Crossroads Downtown Partnership

Nonprofit profile at a glance

EIN
272903936
IRS 990-EZ coverage
2014–2020
Forms available
Form 990-EZ 2020, Form 990-N 2013
Location
Morristown, TN, USA
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$88,314
Expenses
$92,627
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • JAKE STOKELY (PRESIDENT)

People named in this filing

  • BILL BRITTAIN (BOARD MEMBER)
  • ANNE G ROSS (SECRETARY)
  • JIM MCGHEE (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The crossroads partnership is a public-private leadership group dedicated to improving the appearance, value and quality of morristown's central business district, the new 'crossroads district" through preservation, revitalization and economic development.

What it reported doing in 2020

Launching the new farmers market pavilion - worked with the city of morristown to launch the new farmers market pavilion that was completed and opened in july 2015. As noted in 2014, wrote and was awarded to the city a 100,000 grant that was about 1/5 of the expenditure for the new facility. We manage that facility on behalf of the city for the end of the market season, and for firewood sales over the winter. We continue the senior nutrition program voucher program with the morristown hamblen health department whereby eligible seniors could purchase locally grown fresh fruits and vegetables. Worked with a committee of farmers, councilpersons and others to redraft the city ordinance regarding the farmers market that was enacted in 2016. Applied for and approved for the market to have snap benefits for its customers and was accepted into the aarp fresh savings program. Helped with the tn department of agriculture and farmers market media day - not only did local farmers participate but also the two high school ag classes participated. With grant funds, provided a weatherproof message board and bike racks for the new facility. We held the first farm to table dinner at the new facility in september, 2016. All of these programs with the farmers' market continue throughout 2019.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 20
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -4.9%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 34.3%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 5.6% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: -8.6% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $93K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2014 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.