DOWNTOWN AUSTIN DEVELOPMENT CORPORATION (EIN 742862219) - 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

1997

Legal Domicile

Principal Officer

Davon Barbour

Phone

5124691766

Tax Period

2024-05-01 to 2025-04-30

DOWNTOWN AUSTIN DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Environment sector that reported $392K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $500K exceeded revenue, resulting in a 28% operating deficit.

Mission

To enhance the downtown area of Austin, Texas, and to support and implement the Downtown Vision of the Austin DMO, Inc d.b.a Downtown Austin Alliance and implement services and projects beneficial to Downtown Austin, including parks improvement projects and other large scale projects.

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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 $381,092

Program Service Revenue $11,115

Investment Income $0

Other Revenue $0

TOTAL REVENUE $392,207

Expense Breakdown

Grants Paid $79,000

Salaries & Benefits $0

Fundraising Expenses $78,280

Program Expenses $421,069

Other Expenses $343,080

TOTAL EXPENSES $500,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$392,207	$180,167	+1.2%
Expenses	$500,360	$173,930	+1.9%
Net Income	$-108,153	$6,237	-18.3%

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
Kevin Brown	Director	1	Director	$0	$0	$0
Jenny Wiebrand	Director	1	Director	$0	$0	$0
Dewitt Peart	Secretary	1	Director	$0	$0	$0
Saul Paul	Director	1	Director	$0	$0	$0
Xavier Pena	Director	1	Director	$0	$0	$0
Nick Moulinet	Chair	1	Officer	$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	$392,207	$500,360	$617,946	$-108,153
2024	$180,167	$173,930	$707,125	$6,237
2023	$430,787	$139,140	$692,808	$291,647

DOWNTOWN AUSTIN DEVELOPMENT CORPORATION