INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION (EIN 833016553) - 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

DAVID DOWNEY

Phone

2023936801

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION, founded in 2018, is a community nonprofit in the International Affairs sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $869K, a strong 66% operating margin.

Mission

INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION (FOUNDATION) IS A CHARITABLE ORGANIZATION ESTABLISHED TO WORK IN COLLABORATION WITH INTERNATIONAL DOWNTOWN ASSOCIATION (IDA) TO PROVIDE SUPPORT FOR THE OPERATION OF CHARITABLE AND EDUCATIONAL PROGRAMS.

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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 $1,314,323

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,314,323

Expense Breakdown

Grants Paid $327,980

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $424,132

Other Expenses $116,850

TOTAL EXPENSES $444,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,314,323	$600,000	+1.2%
Expenses	$444,830	$487,884	-0.1%
Net Income	$869,493	$112,116	+6.8%

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

N/A

Volunteers

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

$317,863

Total Directors

$317,863

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DOWNEY	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$26,004	$317,863
DAVON BARBOUR	BOARD MEMBER	1.00	Director	$0	$0	$0
RAPHAEL CLEMENTE	BOARD MEMBER	1.00	Director	$0	$0	$0
BETSY BRENNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY TAFT	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,314,323	$444,830	$1,478,133	$869,493
2022	$600,000	$487,884	$658,906	$112,116
2021	$501,500	$21,347	$501,233	$480,153

INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION