Oldtown Salinas Association
Nonprofit profile at a glance
- EIN
- 942398720
- IRS 990-EZ coverage
- 2012–2015
- Forms available
- Form 990 2011, Form 990-EZ 2015
- Location
- Salinas, CA, USA
- Phone
- 8317580725
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Neighborhood, Block Associations
Reported finances
- Revenue
- $132,432
- Expenses
- $121,147
- Assets
- $40,146
- Liabilities
- $25,552
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Ken Steen (President)
- Margaret D'Arrigo Martin (Vice President)
People named in this filing
- Amit Pandya (Director)
- Frank Savino (Director)
- Ken Steen (President)
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 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and enhance Oldtown Salinas, provide its members with a unified effort to sustain and expand commercial activity, and facilitate a lively, safe and clean downtown environment.
What it reported doing in 2015
Economic Development: The Executive Director remained actively involved in the Business Development Task Force to monitor city policies that affect business development, retention, and attraction in the downtown area. Regular interaction and coalition building between the association and the Salinas Valley Chamber of Commerce, Salinas Unified Business Association, and the City of Salinas resulted in a consolidation of resources and energy to help create a business-friendly and inviting climate for new and existing businesses in Salinas as a whole. The Executive Director has been an active member on the Downtown Salinas Community Board to provide a link between the development of the Chinatown area and Oldtown Salinas.We have taken over day to day control of the Oldtown Marketplace, a certified farmers market, in Oldtown and moved it to Gabilan Street for greater exposure.The Oldtown Salinas Association was able to maintain a balanced budget this 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 46
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.9%; rating input score 60
- Program expense ratio: 65.5%; rating input score 65
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 8.5%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: -9.6% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -1.4% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: -29.1% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 59.9% of revenue deployed · 65.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $79K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2012 to 2015
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.