HYANNIS MAIN STREET BUSINESS IMPROVEMENT DISTRICT INC (EIN 043490014) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

STAN HODKINSON

Phone

5087757982

Tax Period

2024-07-01 to 2025-06-30

HYANNIS MAIN STREET BUSINESS IMPROVEMENT DISTRICT INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $461K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

THIS ORGANIZATION WAS ORGANIZED FOR THE CIVIC PURPOSE OF PROMOTING, DEVELOPING, AND ADVANCING BUSINESS WITHIN THE DISTRICT IN THE DOWNTOWN AREA OF HYANNIS, MASSACHUSETTS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $146,016

Program Service Revenue $289,878

Investment Income $2,813

Other Revenue $22,366

TOTAL REVENUE $461,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,295

Fundraising Expenses $31,022

Program Expenses $354,851

Other Expenses $258,774

TOTAL EXPENSES $451,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,073	$495,164	-0.1%
Expenses	$451,069	$463,762	0.0%
Net Income	$10,004	$31,402	-0.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID COLOMBO	PRESIDENT	2.00	Officer Director	$0	$0	$0
BETSY YOUNG	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
STAN HODKINSON	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD PENN	DIRECTOR	1.00	Director	$0	$0	$0
AARON WEBB	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LAWLER	DIRECTOR	1.00	Director	$0	$0	$0
PAT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JEN VILLA	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE MCKEON	DIRECTOR	1.00	Director	$0	$0	$0
LYNN MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE PRESCOTT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MARBLE	DIRECTOR	1.00	Director	$0	$0	$0
PAULO PARAGUAY	DIRECTOR	1.00	Director	$0	$0	$0
DHAVAL PRAJAPATI	DIRECTOR	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	$461,073	$451,069	$573,656	$10,004
2024	$495,164	$463,762	$575,034	$31,402
2023	$404,414	$402,706	$511,931	$1,708
2022	$481,405	$401,119	$500,782	$80,286
2021	$399,757	$352,550	$436,890	$47,207
2020	$322,414	$275,994	$368,870	$46,420
2019	$349,313	$313,512	$334,569	$35,801

HYANNIS MAIN STREET BUSINESS IMPROVEMENT DISTRICT INC