DOWNTOWN CORVALLIS ASSOCIATION INC (EIN 930896252) - 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

1984

Legal Domicile

Principal Officer

FRED EDWARDS

Phone

5417546624

Tax Period

2017-07-01 to 2018-06-30

DOWNTOWN CORVALLIS ASSOCIATION INC, founded in 1984, is a small nonprofit that reported $141K in total revenue in fiscal year 2017. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $190K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO IMPROVE AND PROMOTE THE ECONOMIC, AESTHETIC, AND CULTURAL VITALITY OF DOWNTOWN CORVALLIS AS A REGIONAL 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 (2017)

Revenue Breakdown

Contributions & Grants $71,936

Program Service Revenue $63,650

Investment Income $116

Other Revenue $5,160

TOTAL REVENUE $140,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,888

Fundraising Expenses $0

Program Expenses $120,198

Other Expenses $74,926

TOTAL EXPENSES $189,814

Year-over-Year Comparison

	2017	2016	Change
Revenue	$140,862	$206,293	-0.3%
Expenses	$189,814	$210,009	-0.1%
Net Income	$-48,952	$-3,716	+12.2%

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

1600

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

$94,598

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHELL HOFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE HESSEL	BOARD MEMBER	1.00	Director	$0	$0	$0
LUAN CARONE-RHODES	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY JOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN WESSELL	EXECUTIVE DIRECTOR	40.00	Director	$94,598	$0	$94,598
JENNIFER MORELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
SONIA RUYTS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE HACKENBRUCK	SECRETARY	3.00	Officer	$0	$0	$0
GREG TEUNE	VICE PRESIDENT	3.00	Officer	$0	$0	$0
FRED EDWARDS	PRESIDENT	3.00	Officer	$0	$0	$0
EVAN DEFFENBACHER	TREASURER	3.00	Officer	$0	$0	$0
VERN MCDONALD	TREASURER	3.00	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
2018	$140,862	$189,814	$256,416	$-48,952

DOWNTOWN CORVALLIS ASSOCIATION INC