Loveland Downtown Partnership
Nonprofit profile at a glance
- EIN
- 472240377
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Loveland, CO, USA
- Phone
- 9706992856
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Coalitions
Reported finances
- Revenue
- $35,348
- Expenses
- $440,547
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- CAITLIN WYRICK (CHAIR)
- SHANE MCWATTERS (VICE-CHAIR)
- HEATHER LELCHOOK (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create a vibrant downtown that provides a safe, dynamic environment to gather, live, educate, shop, work and play
What it reported doing in 2024
The corporation is organized as a civic league or social welfare organization within the meaning of sec 501(c)(4) irc 1986. The purposes of the corporation are (a) to provide a means for persons interested in the development or redevelopment of the downtown area, to identify, discuss and act to address issues concerning the downtown area; (b) to coordinate activities, projects and programs which will enhance the downtown as a civic, cultural, social, and economic center and a place where people can live, work, conduct business and enjoy a better quality of life; (c) to promote cooperation among the public and private sectors to promote the downtown area; and (d) to encourage the commitment of public and private resources to the planning and development or redevelopment and favorable marketing of the downtown.service contract (annually appropriated) with the city of loveland outlining goals, includinga. Creating a communications and a marketing plan for the downtown.b. Creating a sustainable downtown development authorityc. Administer a facade reimbursement programd. Cultural and civic events/promotions in the downtowne. Education/advocacy for downtown businesses
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 85% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 76
- Accountability: 82
- Sustainability: 10
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 60.2%; rating input score 60; 47th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1,146.3%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 8.9% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 59th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 97% of spending went to programs
- Governance: 8 of 8 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $427K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.