DOWNTOWN ALLIANCE INC (EIN 870488670) - 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

1991

Legal Domicile

Principal Officer

DEE BREWER

Phone

8013595118

Tax Period

2022-07-01 to 2023-06-30

DOWNTOWN ALLIANCE INC, founded in 1991, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 7% surplus.

Mission

TO BUILD A DYNAMIC, SAFE, AND DIVERSE DOWNTOWN SALT LAKE CITY COMMUNITY THAT IS THE REGIONAL CENTER FOR CULTURE, COMMERCE, AND ENTERTAINMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,373,344

Program Service Revenue $288,922

Investment Income $202

Other Revenue $0

TOTAL REVENUE $3,662,468

Expense Breakdown

Grants Paid $50,935

Salaries & Benefits $781,508

Fundraising Expenses $0

Other Expenses $2,566,515

TOTAL EXPENSES $3,398,958

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,662,468	$2,960,274	+0.2%
Expenses	$3,398,958	$2,498,826	+0.4%
Net Income	$263,510	$461,448	-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

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

$1,257,267

Total Directors

$521,877

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK MILLER	PRESIDENT &	10.00	Officer Director	$0	$48,163	$521,877
DEE BREWER	EXECUTIVE DI	40.00	Officer	$205,252	$22,192	$227,444
HEIDI WALKER	COO	5.00	Officer	$0	$8,636	$225,065
DANIEL BRIMHALL	CFO	20.00	Officer	$0	$15,862	$167,311
JESSICA THESING	DEPUTY DIREC	40.00	Officer	$94,906	$20,664	$115,570
LLOYD ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON BEHJANI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN CALLISTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDD COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA COVINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLISE FISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARLA GILL	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE GOCHNOUR	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY HAFEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB HITCHCOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY HOOGEVEEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CLARK IVORY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT LYON	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA MILAVETZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STERLING NIELSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY PORTER	PAST CHAIR	1.00	Director	$0	$0	$0
TAYLOR RANDALL	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN ROBEL	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN STARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA WARDELL	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,662,468	$3,398,958	$1,685,368	$263,510
2022	$2,960,274	$2,498,826	$1,440,378	$461,448
2021	$2,249,548	$1,937,343	$1,275,249	$312,205
2020	$1,645,487	$1,462,805	$231,847	$182,682
2019	$1,736,723	$1,783,359	$180,107	$-46,636
2018	$1,870,833	$1,888,839	$244,652	$-18,006

DOWNTOWN ALLIANCE INC