Mount Vernon Downtown Association (EIN 911666512) - 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

1994

Legal Domicile

Principal Officer

JEFF MCINNIS

Phone

3603363801

Tax Period

2024-01-01 to 2024-12-31

Mount Vernon Downtown Association, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $342K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $378K exceeded revenue, resulting in a 10% operating deficit.

Mission

The mission of the Mount Vernon Downtown Association is to cultivate a vibrant and prosperous downtown while honoring its historic character, to preserve and grow the place where community connection happens. Our vision is of a thriving historic downtown Mount Vernon, where all are welcome in the clean, safe, and appealing heart of commerce and culture; a place where the community comes together with pride.

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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 $162,957

Program Service Revenue $127,260

Investment Income $1,824

Other Revenue $50,190

TOTAL REVENUE $342,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,896

Fundraising Expenses $0

Program Expenses $300,601

Other Expenses $152,880

TOTAL EXPENSES $377,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,231	$280,388	+0.2%
Expenses	$377,776	$391,776	0.0%
Net Income	$-35,545	$-111,388	-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

$78,678

Total Directors

$78,678

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN GAMSON	Executive Dir.	45.00	Officer Director	$78,678	$0	$78,678
Brooke Ahleghian-Pressly	Director	5.00	Director	$0	$0	$0
Katie Wagenbach	Director	5.00	Director	$0	$0	$0
Angela Speer	Director	5.00	Director	$0	$0	$0
JEFF MCINNIS	Director	5.00	Director	$0	$0	$0
MEGAN SCOTT-O'BRYAN	Director	5.00	Director	$0	$0	$0
HANNAH LAMAY	President	5.00	Officer Director	$0	$0	$0
Sheena Wilson	Director	5.00	Director	$0	$0	$0
Sarah Parker	Past president	5.00		$0	$0	$0
Rachel Johnson	Former director	0.00		$0	$0	$0
TRINA CARLSON	former director	0.00		$0	$0	$0
JENNIFER COVEY	former director	0.00		$0	$0	$0
Andy Mayer	former director	0.00		$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	$342,231	$377,776	$165,751	$-35,545
2023	$280,388	$391,776	$179,679	$-111,388
2022	$318,077	$322,567	$295,755	$-4,490
2021	$224,478	$213,654	$298,193	$10,824
2020	$240,014	$199,029	$303,884	$40,985
2019	$192,985	$161,269	$134,189	$31,716
2018	$165,087	$120,969	$102,338	$44,118

Mount Vernon Downtown Association