THE DOWNTOWN CHATTANOOGA BUSINESS … - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

STEVE BROOKES

Phone

4232279078

Tax Period

2023-07-01 to 2024-06-30

THE DOWNTOWN CHATTANOOGA BUSINESS IMPROVEMENT DISTRICT BOARD, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $919K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE DOWNTOWN CHATTANOOGA ALLIANCE IS A BUSINESS IMPROVEMENT DISTRICT THAT WORKS TO KEEP DOWNTOWN CHATTANOOGA CLEAN, SAFE, AND WELCOMING FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $911,586 Revenue: $885,195

WORK WITH AMBASSADORS TO CLEAN DOWNTOWN AREA OF TRASH AND GRAFFITI, TO PROVIDE BEAUTIFICATION, TO DEVELOP RELATIONSHIPS WITH ALL VISITORS, AND TO MONITOR THE AREA FOR POTENTIAL SAFETY CONCERNS.

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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 $25,000

Program Service Revenue $885,195

Investment Income $8,521

Other Revenue $0

TOTAL REVENUE $918,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,847

Fundraising Expenses $6,642

Program Expenses $911,586

Other Expenses $889,299

TOTAL EXPENSES $1,022,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$918,716	$879,825	+0.0%
Expenses	$1,022,146	$1,030,347	0.0%
Net Income	$-103,430	$-150,522	-0.3%

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

$113,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD PHILLIPS	CHAIRMAN	4.00	Officer Director	$0	$0	$0
SUSAN HARRIS	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
ADAM KINSEY	SECRETARY	4.00	Officer Director	$0	$0	$0
GORDON STALANS	TREASURER	4.00	Officer Director	$0	$0	$0
GREG MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DARIN LEDFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
RAQUETTA DOTLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
KEELI CREWE	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY FITZGERALD	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN LOVE	BOARD MEMBER	2.00	Director	$0	$0	$0
EVANN FREEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM MARSHALL	BOARD MEMBER	2.00	Director	$0	$0	$0
BRANDY BURGANS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN CLARK	BOARD MEMBER	2.00	Director	$0	$0	$0
SEAN O'BRIEN	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE BROOKES	EXECTIVE DIRECTOR	40.00	Officer	$105,000	$8,792	$113,792

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	No data	No data	No data	No data
2024	$918,716	$1,022,146	$661,622	$-103,430
2023	$879,825	$1,030,347	$837,626	$-150,522
2022	$1,079,150	$513,152	$931,038	$565,998
2021	$928,544	$1,027,581	$1,283,165	$-99,037
2020	$976,900	$474,437	$596,216	$502,463

THE DOWNTOWN CHATTANOOGA BUSINESS IMPROVEMENT DISTRICT BOARD