DESTINATION DOWNTOWN SOUTH BOSTON (EIN 861166760) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

LIN HITE

Phone

4345724209

Tax Period

2024-01-01 to 2024-12-31

DESTINATION DOWNTOWN SOUTH BOSTON, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $171K in total revenue in fiscal year 2018. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

PROMOTING THE WELL BEING OF DOWNTOWN SOUTH BOSTON VA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $358,060

Program Service Revenue $22,172

Investment Income $6,470

Other Revenue $0

TOTAL REVENUE $386,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,674

Fundraising Expenses $21,309

Program Expenses $172,157

Other Expenses $172,952

TOTAL EXPENSES $305,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,702	$340,717	+0.1%
Expenses	$305,643	$207,918	+0.5%
Net Income	$81,059	$132,799	-0.4%

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

N/A

Independent Members

N/A

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
LIN HITE	PRESIDENT	3.00	Officer	$0	$0	$0
CHASE WEDDLE	VICE PRESIDENT	3.00	Officer	$0	$0	$0
AMY COLE	SECRETARY	3.00	Officer	$0	$0	$0
LES POWELL	TREASURER	3.00	Officer	$0	$0	$0
TRAVIS MOORE	DIRECTOR	2.00	Director	$0	$0	$0
BOB HUGHES	DIRECTOR	2.00	Director	$0	$0	$0
AMY BARBER	DIRECTOR	2.00	Director	$0	$0	$0
LAKISHA JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
ROBBY MEARS	DIRECTOR	2.00	Director	$0	$0	$0
MONICA MEARS	DIRECTOR	2.00	Director	$0	$0	$0
MALLORY LAWTER	DIRECTOR	2.00	Director	$0	$0	$0
BRANDEE SHARPE	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA HAUGH	DIRECTOR	2.00	Director	$0	$0	$0
ADAM ZIRKLE	DIRECTOR	2.00	Director	$0	$0	$0
TREY BURKHOLDER	DIRECTOR	2.00	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
2024	$386,702	$305,643	$295,773	$81,059
2023	$340,717	$207,918	$214,714	$132,799
2022	$190,486	$187,803	$81,915	$2,683
2021	$187,607	$188,696	$79,232	$-1,089
2020	$161,598	$147,883	$80,321	$13,715
2019	$168,371	$170,713	$66,606	$-2,342
2018	$171,454	$188,364	$68,948	$-16,910

DESTINATION DOWNTOWN SOUTH BOSTON