BUILD UP DOWNTOWN INC

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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

2021

Legal Domicile

Principal Officer

Linzee Ott

Phone

9042068540

Tax Period

2023-01-01 to 2023-12-31

BUILD UP DOWNTOWN INC, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $251K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $243K left a modest 3% surplus.

Mission

To facilitate and advocate for preservation, smart development, and great public spaces in Downtown Jacksonville, Florida.

Program Service Accomplishments

Program 1

Expenses: $242,881

Recruited and informed interested developers, investors, businesses, and property owners to Downtown Jacksonville; facilitated applications for development with the Downtown Investment Authority...

Recruited and informed interested developers, investors, businesses, and property owners to Downtown Jacksonville; facilitated applications for development with the Downtown Investment Authority; educated and communicated with the greater Northeast Florida community about developments, project updates, and activities within Downtown Jacksonville; and contributed to communitywide efforts for Downtown revitalization.

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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 (2023)

Revenue Breakdown

Contributions & Grants $250,624

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $250,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,252

Fundraising Expenses $0

Program Expenses $242,881

Other Expenses $91,353

TOTAL EXPENSES $242,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,624	$296,274	-0.2%
Expenses	$242,881	$277,938	-0.1%
Net Income	$7,743	$18,336	-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

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

$58,538

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allan DeVault	Executive Director	40.00	Highest	$75,385	$0	$75,385
Laura Edgecombe	Director of Development	40.00	Key Emp	$58,538	$0	$58,538
Andy Allen	Secretary	0.00	Director	$0	$0	$0
Matt Brockelman	Treasurer	0.00	Director	$0	$0	$0
Alex Sifakis	President	0.00	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
2023	$250,624	$242,881	$46,489	$7,743
2022	$296,274	$277,938	$110,079	$18,336