Downtown Huntsville Charitable Fund (EIN 760727229) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Frederick Lanier

Phone

2568909055

Tax Period

2023-01-01 to 2023-12-31

Downtown Huntsville Charitable Fund, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $36K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year. Expenses of $59K exceeded revenue, resulting in a 61% operating deficit.

Mission

Promoting Downtown Huntsville with planning, redevelopment and revitalization.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $13,069

Other Revenue $0

TOTAL REVENUE $13,069

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,592

Other Expenses $15,289

TOTAL EXPENSES $75,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,069	$5,237	+1.5%
Expenses	$75,289	$96,115	-0.2%
Net Income	$-62,220	$-90,878	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Ludwig	Vice Chair	1.00	Officer Director	$0	$0	$0
Leslie Crosby	Director	1.00	Director	$0	$0	$0
John Stallworth	Director	1.00	Director	$0	$0	$0
Jean Templeton	Director	1.00	Director	$0	$0	$0
Jimmy Hudson	Director	1.00	Director	$0	$0	$0
Tommy Battle	Director	1.00	Director	$0	$0	$0
Mark Russell	Director	1.00	Director	$0	$0	$0
William S Propst Jr	Director	1.00	Director	$0	$0	$0
Evans Quinlivan	Director	1.00	Director	$0	$0	$0
Dennis Madsen	Director	1.00	Director	$0	$0	$0
David Little	Director	1.00	Director	$0	$0	$0
Frederick Lanier	Chair/Director	1.00	Officer 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	No data	No data	No data	No data
2023	$13,069	$75,289	$1,303,220	$-62,220
2022	$5,237	$96,115	$1,190,231	$-90,878
2021	$53,198	$88,013	$1,545,798	$-34,815
2020	$9,916	$82,238	$1,545,331	$-72,322
2019	$-565,442	$86,761	$1,625,194	$-652,203
2018	$36,266	$58,538	$2,269,856	$-22,272

Downtown Huntsville Charitable Fund