DOWNTOWN SRQ ENRICHMENT 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

DARCI JACOB

Phone

7275423000

Tax Period

2025-01-01 to 2025-12-31

DOWNTOWN SRQ ENRICHMENT INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $159K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO BRING TOGETHER THE RESIDENTS OF SARASOTA WITH VARIOUS MERCHANTS AND PROVIDERS THROUGH FREE EVENTS DOWNTOWN

Program Service Accomplishments

Program 1

Expenses: $169,239 Revenue: $159,370

TO PROVIDE SAFE AND FUN EVENTS FOR EVERYONE TO ATTEND WHILE PROMOTING LOCAL BUSINESS

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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 (2025)

Revenue Breakdown

Contributions & Grants $44,527

Program Service Revenue $114,843

Investment Income $0

Other Revenue $0

TOTAL REVENUE $159,370

Expense Breakdown

Grants Paid $1,450

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,239

Other Expenses $167,789

TOTAL EXPENSES $169,239

Year-over-Year Comparison

	2025	2024	Change
Revenue	$159,370	$134,711	+0.2%
Expenses	$169,239	$132,459	+0.3%
Net Income	$-9,869	$2,252	-5.4%

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	Role	Reportable Comp	Other Comp	Total
RONALD SOTO	FUNDRAISING CHAIR	Officer	$0	$0	$0
DARCI JACOB	PRESIDENTTREASURER	Officer	$0	$0	$0
HARMONI KRUSING	VICE PRESIDENT	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	$159,370	$169,239	$17,488	$-9,869
2024	$134,711	$132,459	$27,357	$2,252
2023	$105,683	$88,737	$25,105	$16,946
2022	$124,255	$117,722	$8,159	$6,533
2021	$125,424	$128,713	$11,119	$-3,289