DOWNTOWN GEORGETOWN ASSOCIATION

EIN: 741976744 Community Improvement

GEORGETOWN, TX

Total Revenue
$369,684
Total Expenses
$270,957
Total Assets
$316,962
Net Assets
$316,962
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
TAMMEY STOKLEY
Phone
5128688675
Tax Period
2024-01-01 to 2024-12-31

DOWNTOWN GEORGETOWN ASSOCIATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $370K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 27% operating margin.

Mission

THE DOWNTOWN GEORGETOWN ASSOCIATIONS MISSION IS TO SUPPORT AND PROMOTE LOCAL BUSINESSES WHILE PROTECTING THE VITALITY OF DOWNTOWN. WE STRIVE TO KEEP THE HISTORIC DISTRICT A PREMIER DESTINATION BY GUIDING COMMERCE GROWTH AND DEVELOPMENT, FOSTERING WELCOMING COMMUNITY ENVIRONMENT, AND CREATING FREE, FAMILY-FRIENDLY EVENTS THAT BRING THE COMMUNITY TOGETHER AND ATTRACT VISITORS.

Program Service Accomplishments

Program 1

THE DOWNTOWN GEORGETOWN ASSOCIATION MAINTAINS AN ACTIVE MEMBERSHIP PROGRAM THAT PROVIDES RESOURCES, NETWORKING, AND PROMOTIONAL OPPORTUNITIES FOR LOCAL BUSINESSES IN AND AROUND THE DOWNTOWN DISTRICT...

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THE DOWNTOWN GEORGETOWN ASSOCIATION MAINTAINS AN ACTIVE MEMBERSHIP PROGRAM THAT PROVIDES RESOURCES, NETWORKING, AND PROMOTIONAL OPPORTUNITIES FOR LOCAL BUSINESSES IN AND AROUND THE DOWNTOWN DISTRICT. WITH ANNUAL MEMBERSHIP THE PROGRAM IS DESIGNED TO BE AFFORDABLE AND INCLUSIVE FOR SMALL BUSINESSES WHILE DELIVERING STRONG VALUE. MEMBERSHIP BENEFITS INCLUDE SOCIAL MEDIA PROMOTION, BUSINESS HIGHLIGHTS, COLLABORATIVE MARKETING CAMPAIGNS, AND ACCESS TO EDUCATIONAL MASTERCLASSES FOCUSED ON MARKETING, GROWTH STRATEGIES, AND LEADERSHIP. MEMBERS ALSO GAIN VISIBILITY THROUGH THE DGA WEBSITE, DOWNTOWN EVENTS, AND THE DEDICATED MEMBERSHIP PORTAL. BY FOSTERING COLLABORATION, AMPLIFYING BUSINESS VISIBILITY, AND STRENGTHENING DOWNTOWN COMMERCE, THE MEMBERSHIP PROGRAM DIRECTLY ADVANCES THE DGAS MISSION TO SUPPORT LOCAL BUSINESSES AND MAINTAIN GEORGETOWN AS A PREMIER DESTINATION.

Program 2

THE DOWNTOWN GEORGETOWN ASSOCIATION ORGANIZES MARKET DAYS ON THE SECOND SATURDAY OF EACH MONTH FROM MARCH THROUGH NOVEMBER. THIS OUTDOOR MARKETPLACE FEATURES MORE THAN 200 ARTISAN, CRAFT, COTTAGE...

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THE DOWNTOWN GEORGETOWN ASSOCIATION ORGANIZES MARKET DAYS ON THE SECOND SATURDAY OF EACH MONTH FROM MARCH THROUGH NOVEMBER. THIS OUTDOOR MARKETPLACE FEATURES MORE THAN 200 ARTISAN, CRAFT, COTTAGE FOOD, AND BUSINESS VENDORS, ALONG WITH FOOD TRUCKS AND LIVE MUSIC. MARKET DAYS ATTRACTS THOUSANDS OF VISITORS TO THE SQUARE EACH MONTH, PROVIDING SMALL BUSINESSES AND ENTREPRENEURS WITH AN AFFORDABLE PLATFORM TO SHOWCASE THEIR GOODS AND SERVICES. AS A FREE COMMUNITY EVENT, MARKET DAYS STRENGTHENS THE VITALITY OF THE HISTORIC DISTRICT BY INCREASING FOOT TRAFFIC, SUPPORTING LOCAL COMMERCE, AND CREATING A VIBRANT, FAMILY-FRIENDLY EXPERIENCE THAT BENEFITS RESIDENTS AND VISITORS ALIKE.

Program 3

THE DOWNTOWN GEORGETOWN ASSOCIATION HOSTS THE ANNUAL CHRISTMAS STROLL, A FREE, FAMILY-FRIENDLY COMMUNITY FESTIVAL HELD EACH DECEMBER IN THE HISTORIC DOWNTOWN DISTRICT. THE EVENT SPANS THREE DAYS AND...

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THE DOWNTOWN GEORGETOWN ASSOCIATION HOSTS THE ANNUAL CHRISTMAS STROLL, A FREE, FAMILY-FRIENDLY COMMUNITY FESTIVAL HELD EACH DECEMBER IN THE HISTORIC DOWNTOWN DISTRICT. THE EVENT SPANS THREE DAYS AND ATTRACTS APPROXIMATELY 75,000-80,000 VISITORS, MAKING IT ONE OF THE LARGEST HOLIDAY FESTIVALS IN CENTRAL TEXAS. THE STROLL FEATURES A HOLIDAY PARADE, ARTISAN AND FOOD VENDORS, LIVE ENTERTAINMENT ON MULTIPLE STAGES, CHILDRENS ACTIVITIES, AND THEMED ATTRACTIONS THAT SHOWCASE THE CHARM OF GEORGETOWNS DOWNTOWN. THE EVENT PROVIDES AN ECONOMIC IMPACT BY DRIVING FOOT TRAFFIC TO LOCAL BUSINESSES AND CREATING SEASONAL OPPORTUNITIES FOR MORE THAN 200 VENDORS, WHILE ALSO FOSTERING COMMUNITY CONNECTION AND PRESERVING GEORGETOWNS REPUTATION AS A PREMIER DESTINATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $369,270
Investment Income $414
Other Revenue $0
TOTAL REVENUE $369,684

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,000
Fundraising Expenses $0
Other Expenses $268,957
TOTAL EXPENSES $270,957

Year-over-Year Comparison

2024 2023 Change
Revenue $369,684 $219,949 +0.7%
Expenses $270,957 $163,871 +0.7%
Net Income $98,727 $56,078 +0.8%
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

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
N/A

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMEY STOKLEY PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHELLE BELT BARAN SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN CUMMINS TREASURER 1.00
Officer Director
$0 $0 $0
BRAD STRITTMATTER BOARD MEMBER 1.00
Director
$0 $0 $0
DIXIE DOSS BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL GRINGAS BOARD MEMBER 1.00
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
2024 $369,684 $270,957 $316,962 $98,727
2023 $219,949 $163,871 $218,761 $56,078
2022 $169,435 $157,362 $163,697 $12,073
2021 $162,120 $128,494 $150,185 $33,626
2020 $89,625 $90,939 $118,939 $-1,314
2019 $267,620 $214,873 $120,363 $52,747
2018 $233,818 $225,894 $67,592 $7,924
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