MAIN STREET WATERBURY INC DBA MAIN STREET WATERBURY

EIN: 010817355 501(c)(3) Education

WATERBURY, CT

Total Revenue
$121,334
Total Expenses
$96,114
Total Assets
$60,674
Net Assets
$41,682
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CT
Principal Officer
LYNN WARD
Phone
2037570701
Tax Period
2023-07-01 to 2024-06-30

MAIN STREET WATERBURY INC DBA MAIN STREET WATERBURY, founded in 1985, is a small nonprofit in the Education sector that reported $121K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 21% operating margin.

Mission

REVITALIZE & PRESERVE DOWNTOWN WATERBURY THROUGH IMPROVING ITS PHYSICAL APPEARANCE, PROMOTING ITS ARCHITECTURAL AND CULTURAL ASSETS, ORGANIZING VOLUNTEER INITIATIVES & SPONSORING EVENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $75,000
Program Service Revenue $0
Investment Income $0
Other Revenue $46,334
TOTAL REVENUE $121,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,575
Fundraising Expenses $0
Program Expenses $86,114
Other Expenses $94,539
TOTAL EXPENSES $96,114

Year-over-Year Comparison

2023 2022 Change
Revenue $121,334 $93,593 +0.3%
Expenses $96,114 $86,710 +0.1%
Net Income $25,220 $6,883 +2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
16
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN SPRANO PRESIDENT 1.00
Officer Director
$0 $0 $0
JIM O'ROURKE TREASURER 1.00
Officer Director
$0 $0 $0
JOE MCGRATH BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER PRICE BOARD MEMBER 1.00
Director
$0 $0 $0
LINDSEY ROSA BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL WALLACE-SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN RUSH NATALE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHEAL BATISTA BOARD MEMBER 1.00
Director
$0 $0 $0
LYNNETTE PIOMBO BOARD MEMBER 1.00
Director
$0 $0 $0
ZACHARY KEITH SECRETARY 1.00
Officer Director
$0 $0 $0
LYNN WARD CHIEF EXECUTIVE OFFICER 15.00
Officer Director
$0 $0 $0
MATT BYRNE BOARD MEMBER 1.00
Director
$0 $0 $0
FARID CABRERA BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN FAMIGLIETTI BOARD MEMBER 1.00
Director
$0 $0 $0
JUDY RUSH BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA TAMBURRI BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $121,334 $96,114 $60,674 $25,220
2023 $93,593 $86,710 $94,227 $6,883
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