VANCOUVERS DOWNTOWN ASSOCIATION

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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

1989

Legal Domicile

Principal Officer

Michael Walker

Phone

3602581129

Tax Period

2023-01-01 to 2023-12-31

VANCOUVERS DOWNTOWN ASSOCIATION, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $388K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

Incorporated in 1989, Vancouver's Downtown Association (VDA) is a designated Washington Main Street Program that engages in revitalization efforts to keep downtown vibrant. Our initiatives aim to create an appealing employment center, boost foot traffic to small business, and enhance the quality of life for residents.

Program Service Accomplishments

Program 1

Expenses: $309,306 Revenue: $98,692

"The Vancouver Downtown Association (VDA) achieved significant success in three key program areas this calendar year. The expanded Clean & Safe Program has enhanced downtown cleanliness and safety...

"The Vancouver Downtown Association (VDA) achieved significant success in three key program areas this calendar year. The expanded Clean & Safe Program has enhanced downtown cleanliness and safety. VDA launched new business retention efforts through direct grants, offering crucial financial support to local businesses and fostering economic resiliency. Additionally, the VDA moved forward with a variety of placemaking projects like the Main Street Promise infrastructure project which will revitalize the downtown streetscape to create a more pedestrian-friendly and vibrant community center."

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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 $386,863

Program Service Revenue $0

Investment Income $809

Other Revenue $157

TOTAL REVENUE $387,829

Expense Breakdown

Grants Paid $21,500

Salaries & Benefits $152,951

Fundraising Expenses $45,242

Program Expenses $309,306

Other Expenses $250,736

TOTAL EXPENSES $425,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$387,829	$492,086	-0.2%
Expenses	$425,187	$519,735	-0.2%
Net Income	$-37,358	$-27,649	+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

150

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

$90,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Walker	Executive Director	60	Key Emp	$90,000	$0	$90,000
Linda Reid	Secretary	1	Officer Director	$0	$0	$0
Linda Glover	President	2	Officer Director	$0	$0	$0
Marnie Farness	Vice President	1	Director	$0	$0	$0
Shara Wokal	Treasurer	1	Officer Director	$0	$0	$0
Christine Rust	Board member	0	Director	$0	$0	$0
Dan Wyatt Jr	Board member	0	Director	$0	$0	$0
Wendy Marvin	Board member	0	Director	$0	$0	$0
Esther Cho Liu	Board member	0	Director	$0	$0	$0
Michelle Thor	Board member	0	Director	$0	$0	$0
Marianne Wilson Stein	Executive Advisory Member	1	Officer 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
2024	No data	No data	No data	No data
2023	$387,829	$425,187	$356,811	$-37,358
2022	$492,086	$519,735	$410,433	$-27,649
2021	$502,851	$366,523	$422,616	$136,328
2020	$311,267	$318,390	$290,123	$-7,123