Houston Downtown Improvement Inc d… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

Craig Hauschildt

Phone

7135044101

Tax Period

2023-10-01 to 2024-09-30

Houston Downtown Improvement Inc dba Houston Theater District, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $384K in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $291K, a strong 76% operating margin.

Mission

Through partnership, advocacy, and strategy, the members of Houston Theater District work collectively to ensure that the Theater District is an active, vibrant, destination for dynamic, world-class arts and cultural experiences.

Program Service Accomplishments

Program 1

Expenses: $79,865

HDI's initiatives support the advancement of the Theater District as a world-class arts and cultural destination through maintaining a website, the annual Theater Week initiative, and public...

HDI's initiatives support the advancement of the Theater District as a world-class arts and cultural destination through maintaining a website, the annual Theater Week initiative, and public programming, including "Harmonies,"a public art installation of interactive music boxes available to the public at multiple locations throughout the Theater District and other Downtown Houston locations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $383,750

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $383,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,865

Other Expenses $92,450

TOTAL EXPENSES $92,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$383,750	$176,779	+1.2%
Expenses	$92,450	$82,512	+0.1%
Net Income	$291,300	$94,267	+2.1%

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

N/A

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
Hillary Hart	Chair	10.00	Officer Director	$0	$0	$0
John Mangum	Vice Chair	0.50	Officer Director	$0	$0	$0
Dean Gladden	Treasurer	0.50	Officer Director	$0	$0	$0
Meg Booth	Secretary	0.50	Officer Director	$0	$0	$0
Brandon Bell	Director	0.50	Director	$0	$0	$0
Khori Dastoor	Director	0.50	Director	$0	$0	$0
Mark Folkes	Director	0.50	Director	$0	$0	$0
Kris Larson	Director	0.50	Director	$0	$0	$0
James Nelson	Director	0.50	Director	$0	$0	$0
Luther Villagomez	Director	0.50	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	$383,750	$92,450	$786,340	$291,300
2023	$176,779	$82,512	$504,209	$94,267
2022	$306,205	$66,487	$393,533	$239,718
2019	$411,885	$390,514	$380,788	$21,371
2018	$486,559	$540,511	$347,281	$-53,952

Houston Downtown Improvement Inc dba Houston Theater District