KENT DOWNTOWN PARTNERSHIP (EIN 911573465) - 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

1992

Legal Domicile

Principal Officer

DOUG SCHARNHORST

Phone

2538136976

Tax Period

2024-01-01 to 2024-12-31

KENT DOWNTOWN PARTNERSHIP, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $296K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $81K, a strong 27% operating margin.

Mission

TO MAINTAIN AND ENHANCE DOWNTOWN KENT, WASHINGTON

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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 $282,107

Program Service Revenue $0

Investment Income $0

Other Revenue $14,127

TOTAL REVENUE $296,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,347

Fundraising Expenses $30,346

Program Expenses $129,944

Other Expenses $53,424

TOTAL EXPENSES $214,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,234	$765,772	-0.6%
Expenses	$214,771	$473,431	-0.5%
Net Income	$81,463	$292,341	-0.7%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONI TROUTNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA GOLLEY	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
JEFF MIDDLETON	PRIOR PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG SCHARNHORST	TREASURER	1.00	Officer Director	$0	$0	$0
ERIK OLSEN	LEGAL COUNSEL	1.00	Director	$0	$0	$0
ELIZABETH SCHARNHORST	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DILLON STEARNS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GROSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE CAMERON	DIRECTOR	1.00	Director	$0	$0	$0
GREG HAFFNER	DIRECTOR	1.00	Director	$0	$0	$0
DIANE WHITELEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WILMOT	DIRECTOR	1.00	Director	$0	$0	$0
JUDY WOODS	DIRECTOR	1.00	Director	$0	$0	$0
SOULEYMANE TIENDREBEOGO	DIRECTOR	1.00	Director	$0	$0	$0
JOY CORTADO	DIRECTOR	1.00	Director	$0	$0	$0
KAKI KRESTERSON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY SPREITZER	DIRECTOR	1.00	Director	$0	$0	$0
ZENOVIA HARRIS	DIRECTOR	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	$296,234	$214,771	$695,329	$81,463
2023	$765,772	$473,431	$602,218	$292,341
2022	$270,553	$211,003	$308,253	$59,550
2021	$301,160	$223,381	$255,610	$77,779
2020	$397,044	$385,440	$204,654	$11,604
2019	$249,111	$263,350	$168,481	$-14,239
2018	$278,222	$284,985	$179,234	$-6,763

KENT DOWNTOWN PARTNERSHIP