OXNARD DOWNTOWNERS FOUNDATION INC

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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

2018

Legal Domicile

Principal Officer

ELIZABETH KENNEDY

Phone

8052470197

Tax Period

2024-01-01 to 2024-12-31

OXNARD DOWNTOWNERS FOUNDATION INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $269K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $316K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE SUPPORT FOR LOCAL EDUCATIONAL AND CULTURAL EVENTS AND CARRY ON OTHER CHARITABLE ACTIVITIES TO BETTER THE LOCAL COMMUNITY AND CONTINUE THE REVITALIZATION OF THE DOWNTOWN BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $123,002 Revenue: $69,837

HERITAGE SQUARE SUMMER CONCERT SERIES. FRIDAY NIGHTS, BANDS PLAY IN THE SETTING OF THE HERITAGE SQUARE COURTYARD. FOUR- AND SIX-SEAT TABLES AND INDIVIDUAL SEAT TICKETS ARE AVAILABLE FOR PURCHASE...

HERITAGE SQUARE SUMMER CONCERT SERIES. FRIDAY NIGHTS, BANDS PLAY IN THE SETTING OF THE HERITAGE SQUARE COURTYARD. FOUR- AND SIX-SEAT TABLES AND INDIVIDUAL SEAT TICKETS ARE AVAILABLE FOR PURCHASE. UNRESERVED BYO BLANKET AND LOW BACK LAWN CHAIR SEATING ARE OFFERED FREE OF CHARGE.

Program 2

Expenses: $43,524 Revenue: $36,555

SALSA FESTIVAL

Program 3

Expenses: $32,931 Revenue: $45,257

DOWNTOWN FARMER MARKET. SUPPORTED THE WEEKLY FARMERS MARKET WHICH OFFERS A MID-WEEK MORNING/NOON MARKET THAT SERVES ROUGHLY 300 PERSONS EACH WEEK IN A PLEASANT ENVIRONMENT AT PLAZA PARK.

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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 $27,400

Program Service Revenue $234,306

Investment Income $0

Other Revenue $7,035

TOTAL REVENUE $268,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,160

Fundraising Expenses $0

Program Expenses $240,632

Other Expenses $283,880

TOTAL EXPENSES $316,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,741	$216,144	+0.2%
Expenses	$316,040	$215,681	+0.5%
Net Income	$-47,299	$463	-103.2%

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

N/A

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

$32,160

Total Directors