DOWNTOWN FORT WORTH INITIATIVES INC (EIN 752277821) - 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

1988

Legal Domicile

Principal Officer

ANDREW TAFT

Phone

8178701692

Tax Period

2023-10-01 to 2024-09-30

DOWNTOWN FORT WORTH INITIATIVES INC, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $593K, a strong 18% operating margin.

Mission

DOWNTOWN FORT WORTH INITIATIVES, INC. RECEIVES FUNDS TO BE USED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES THAT HELP TO FOSTER, PROMOTE, MAINTAIN, AND ENCOURAGE THE CIVIC, SOCIAL, AND GENERAL WELFARE FOR THE CITY OF FORT WORTH.

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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 $1,171,779

Program Service Revenue $1,491,018

Investment Income $700,299

Other Revenue $3,694

TOTAL REVENUE $3,366,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,763,488

Other Expenses $2,773,450

TOTAL EXPENSES $2,773,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,366,790	$7,886,887	-0.6%
Expenses	$2,773,450	$2,994,854	-0.1%
Net Income	$593,340	$4,892,033	-0.9%

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

1200

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

$649,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSTY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ANDRESKI	DIRECTOR	1.00	Director	$0	$0	$0
LARRY ANFIN	DIRECTOR	1.00	Director	$0	$0	$0
LORI BALDOCK	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT M BASS	DIRECTOR	1.00	Director	$0	$0	$0
RICK BAUMEISTER	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON BEARDEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BENNETT	CHAIR	1.00	Officer Director	$0	$0	$0
LAURA BIRD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRANDON BLEDSOE	DIRECTOR	1.00	Director	$0	$0	$0
HENRY BORBOLLA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRANDON BREWER	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE BROUSSARD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY B BURKE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CASAREZ	DIRECTOR	1.00	Director	$0	$0	$0
JACK CLARK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE COFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN COLTHARP	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CORREA	DIRECTOR	1.00	Director	$0	$0	$0
MARY MARGARET DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DOUG ELLER	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE FULWILER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD GARTNER	DIRECTOR	1.00	Director	$0	$0	$0
REID GOETZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HAMBRICK	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT HANTELMANN	DIRECTOR	1.00	Director	$0	$0	$0
DREW HAYDEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HILTABIDEL	DIRECTOR	1.00	Director	$0	$0	$0
STACY HOLLINGSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
JACK HUFF	DIRECTOR	1.00	Director	$0	$0	$0
ADAM JONES	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
WHIT KELLY	DIRECTOR	1.00	Director	$0	$0	$0
DIONE KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
DALE KLOSE	DIRECTOR	1.00	Director	$0	$0	$0
SAM KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
RONNY KORB	TREASURER	1.00	Officer Director	$0	$0	$0
WALTER LITTLEJOHN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LOMBARDI	DIRECTOR	1.00	Director	$0	$0	$0
DR SEAN MADISON	DIRECTOR	1.00	Director	$0	$0	$0
VARUN MALLIPADDI	DIRECTOR	1.00	Director	$0	$0	$0
PATI MEADOWS	DIRECTOR	1.00	Director	$0	$0	$0
JACK MILLER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MILLIKEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN NEWBY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PAVELL	DIRECTOR	1.00	Director	$0	$0	$0
NINA PETTY	DIRECTOR	1.00	Director	$0	$0	$0
SIERRA QUINONEZ	DIRECTOR	1.00	Director	$0	$0	$0
AMBER FINLEY REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
KYLE RILEY	DIRECTOR	1.00	Director	$0	$0	$0
BOB SEMPLE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SHELLEY	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SONNY SRA	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA STARLING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JERRY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY TOWSON	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS TURNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN VALLANCE	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN WALSH	DIRECTOR	1.00	Director	$0	$0	$0
JARRATT WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WATTERS	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE WESTRUM	DIRECTOR	1.00	Director	$0	$0	$0
JANAE WILLIS-BEARD	DIRECTOR	1.00	Director	$0	$0	$0
BUZZ LO BRIGHTBILL III	DIRECTOR	1.00	Director	$0	$0	$0
GARY CUMBIE	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN HOWETH	DIRECTOR	1.00	Director	$0	$0	$0
TERRENCE J RYAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG UPP	DIRECTOR	1.00	Director	$0	$0	$0
MAE FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
ANETTE LANDEROS	DIRECTOR	1.00	Director	$0	$0	$0
MARIE DOC HOLLIDAY	DIRECTOR	1.00	Director	$0	$0	$0
BOB JAMESON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE LYNN	DIRECTOR	1.00	Director	$0	$0	$0
STACY MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS DE LA TORRE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
RANDY GIDEON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN AVILA	DIRECTOR	1.00	Director	$0	$0	$0
BRANDI ERVIN	CONTROLLER	10.00	Officer	$0	$29,273	$140,453
ANDY TAFT NON VOTING	PRESIDENT	10.00	Officer	$0	$73,221	$508,725
REBECCA FETTY	DIRECTOR OF MARKETING & MEMBERSHIP	10.00	Highest	$0	$27,648	$138,213
MATTHEW BEARD	DIRECTOR OF PUBLIC IMPROVEMENT	10.00	Highest	$0	$29,009	$137,360
MELISSA KNOUR	DIRECTOR OF PLANNING	10.00	Highest	$0	$29,391	$144,492

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	$3,366,790	$2,773,450	$9,777,504	$593,340
2023	$7,886,887	$2,994,854	$8,715,723	$4,892,033
2022	$3,569,281	$3,104,409	$6,536,570	$464,872
2021	$1,254,295	$753,676	$6,966,128	$500,619
2020	$1,132,201	$1,074,952	$6,286,249	$57,249
2019	$2,309,416	$2,494,706	$6,127,175	$-185,290
2018	$2,906,578	$2,558,311	$6,312,078	$348,267

DOWNTOWN FORT WORTH INITIATIVES INC