DOWNTOWN MESA ASSOCIATION

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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

1984

Legal Domicile

Principal Officer

Kevin Broeckling

Phone

4808902613

Tax Period

2020-07-01 to 2021-06-30

DOWNTOWN MESA ASSOCIATION, founded in 1984, is a small nonprofit in the Community Improvement sector that reported $964K in total revenue in fiscal year 2020. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $902K left a modest 6% surplus.

Mission

Business and Economic Development of Downtown Mesa AZ

Program Service Accomplishments

Program 1

Expenses: $225,451

Economic Development of the Mesa Downtown Square Mile through marketing and awareness activities.

Program 2

Expenses: $225,451

Management and Enforcement of Parking within the Mesa downtown square mile.

Program 3

Expenses: $450,902

Management of Public Property within the Mesa Downtown square mile including the following: trash, graffiti eradication, pigeon control, and pressure washing sidewalks, alleys and parking garages.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $964,225

Investment Income $0

Other Revenue $0

TOTAL REVENUE $964,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $440,713

Fundraising Expenses $0

Program Expenses $901,804

Other Expenses $461,091

TOTAL EXPENSES $901,804

Year-over-Year Comparison

	2020	2019	Change
Revenue	$964,225	$880,471	+0.1%
Expenses	$901,804	$764,776	+0.2%
Net Income	$62,421	$115,695	-0.5%

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

$138,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Hormann	Secretary / Exec Director / President	40	Director Highest	$138,000	$0	$138,000
Kevin Broeckling	Chair	2	Officer Director	$0	$0	$0
Robert Bisetti	Vice Chair	2	Officer Director	$0	$0	$0
Jeff McVay	Treasurer	2	Officer Director	$0	$0	$0
Brian Marshall	Director	1	Director	$0	$0	$0
Brian Snider	Director	1	Director	$0	$0	$0
Cory TerEick	Director	1	Director	$0	$0	$0
Laurent Teichman	Director	1	Director	$0	$0	$0
Susan Stephensen	Director	1	Director	$0	$0	$0
Tim Sprague	Director	0	Director	$0	$0	$0
Tony Wall	Director	1	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
2021	$964,225	$901,804	$732,030	$62,421