Downtown City Center Development Corporation (EIN 834075614) - 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

Paul Lushin

Phone

3178444605

Tax Period

2020-01-01 to 2020-12-31

Downtown City Center Development Corporation, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2020. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $4.4M exceeded revenue, resulting in a 78% operating deficit.

Mission

Downtown City Center Development Corporation seeks to improve conditions around the City of Carmel through development, more specifically by financing construction projects that further the cultural, economic, and aesthetic standards of the City of Carmel.

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,291,705

Program Service Revenue $0

Investment Income $0

Other Revenue $162,979

TOTAL REVENUE $2,454,684

Expense Breakdown

Grants Paid $4,374,858

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,374,858

Other Expenses $0

TOTAL EXPENSES $4,374,858

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,454,684	$14,654,740	-0.8%
Expenses	$4,374,858	$12,627,805	-0.7%
Net Income	$-1,920,174	$2,026,935	-1.9%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Lushin	Director	1	Officer	$0	$0	$0
Jim Winner	Director	1	Officer	$0	$0	$0
Dubbie Buckler	President	1.0	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
2020	$2,454,684	$4,374,858	$106,761	$-1,920,174
2019	$14,654,740	$12,627,805	$2,026,935	$2,026,935

Downtown City Center Development Corporation