DOWNTOWN PHOENIX INC (EIN 860673650) - 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

1990

Legal Domicile

Principal Officer

DEVNEY MAJERLE

Phone

6027446403

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN PHOENIX INC, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2024. Expenses of $5.1M left a modest 9% surplus.

Mission

TO PROVIDE ENHANCED SERVICES TO THE DOWNTOWN PHOENIX CORE AREA

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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 $5,235,518

Program Service Revenue $387,513

Investment Income $6,030

Other Revenue $11,496

TOTAL REVENUE $5,640,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,336,851

Fundraising Expenses $24,978

Program Expenses $4,022,062

Other Expenses $1,771,513

TOTAL EXPENSES $5,108,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,640,557	$5,524,073	+0.0%
Expenses	$5,108,364	$5,345,566	0.0%
Net Income	$532,193	$178,507	+2.0%

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

Volunteers

264

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

$242,387

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE EBERT	CHAIR	1.00	Officer Director	$0	$0	$0
DIANE HALLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER KANE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEN VAN WINKLEJR	SECRETARY	1.00	Officer Director	$0	$0	$0
STACY DERSTINE	TREASURER	1.00	Officer Director	$0	$0	$0
CINDY DACH	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK HALL	DIRECTOR	1.00	Director	$0	$0	$0
DON GARNER	DIRECTOR	1.00	Director	$0	$0	$0
EVA OLIVAS	DIRECTOR	1.00	Director	$0	$0	$0
HON KATE GALLEGO	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BARTON	DIRECTOR	1.00	Director	$0	$0	$0
JIM PITMAN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE JARDINE	DIRECTOR	1.00	Director	$0	$0	$0
MARIA CHAVIRA	DIRECTOR	1.00	Director	$0	$0	$0
MO STEIN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ROMANE	DIRECTOR	1.00	Director	$0	$0	$0
RICK NAIMARK	DIRECTOR	1.00	Director	$0	$0	$0
RON PRICE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE VASQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
TERRY BURKE	DIRECTOR	1.00	Director	$0	$0	$0
DEVNEY MAJERLE	PRESIDENT/CEO	40.00	Officer	$234,942	$7,445	$242,387
RICHARD PRICE	CGO	40.00	Highest	$157,190	$9,645	$166,835
SUZANNE HERRMANN	CONTROLLER	40.00	Highest	$108,808	$8,225	$117,033
MARK HUTFLESZ	SENIOR DIRECTOR, STREET OPERATIONS	40.00	Highest	$100,686	$16,234	$116,920

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	$5,640,557	$5,108,364	$3,828,420	$532,193
2023	$5,524,073	$5,345,566	$3,420,717	$178,507
2022	$5,691,701	$4,290,219	$2,328,732	$1,401,482
2021	$3,711,813	$3,600,863	$1,235,093	$110,950
2020	$4,065,069	$4,059,869	$1,139,020	$5,200
2019	$4,162,282	$4,270,780	$1,134,793	$-108,498
2018	$4,115,892	$3,957,477	$1,175,813	$158,415

DOWNTOWN PHOENIX INC