DOWNTOWN TAOS 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

2019

Legal Domicile

Principal Officer

JUNIPER LEHERISSEY

Phone

5753053905

Tax Period

2024-07-01 to 2025-06-30

DOWNTOWN TAOS INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $671K in total revenue in fiscal year 2024. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $282K, a strong 42% operating margin.

Mission

OUR MISSION IS TO FACILITATE A SHARED VISION FOR OUR DOWNTOWN, TO ENCOURAGE ECONOMIC VITALITY, AND TO CELEBRATE TAOS CULTURAL AND HISTORICAL ASSETS.

Program Service Accomplishments

Program 1

Expenses: $359,274 Revenue: $204,746

PLANNING AND IMPLEMENTING PROJECTS, COORDINATING EVENTS AND ACTIVITIES, AND DISTRICT CLEANUP TO IMPROVE TAOS MAINSTREET.

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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 $465,962

Program Service Revenue $204,746

Investment Income $0

Other Revenue $0

TOTAL REVENUE $670,708

Expense Breakdown

Grants Paid $46,091

Salaries & Benefits $73,358

Fundraising Expenses $0

Program Expenses $359,274

Other Expenses $269,245

TOTAL EXPENSES $388,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$670,708	$230,884	+1.9%
Expenses	$388,694	$223,402	+0.7%
Net Income	$282,014	$7,482	+36.7%

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

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
ANITA BRINGAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUNIPER LEHERISSEY	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG PATTERSON	DIRECTOR	0.50	Director	$0	$0	$0
CHERYLIN ATCITTY	DIRECTOR	0.50	Director	$0	$0	$0
MARY HUNDZICKER-DUNN	DIRECTOR	0.50	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
2025	$670,708	$388,694	$293,263	$282,014
2024	$230,884	$223,402	$9,019	$7,482