THE LOWER TOWN RIVERFRONT CONSERVA… - 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

MARIE KLOPF

Phone

8103978541

Tax Period

2025-01-01 to 2025-12-31

THE LOWER TOWN RIVERFRONT CONSERVANCY, founded in 2020, is a community nonprofit in the Recreation & Sports sector that reported $2.7M in total revenue in fiscal year 2025. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 83% operating margin.

Mission

THE LOWER TOWN RIVERFRONT CONSERVANCY IS ORGANIZED TO ESTABLISH, IMPROVE, OPERATE, MAINTAIN, CONSERVE, AND PRESERVE PUBLICLY ACCESSABLE GREEN SPACE, TRAILS AND PATHWAYS, AND PARK AMENITIES INITIALLY IN BROADWAY PARK WEST IN ANN ARBOR.

Program Service Accomplishments

Program 1

Expenses: $157,522

WORK IN PROGRESS RELATED TO THE BROADWAY PARK WEST PROJECT IN LOWER TOWN ANN ARBOR TO ESTABLISH, IMPROVE, MAINTAIN, CONSERVE, AND PRESERVE PUBLICLY ACCESSIBLE GREEN SPACE, TRAILS AND PATHEAYS, AND...

WORK IN PROGRESS RELATED TO THE BROADWAY PARK WEST PROJECT IN LOWER TOWN ANN ARBOR TO ESTABLISH, IMPROVE, MAINTAIN, CONSERVE, AND PRESERVE PUBLICLY ACCESSIBLE GREEN SPACE, TRAILS AND PATHEAYS, AND PARK AMENITIES ALONG THE HURON RIVER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,505,754

Program Service Revenue $0

Investment Income $213,661

Other Revenue $-66,401

TOTAL REVENUE $2,653,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,627

Fundraising Expenses $146,322

Program Expenses $157,522

Other Expenses $248,895

TOTAL EXPENSES $446,522

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,653,014	$1,642,366	+0.6%
Expenses	$446,522	$389,822	+0.1%
Net Income	$2,206,492	$1,252,544	+0.8%

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

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

$185,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE KLOPF	PRESIDENT	40.00	Officer	$161,888	$23,112	$185,000
KAITLYN HORBEL	SECRETARY	0.25	Officer	$0	$0	$0
STACY FOX	CHAIR	2.00	Officer Director	$0	$0	$0
SUSAN POLLAY	TREASURER	1.00	Officer Director	$0	$0	$0
LEE BERRY	BOARD MEMBER	0.25	Director	$0	$0	$0
HENRY DECKER	BOARD MEMBER	0.25	Director	$0	$0	$0
ANNE COOPER	BOARD MEMBER	0.25	Director	$0	$0	$0
JIM KOSTEVA	BOARD MEMBER	0.25	Director	$0	$0	$0
MARK WALLACE	BOARD MEMBER	0.25	Director	$0	$0	$0
ANTHONY TOMCZAK	BOARD MEMBER	0.25	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	$2,653,014	$446,522	$25,834,368	$2,206,492
2024	$1,642,366	$389,822	$21,546,533	$1,252,544
2023	$10,660,136	$412,883	$20,230,660	$10,247,253
2022	$10,001,000	$22,750	$9,988,921	$9,978,250

THE LOWER TOWN RIVERFRONT CONSERVANCY