Hastings Downtown Business Association
Nonprofit profile at a glance
- EIN
- 842283406
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Hastings, MN, USA
- Phone
- 6518299670
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Environmental Beautification and Aesthetics
Reported finances
- Revenue
- $61,502
- Expenses
- $45,052
- Assets
- $60,247
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Tatia Nelson (President)
- Jen Fox (Vice President)
People named in this filing
- Tatia Nelson (President)
- Jen Fox (Vice President)
- Wendi Shilts-Johnson (Treasurer)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote, support, and enhance the vitality of Downtown Hastings through community events, beautification projects, and partnerships that benefit local businesses and the public.
What it reported doing in 2025
Holiday Lighting of Downtown In coordination with downtown building owners, the organization oversaw the planning and installation of extensive holiday lighting throughout the historic district. This included rooftop lighting across multiple buildings, illuminated snowflake decorations on lamp posts, and tree lighting in the city park. The display was launched during our Holiday Hoopla celebration on Small Business Saturday and remained installed throughout the winter season, creating a festive and welcoming environment for residents and visitors. The program supports local economic vitality, encourages tourism, and contributes to the beautification of Hastings historic downtown.
Operating model
- Revenue model
- Earned-program. 71% of the money available for current operations came from fees and other program 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
SUPPORTED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 82
- Sustainability: 59
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 46.7%; rating input score 47
- Program expense ratio: 63.8%; rating input score 64
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 26.7%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 1.34; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -15.7% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 30.6% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 46.7% of revenue deployed · 63.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $29K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.