DOWNTOWN RIVERFRONT TRUST (EIN 814619812) - 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

RACHEL JACOBSON

Phone

4023913190

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN RIVERFRONT TRUST, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $398K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $516K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO WORK IN CONJUNCTION WITH GOVERNMENTAL AGENCIES OF THE CITIES OF OMAHA AND COUNCIL BLUFFS, AS WELL AS PRIVATE SECTOR ENTITIES, TO DEVELOP THE MISSOURI RIVER WATERFRONT IN THE METROPOLITAN AREA FOR THE BENEFIT AND USE OF THE GENERAL PUBLIC.

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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 $371,608

Program Service Revenue $0

Investment Income $26,744

Other Revenue $0

TOTAL REVENUE $398,352

Expense Breakdown

Grants Paid $392,321

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $392,321

Other Expenses $123,715

TOTAL EXPENSES $516,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,352	$894,297	-0.6%
Expenses	$516,036	$1,003,772	-0.5%
Net Income	$-117,684	$-109,475	+0.1%

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
KENNETH STINSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MOGENS C BAY	DIRECTOR	1.00	Director	$0	$0	$0
W GARY GATES	DIRECTOR	1.00	Director	$0	$0	$0
JACK KORALESKI	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL JACOBSON	PRESIDENT	1.00	Officer	$0	$0	$0
DAN WATERS	SECRETARY	1.00	Officer	$0	$0	$0
RANAE KECKEISEN	TREASURER	1.00	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
2024	$398,352	$516,036	$13,622,822	$-117,684
2023	$894,297	$1,003,772	$20,920,786	$-109,475
2022	$3,742,336	$3,979,303	$78,147,504	$-236,967
2021	$28,894,950	$29,016,111	$158,815,743	$-121,161
2020	$36,994,406	$37,325,882	$158,328,884	$-331,476
2019	$169,454,287	$168,554,468	$151,998,722	$899,819
2018	$60,661,607	$61,062,265	$58,293,994	$-400,658

DOWNTOWN RIVERFRONT TRUST