DOWNTOWN EVANSVILLE - COMMUNITY DEVELOPMENT CORPORATION (EIN 832896697) - 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

2018

Legal Domicile

Principal Officer

LLOYD WINNECKE

Phone

8124258147

Tax Period

2024-10-01 to 2024-12-31

DOWNTOWN EVANSVILLE - COMMUNITY DEVELOPMENT CORPORATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum.

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.

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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 $3,908,381

Program Service Revenue $0

Investment Income $6,700

Other Revenue $151,502

TOTAL REVENUE $4,066,583

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,013,118

Other Expenses $3,913,353

TOTAL EXPENSES $4,013,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,066,583	$2,075,793	+1.0%
Expenses	$4,013,353	$123,039	+31.6%
Net Income	$53,230	$1,952,754	-1.0%

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

$278,673

Total Directors

$278,673

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE ENGELBRECHT	BOARD MEMBER	1.00	Director	$0	$0	$0
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	$26,061	$278,673

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

DOWNTOWN EVANSVILLE - COMMUNITY DEVELOPMENT CORPORATION