Downtown Kingsport Association Inc (EIN 812175094) - 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

2016

Legal Domicile

Principal Officer

Frank Lett

Phone

4233928800

Tax Period

2024-01-01 to 2024-12-31

Downtown Kingsport Association Inc, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $183K in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE DOWNTOWN KINGSPORT AREA CULTURAL, CIVIC, AND ECONOMIC ACTIVITES TO ENHANCE THE LOCAL COMMUNITY.

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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 $110,450

Program Service Revenue $65,945

Investment Income $6,325

Other Revenue $0

TOTAL REVENUE $182,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,597

Fundraising Expenses $0

Program Expenses $111,483

Other Expenses $99,133

TOTAL EXPENSES $190,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,720	$88,474	+1.1%
Expenses	$190,730	$98,144	+0.9%
Net Income	$-8,010	$-9,670	-0.2%

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
Dani Woodrum	Board Member	001.00	Director	$0	$0	$0
Tara Burns	Board Member	001.00	Director	$0	$0	$0
Jim Hill	Board Member	001.00	Director	$0	$0	$0
Chip Millican	Board Member	001.00	Director	$0	$0	$0
Steven Bower	Board Member	001.00	Director	$0	$0	$0
Chris raines	Board Member	001.00	Director	$0	$0	$0
FRANK LETT	Secretary	001.00	Officer	$0	$0	$0
Dory Creech	President	001.00	Officer	$0	$0	$0
Tiffany Smelser	President- Elect	001.00	Officer	$0	$0	$0
Billy Robinson	Past President	001.00	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	No data	No data	No data	No data
2024	$182,720	$190,730	$103,091	$-8,010
2023	$186,041	$190,074	$126,965	$-4,033
2022	$158,092	$165,007	$120,764	$-6,915
2020	$180,923	$181,307	$185,124	$-384

Downtown Kingsport Association Inc