DOWNTOWN TEMPE AUTHORITY INC (EIN 860745130) - 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

1993

Legal Domicile

Principal Officer

LORI FOSTER

Phone

4803556060

Tax Period

2024-07-01 to 2025-06-30

DOWNTOWN TEMPE AUTHORITY INC, founded in 1993, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024.

Mission

THE DOWNTOWN TEMPE AUTHORITY (DTA) SHALL ACT AS A VEHICLE TO POSITIVELY IMPACT AND DRIVE THE FUTURE OF OUR CITY'S URBAN CENTER AND BE A STEWARD OF THE EXISTING ASSETS AND RESOURCES.

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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 $2,500

Program Service Revenue $3,438,562

Investment Income $76,830

Other Revenue $1,970

TOTAL REVENUE $3,519,862

Expense Breakdown

Grants Paid $108,305

Salaries & Benefits $1,020,221

Fundraising Expenses $0

Other Expenses $2,310,902

TOTAL EXPENSES $3,439,428

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,519,862	$3,360,094	+0.0%
Expenses	$3,439,428	$3,156,678	+0.1%
Net Income	$80,434	$203,416	-0.6%

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

150

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

$178,803

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI FOSTER	EXEC DIR/PRE	40.00	Officer	$155,000	$23,803	$178,803
ANTHONY STRAIT	VP OF OPERAT	40.00	Highest	$132,600	$6,208	$138,808
JANE MITTNESS	CPO	40.00	Highest	$107,000	$24,685	$131,685
KIM DEMERITT	DIRECTOR OF	40.00	Highest	$110,000	$13,228	$123,228
ROBIN ARREDONDO-SAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
JARETT BROCK	CHAIR	1.00	Officer Director	$0	$0	$0
ARLENE CHIN	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN DECKER	DIRECTOR	1.00	Director	$0	$0	$0
LOUISA FALLINE	DIRECTOR	1.00	Director	$0	$0	$0
DANA GILLIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES GOFFNETT	TREASURER	1.00	Officer Director	$0	$0	$0
TIM GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HUELLMANTEL	DIRECTOR	1.00	Director	$0	$0	$0
ROSA INCHAUSTI	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS ISAAK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KAITLIN MYERS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES NEAL	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SATHER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ANGELA TOPOLOSEK	DIRECTOR	1.00	Director	$0	$0	$0
JULIAN WRIGHT	TREASURER	1.00	Officer 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	$3,519,862	$3,439,428	$4,188,798	$80,434
2024	No data	No data	No data	No data
2023	$2,933,931	$2,849,826	$3,225,091	$84,105
2022	$3,042,031	$2,559,817	$3,491,952	$482,214
2021	$2,239,657	$2,014,449	$3,287,901	$225,208
2020	$4,195,314	$3,685,225	$2,339,886	$510,089
2019	$4,778,185	$3,825,713	$3,482,339	$952,472

DOWNTOWN TEMPE AUTHORITY INC