Downtown Elkhart Inc
Nonprofit profile at a glance
- EIN
- 311173964
- IRS 990 coverage
- 2011–2018
- Forms available
- Form 990 2018, Form 990-N 2018
- Location
- Elkhart, IN, USA
- Phone
- 5742932434
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $-9,402
- Expenses
- $2,765
- Assets
- $12,700
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- BILL LAVERY (PAST PRESIDENT)
- FAIZ KHOJA (VICE PRESIDENT)
- BEN DECKER (1ST VICE PRESIDENT)
People named in this filing
- TOM BORGER (BOARD MEMBER)
- TIM SHELLY (BOARD MEMBER)
- GLEN KAUFMANN (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. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Downtown elkhart, inc. Is a local organization whose function is to inspire and facilitate the aesthetic, cultural, civic, social and economic vitality of the downtown core area, enhancing the quality of life of the entire community.
What it reported doing in 2018
Property rehabilitation - rehabilitates real estate properties in the downtown areas.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- 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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 37
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 24.2%; rating input score 24
- Program expense ratio: 83.7%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -129.4%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 4.59; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: -35.5% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: -26.6% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 50th percentile among comparable filings
Details
- Where the money goes: 24.2% of revenue deployed · 83.7% of spending went to programs
- Governance: 8 of 8 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2011 to 2018
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 24/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 15/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.