Downtown Revitalization Committee Dba Historic Downtown Strand Ptr

Nonprofit profile at a glance

EIN: 760176830
IRS 990-EZ coverage: 2014–2024
Forms available: Form 990 2019, Form 990-EZ 2024, Form 990-N 2013
Location: Galveston, TX, USA
Phone: 4097899820
Rating: 80
Verdict: STRONG
Rating confidence: Moderate
Sector: Community Improvement, Capacity Building N.E.C.

Reported finances

Revenue: $55,471
Expenses: $22,811
Assets: $122,226
Liabilities: $2,198

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

Tom Schwenk (President)
Keith Bassett (Vice President)

People named in this filing

Mary Jo Naschke (Chairman)
Tom Schwenk (President)
Clyde Wood (Director)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promotion of downtown area

What it reported doing in 2024

Promote historic downtown galveston to the community through publications, promotions, decoration, lighting and special events throughout the year.

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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 - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

Financial Efficiency: 63
Transparency & Controls: 100
Sustainability: 72
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 40.9%; rating input score 41
Program expense ratio: 99.5%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 58.9%; rating input score 93; 93rd percentile among comparable filings
Total-asset coverage ratio: 5.36; rating input score 85; 85th percentile among comparable filings
Liabilities to assets ratio: 0.02; rating input score 26; 26th percentile among comparable filings
Officer compensation ratio: 89.9%; rating input score 0; 0th percentile among comparable filings

Growth

Program expense growth: 0% per year; rating input score 100; 48th percentile among comparable filings
Revenue growth: 3.9% per year; rating input score 100; 67th percentile among comparable filings
Asset growth: 20.8% per year; rating input score 100; 86th percentile among comparable filings

Details

Where the money goes: 40.9% of revenue deployed · 99.5% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $23K in reported program spending
Leadership: top reported pay $0 · 10 people listed
Consistency: 8 of 8 current checks pass
Schedules: 4 filed schedules
Filing history: 8 filing years from 2014 to 2024
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.

Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
High — Sustainability: Officer compensation ratio scored 0/100.
High — Sustainability: Liabilities to assets ratio scored 26/100.