THE MIAMI DOWNTOWN REDEVELOPMENT AUTHORITY (EIN 731345807) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Phone

9185402425

Tax Period

2024-03-01 to 2025-02-28

THE MIAMI DOWNTOWN REDEVELOPMENT AUTHORITY, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $633K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $217K, a strong 34% operating margin.

Mission

THE MIAMI DOWNTOWN REDEVELOPMENT AUTHORITY (MDRA) FOCUSES ON THE REVITALIZATION, BEAUTIFICATION, AND ECONOMIC GROWTH OF THE DOWNTOWN AREA OF MIAMI.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $384,553

Program Service Revenue $224,562

Investment Income $959

Other Revenue $22,864

TOTAL REVENUE $632,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,139

Fundraising Expenses $0

Program Expenses $312,859

Other Expenses $248,970

TOTAL EXPENSES $416,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$632,938	$362,923	+0.7%
Expenses	$416,109	$301,326	+0.4%
Net Income	$216,829	$61,597	+2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN ESTEP	VICE CHAIR	1.0	Officer Director	$0	$0	$0
KYLA JONES	SECRETARY	1.0	Officer Director	$0	$0	$0
LYNN FORKUM	CHAIR	1.0	Officer Director	$0	$0	$0
BO REESE	TRUSTEE	1.0	Director	$0	$0	$0
CORRIE STOTTS	TRUSTEE	1.0	Director	$0	$0	$0
JOE MORGAN	TRUSTEE	1.0	Director	$0	$0	$0
JORDAN BOYD	TRUSTEE	1.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$632,938	$416,109	$482,733	$216,829
2024	$362,923	$301,326	$280,099	$61,597
2023	$359,944	$294,592	$235,169	$65,352
2022	$430,249	$314,846	$182,753	$115,403
2021	$252,193	$222,252	$72,679	$29,941
2020	$315,737	$278,553	$63,275	$37,184
2019	$396,348	$359,248	$44,799	$37,100
2018	$298,082	$189,023	$25,005	$109,059

THE MIAMI DOWNTOWN REDEVELOPMENT AUTHORITY