DOWNTOWN AUSTIN PARKS LLC

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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

Davon Barbour

Phone

5124691766

Tax Period

2024-05-01 to 2025-04-30

DOWNTOWN AUSTIN PARKS LLC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $172K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $192K exceeded revenue, resulting in a 11% operating deficit.

Mission

The Downtown Austin Parks' mission is to create a vibrant, historic, and active spaces at the hear of Austin, Texas community through quality management of public space and creative programing that is based on historic relevance of Republic Square. Downtown Ausin Parks LLC also recognizes the imprtance of not over-programing the parks; leave plenty of time for people to simply enjoy the space as a piece of respite where they can relax, enjoy the outdoor, meet friends and family, and socialize.

Program Service Accomplishments

Program 1

Expenses: $156,921 Revenue: $64,722

Republic Square has been downtown's central gathering place since Austin's founding. The park provide a shared backyard for those who live and work in the area. Parks and greenspaces are a critical component of the downtown economy. The mental and physical health benefits of the natual world are vital to our humanity. We did coninue hosting the Sustainable Food Center's Downtown Farmers' Market each weekend, which supported local farmers and provided the community with a safe, healthy alternative to grocery stores. Elevate inclusive and engaging programs and experiences in downtown parks and public spaces. Substantially expand and coordinate programming in downtown parks and trails. Regularly sponsor and produce arts, cultural and music events and programs in the public space. Use activation metrics to monitor and improve results. We did extensive lawn beautification and garden restoration process to make Republic Square more resilient to foot traffic and more sustainable in the face of climate change. Improvement included: Lawn re-sodding, Stormwater drainage upgrades, native and climate-adaptive plants added, electrical upgrades, dog waste disposal stations with custom artworks, and park benches and lean-on rail near bus stops.Provided regular horticulture, operations, programming and maintenance and security and clean ambassador program at Republic Square. Republic Square hosted over 90,000 people at events in 2024.

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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 $107,600

Program Service Revenue $64,722

Investment Income $0

Other Revenue $0

TOTAL REVENUE $172,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,921

Other Expenses $191,944

TOTAL EXPENSES $191,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,322	$336,417	-0.5%
Expenses	$191,944	$217,359	-0.1%
Net Income	$-19,622	$119,058	-1.2%

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

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
Xavier Pena	Director	1	Director	$0	$0	$0
Kevin Brown	Director	1	Director	$0	$0	$0
SaulPaul	Director	1	Director	$0	$0	$0
Jenny Wiebrand	Vice Chair	1	Director	$0	$0	$0
Dewitt Peart	Secretary	1	Director	$0	$0	$0
Nick Moulinet	Chair	1	Director	$0	$0	$0
Davon Barbour	Secratery	1.00	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
2025	$172,322	$191,944	$343,120	$-19,622
2024	$336,417	$217,359	$326,550	$119,058
2023	$432,246	$347,255	$222,484	$84,991
2022	$206,476	$117,340	$181,564	$89,136
2021	$331,453	$321,393	$60,253	$10,060