DOWNTOWN EVANSVILLE - COMMUNITY DEVELOPMENT CORPORATION

EIN: 832896697 501(c)(3) Community Improvement

EVANSVILLE, IN

Total Revenue
$2,075,793
Total Expenses
$123,039
Total Assets
$1,750,163
Net Assets
$1,125,051
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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
IN
Principal Officer
LLOYD WINNECKE
Phone
8124258147
Tax Period
2023-10-01 to 2024-09-30

DOWNTOWN EVANSVILLE - COMMUNITY DEVELOPMENT CORPORATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 2539% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 94% operating margin.

Mission

BUILD A MORE ACTIVE AND INCLUSIVE DOWNTOWN EVANSVILLE BY ACCELERATING COMMUNITY-GUIDED REAL ESTATE DEVELOPMENT. WE CHOOSE QUALITY OVER QUANTITY BECAUSE GOOD DESIGN MATTERS. WE RESPECT HISTORY AND OUR HISTORIC BUILDINGS, WHILE LOOKING TOWARDS THE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $122,619 Revenue: $193,012

PUBLICIZING AND PLANNING IMPROVEMENTS FOR EVANSVILLE, INDIANA

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,835,562
Program Service Revenue $193,012
Investment Income $47,219
Other Revenue $0
TOTAL REVENUE $2,075,793

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $122,619
Other Expenses $103,039
TOTAL EXPENSES $123,039

Year-over-Year Comparison

2023 2022 Change
Revenue $2,075,793 $78,649 +25.4%
Expenses $123,039 $58,277 +1.1%
Net Income $1,952,754 $20,372 +94.9%
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
5
Independent Members
4
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
5
$425,160
Total Directors
6
$318,921
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE ENGELBRECHT BOARD MEMBER 1.00
Director
$0 $0 $0
TARA BARNEY BOARD CHAIR 1.00
Officer Director
$0 $25,390 $318,921
BARRY COX BOARD MEMBER 1.00
Director
$0 $0 $0
SARA MILLER SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
JEFF WHITESIDE VICE CHAIR 1.00
Officer Director
$0 $0 $0
LLOYD WINNECKE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CANDACE CHAPMAN EXECUTIVE DIRECTOR 1.00
Officer
$0 $18,284 $106,239
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 $2,075,793 $123,039 $1,750,163 $1,952,754
2024 $4,066,583 $4,013,353 $2,932,336 $53,230
2023 $78,649 $58,277 $1,933,902 $20,372
2022 $2,529,804 $23,064 $2,734,804 $2,506,740
2021 $799,107 $81,067 $966,836 $718,040
2019 $419,501 $187,750 $231,751 $231,751
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