Downtown Brookings (EIN 922921941) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

Phone

6056201685

Tax Period

2023-01-01 to 2023-12-31

Downtown Brookings, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $298K in total revenue in fiscal year 2023. The organization ran a surplus of $158K, a strong 53% operating margin.

Mission

Downtown Brookings creates economic vitality by educating, connecting, and creating opportunity. The Board of Directors and ExecutiveDirector conduct the economic vitality activities. Economic vitality activities take place in the Central Business District of Brookings, SD. Fiftypercent of the time is allocated to economic vitality. The activity is funded through donations, grants, fees, and municipal funds. Economicvitality furthers our exempt purpose by sharing information and resources, identifying economic opportunities, partnering with area organizationsand government bodies, and creating a supportive environment to help new and existing businesses thrive, including informational booklets andbusiness development education.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $285,970

Program Service Revenue $11,742

Investment Income $27

Other Revenue $256

TOTAL REVENUE $297,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,490

Fundraising Expenses $0

Program Expenses $81,164

Other Expenses $96,356

TOTAL EXPENSES $139,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$297,995	N/A	N/A
Expenses	$139,846	N/A	N/A
Net Income	$158,149	N/A	N/A

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

N/A

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

$36,094

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kirsten Gjesdal	Executive Dir.	30.00	Officer	$36,094	$0	$36,094
Renee Bauman	President	1.00	Officer Director	$0	$0	$0
Nathaniel Condelli	Treasurer	1.00	Officer Director	$0	$0	$0
Tom Fishback	Vice President	1.00	Officer Director	$0	$0	$0
Kerrie Vilhauer	Secretary	1.00	Officer Director	$0	$0	$0
Samantha Beckman	Director	1.00	Director	$0	$0	$0
Laci Dahl Thompson	Past President	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
2023	$297,995	$139,846	$159,046	$158,149

Downtown Brookings