DOWNTOWN MOORHEAD INC (EIN 813097290) - 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

2019

Legal Domicile

Principal Officer

MATT LEISETH

Phone

2184431361

Tax Period

2025-01-01 to 2025-12-31

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.

Mission

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.

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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 (2025)

Revenue Breakdown

Contributions & Grants $96,500

Program Service Revenue $176,523

Investment Income $0

Other Revenue $0

TOTAL REVENUE $273,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,392

Fundraising Expenses $0

Other Expenses $25,941

TOTAL EXPENSES $214,333

Year-over-Year Comparison

	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%

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

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

$171,827

Total Directors

Key Employees

Highest Compensated

reported

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	$0	$0	$0
TIM DOWNS	DIRECTOR	3.00	Director	$0	$0	$0
RYAN WALL	DIRECTOR	3.00	Director	$0	$0	$0
STACIA SYTSMA	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD THURS	DIRECTOR	3.00	Director	$0	$0	$0
CALVIN TEUBNER	DIRECTOR	3.00	Director	$0	$0	$0
DERRICK LAPOINT THROUGH 1225	PRESIDENT/CEO	40.00	Officer	$162,827	$9,000	$171,827

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	$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

DOWNTOWN MOORHEAD INC