THE OFFICE OF DOWNTOWN DEVELOPMENT INC (EIN 923609491) - 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

2023

Legal Domicile

Principal Officer

Laura Miller

Phone

8125526441

Tax Period

2024-01-01 to 2024-12-31

THE OFFICE OF DOWNTOWN DEVELOPMENT INC, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $203K in total revenue in fiscal year 2024. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $193K left a modest 5% surplus.

Mission

The Office of Downtown Development's mission and strategic focus is to strengthen the core assets of downtown by revitalizing and enhancing under-activated assets in Columbus, Indiana's Historic Downtown District.

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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 $202,500

Program Service Revenue $0

Investment Income $961

Other Revenue $0

TOTAL REVENUE $203,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,447

Other Expenses $192,721

TOTAL EXPENSES $192,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,461	$100,000	+1.0%
Expenses	$192,721	$84,292	+1.3%
Net Income	$10,740	$15,708	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Griffin	Chairman	0.50	Director	$0	$0	$0
Mary Stroh	Director	0.50	Director	$0	$0	$0
Diane Robbins	Director	0.50	Director	$0	$0	$0
Jeff Wiltrout	Director	0.50	Director	$0	$0	$0
Nick Sprague	Director	0.50	Director	$0	$0	$0
Phil Luzius	Director	0.50	Director	$0	$0	$0
Heather Pope	Director	0.50	Director	$0	$0	$0
Laura Miller	President	1.50	Officer	$0	$0	$0
Steve Sanders	Vice President	1.50	Officer	$0	$0	$0
Surekha DiOrio	Treasurer	1.00	Officer	$0	$0	$0
Kyle Hendrix	Secretary	0.50	Officer	$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	$203,461	$192,721	$241,740	$10,740

THE OFFICE OF DOWNTOWN DEVELOPMENT INC