MOORHEAD, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DOWNTOWN MOORHEAD INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $273K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 21% operating margin.
DOWNTOWN MOORHEAD INCORPORATED IS A PRIVATE, NON-PROFIT ORGANIZATION DEDICATED TO THE BENEFICIAL ECONOMIC GROWTH AND BUSINESS DEVELOPMENT OF DOWNTOWN MOORHEAD. WE ACCOMPLISH THIS THROUGH POLICY DEVELOPMENT, ADVOCACY, AND PROGRAM MANAGEMENT FUNCTIONS CONDUCTED ON BEHALF OF DOWNTOWN STAKEHOLDERS/INVESTORS, AND IN COOPERATION WITH PUBLIC AND OTHER PRIVATE-SECTOR PARTNERS.
CENTER AVENUE WAS RECONSTRUCTED INTO A MULTIMODAL, THREE-LANE STREET. NEW DOWNTOWN STREETS: SIXTH STREET IS NOW OPEN; MINNESOTA AVENUE AND RED RIVER AVENUE ARE UNDER CONSTRUCTION. 11TH STREET...
CENTER AVENUE WAS RECONSTRUCTED INTO A MULTIMODAL, THREE-LANE STREET. NEW DOWNTOWN STREETS: SIXTH STREET IS NOW OPEN; MINNESOTA AVENUE AND RED RIVER AVENUE ARE UNDER CONSTRUCTION. 11TH STREET UNDERPASS PROJECT ($171M): ELIMINATES TRAIN DELAYS, IMPROVES EMERGENCY RESPONSE TIMES, ADDS 1.8 MILES OF PEDESTRIAN AND BIKE PATHS. FEATURES PUBLIC ART AND LANDSCAPING. SCHEDULED TO OPEN FALL 2026. NEW PUBLIC LIBRARY AND COMMUNITY CENTER. INDOOR CHILDREN'S PLAY AREA, WALKING TRACK, AND CENTER FOR ENTREPRENEURSHIP. FUNDED BY 2022 SALES TAX INITIATIVE (64% VOTER APPROVAL). OPENING SLATED FOR SPRING 2026. FOR THE CITY HALL RENOVATION, IMPROVED SERVICE AREAS AND ADA-COMPLIANT DESIGN, AND NEW PUBLIC PLAZA.ROTARY NATURAL PLAY HILL AND BIKE PARK OPENED JUNE 2025. DAVY MEMORIAL PARK AND VIKING SHIP PARK OFFER TRAILS, PLAYGROUNDS AND DISCOVERY TRAIL ACCESS.HIGHLIGHTS INCLUDE "SUNSET ON THE RIVERFRONT, FARMERS MARKETS, RIVER ARTS, AND CELTIC FEST".650 CENTER: NEW MIXED-USE DEVELOPMENT FEATURING DOWNTOWN CHIROPRACTIC AND NEW APARTMENTSMALL TRANSITION: LOCAL BUSINESS RELOCATIONS AND FOUR RETIREMENTS-MOORHEAD VISION (CELEBRATING 100 YEARS!) AND MOORHEAD DRUG NOW OPEN AT 8TH & CENTER. NEARLY 18 ACRES ARE PRIMED FOR DEVELOPMENT OVER THE NEXT 5-10 YEARSCULTURAL MALL: LED BY THE IMMIGRANT DEVELOPMENT CENTER AND WILL SUPPORT IMMIGRANT ENTREPRENEURS AND CULTURAL EVENTS, ENRICHING DOWNTOWN'S DIVERSITY. MOORHEAD'S GROWING INFLUENCE: THE ANNOUNCEMENT OF A $5 BILLION SUSTAINABLE AVIATION FUEL (SAF) PLANT BY DG FUELS IN MOORHEAD MARKS A TRANSFORMATIVE MILESTONE FOR THE CITY AND STATE. THIS FACILITY WILL: PRODUCE 193 MILLION GALLONS OF LOW-CARBON FUEL ANNUALLY-NEARLY HALF THE DEMAND OF THE MSP INTERNATIONAL AIRPORT. USE AGRICULTURAL AND WOOD WASTE AS FEEDSTOCK, AND GENERATE 650 HIGH QUALITY JOBS AND SIGNIFICANT STATEWIDE ECONOMIC IMPACT. THIS WILL BE MINNESOTA'S LARGEST COMMERCIAL SCALE SAF PROJECT, IT POSITIONS MOORHEAD AS A LEADER IN SUSTAINABLE INDUSTRY AND CLEAN ENERGY INNOVATION, ADVANCING THE MINNESOTA SAF HUB'S MISSION TO DEVELOP A ROBUST STATEWIDE SAF INDUSTRY THROUGH CLEAN ENERGY, STRATEGIC PARTNERSHIPS AND INNOVATION. LOOKING AHEAD: WITH NEARLY 18 ACRES AND $500 MILLION IN INVESTMENT, DOWNTOWN MOORHEAD IS ON TRACK TO BECOME AN EVEN MORE WALKABLE, LIVABLE CITY CENTER - A PLACE WHERE RESIDENTS AND VISITORS ALIKE CAN LIVE, WORK, PLAY, AND LEARN IN A VIBRANT, CONNECTED COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $273,023 | $219,938 | +0.2% |
| Expenses | $214,333 | $209,877 | +0.0% |
| Net Income | $58,690 | $10,061 | +4.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRANDON LUNAK | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| CARRIE BRIMHALL | CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| COLIN IRVINE | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| JOE WATZKE | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JON RIEWER | VICE CHAIR/SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE ERICKSON | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| TED HORAN | PAST CHAIR | 3.00 |
Officer
Director
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$0 | $0 | $0 |
| TIM DOWNS | DIRECTOR | 3.00 |
Director
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$0 | $0 | $0 |
| RYAN WALL | DIRECTOR | 3.00 |
Director
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$0 | $0 | $0 |
| STACIA SYTSMA | DIRECTOR | 3.00 |
Director
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$0 | $0 | $0 |
| RICHARD THURS | DIRECTOR | 3.00 |
Director
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$0 | $0 | $0 |
| CALVIN TEUBNER | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| DERRICK LAPOINT THROUGH 1225 | PRESIDENT/CEO | 40.00 |
Officer
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$162,827 | $9,000 | $171,827 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $273,023 | $214,333 | $269,583 | $58,690 |
| 2024 | $219,938 | $209,877 | $210,893 | $10,061 |
| 2023 | $227,400 | $188,308 | $200,832 | $39,092 |
| 2022 | $228,500 | $195,869 | $172,882 | $32,631 |
| 2021 | $203,039 | $197,076 | $138,711 | $5,963 |
| 2019 | $225,516 | $163,767 | $144,121 | $61,749 |
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