DOWNTOWN RENO BUSINESS IMPROVEMENT DISTRICT (EIN 823537077) - 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

2017

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

DOWNTOWN RENO BUSINESS IMPROVEMENT DISTRICT, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 9% surplus.

Mission

TO IMPROVE AND PROMOTE THE ECONOMIC WELL - BEING OF DOWNTOWN RENO BY MANAGING AND IMPLEMENTING PROGRAMS, ACTIVITIES AND CONTRACTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,075

Program Service Revenue $3,684,167

Investment Income $9,216

Other Revenue $0

TOTAL REVENUE $3,793,458

Expense Breakdown

Grants Paid $0

Salaries & Benefits $433,221

Fundraising Expenses $0

Program Expenses $3,093,955

Other Expenses $3,019,102

TOTAL EXPENSES $3,452,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,793,458	$3,261,713	+0.2%
Expenses	$3,452,323	$3,222,994	+0.1%
Net Income	$341,135	$38,719	+7.8%

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

$201,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEOMA JARDON	EXECUTIVE DIRECTOR	40.00	Officer	$201,646	$0	$201,646
TROY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KAYA STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
MARILUZ GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
EATON DUNKLEBERGER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL IRVING	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SIRI	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY MEREDITH	DIRECTOR	1.00	Director	$0	$0	$0
ERIC EDELSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SHANKS	DIRECTOR	1.00	Director	$0	$0	$0
MARK REECE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE POLIKALAS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LERUDE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN BOULWARE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TONY MARINI	CHAIR	5.00	Officer Director	$0	$0	$0
MIKE ROSSMAN	TREASURER	5.00	Officer Director	$0	$0	$0
PAR TOLLES	SECRETARY	2.00	Officer 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	No data	No data	No data	No data
2024	$3,793,458	$3,452,323	$1,374,059	$341,135
2023	$3,261,713	$3,222,994	$1,070,646	$38,719
2022	$2,994,626	$3,165,129	$993,640	$-170,503
2021	$3,419,129	$3,061,946	$1,140,237	$357,183
2020	$2,863,831	$2,762,303	$782,783	$101,528
2019	$2,526,676	$2,188,595	$528,537	$338,081

DOWNTOWN RENO BUSINESS IMPROVEMENT DISTRICT