IDAHO FALLS DOWNTOWN DEVELOPMENT CORPORATION

EIN: 820467139

IDAHO FALLS, ID

Total Revenue
$439,737
Total Expenses
$405,440
Total Assets
$140,990
Net Assets
$128,758
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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
1996
Legal Domicile
ID
Phone
2085350399
Tax Period
2024-10-01 to 2025-09-30

IDAHO FALLS DOWNTOWN DEVELOPMENT CORPORATION, founded in 1996, is a small nonprofit that reported $440K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $405K left a modest 8% surplus.

Mission

THE PURPOSE OF THE IDAHO FALLS DOWNTOWN DEVELOPMENT CORPORATION IS TO PROMOTE BUSINESS, IMPROVE AND MAINTAIN PUBLIC AREAS, AND TO FULFILL ALL PURPOSES FOR WHICH A BUSINESS IMPROVEMENT DISTRICT MAY BE FORMED.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE IDAHO FALLS DOWNTOWN DEVELOPMENT CORPORATION IS TO PROMOTE BUSINESS, IMPROVE AND MAINTAIN PUBLIC AREAS, AND TO FULFILL ALL PURPOSES FOR WHICH A BUSINESS IMPROVEMENT DISTRICT MAY BE...

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THE PURPOSE OF THE IDAHO FALLS DOWNTOWN DEVELOPMENT CORPORATION IS TO PROMOTE BUSINESS, IMPROVE AND MAINTAIN PUBLIC AREAS, AND TO FULFILL ALL PURPOSES FOR WHICH A BUSINESS IMPROVEMENT DISTRICT MAY BE FORMED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $125,822
Program Service Revenue $306,300
Investment Income $482
Other Revenue $7,133
TOTAL REVENUE $439,737

Expense Breakdown

Grants Paid $16,200
Salaries & Benefits $160,666
Fundraising Expenses $0
Other Expenses $228,574
TOTAL EXPENSES $405,440

Year-over-Year Comparison

2024 2023 Change
Revenue $439,737 $467,146 -0.1%
Expenses $405,440 $428,790 -0.1%
Net Income $34,297 $38,356 -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

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Governance

Voting Members
11
Independent Members
11
Employees
9
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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN CUTLER PAST PRES 1.00
Director
$0 $0 $0
MARK CORNELISON Director 1.00
Director
$0 $0 $0
BRANDI NEWTON Treasurer 2.00
Officer Director
$0 $0 $0
JILL HANSEN Secretary 2.00
Officer Director
$0 $0 $0
SID PAGE Director 1.00
Director
$0 $0 $0
CAITLYN LONG Director 1.00
Director
$0 $0 $0
PAUL BAKER Director 1.00
Director
$0 $0 $0
JAKE DURTSCHI ex officio 1.00
Director
$0 $0 $0
MICHELLE ZIELDINGMAN Director 1.00
Director
$0 $0 $0
CATHERINE MCCLURE Director 1.00
Director
$0 $0 $0
MATT JACOBESEN Vice President 2.00
Officer Director
$0 $0 $0
REBECCA CASPER EX-OFFICIO 1.00
Director
$0 $0 $0
LISA FARRIS EX-OFFICIO 1.00
Director
$0 $0 $0
CHIP LANGERAK President 2.00
Officer Director
$0 $0 $0
KERRY HAMMON Executive Dir. 40.00
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 $439,737 $405,440 $140,990 $34,297
2024 $467,146 $428,790 $104,904 $38,356
2023 $570,048 $563,714 $64,999 $6,334
2022 $396,776 $460,517 $57,417 $-63,741
2021 $420,283 $372,810 $119,297 $47,473
2020 $338,324 $328,953 $95,217 $9,371
2019 $205,167 $250,851 $78,449 $-45,684
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