MAIN STREET CROSSING

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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

2003

Legal Domicile

Principal Officer

RICHARD DAVIS

Phone

2819895520

Tax Period

2023-01-01 to 2023-12-31

MAIN STREET CROSSING, founded in 2003, is a micro nonprofit in the Religion sector that reported $85K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $133K exceeded revenue, resulting in a 56% operating deficit.

Mission

MAIN STREET CROSSING SUPPORTS CHARITABLE AND RELIGIOUS ACTIVITIES BY CO-LOCATING MULTIPLE SMALL COMMUNITY CHURCHES WITH LITTLE OR NO COST TO THESE CHURCHES. IT ALLOWS THESE SMALL CHURCHES TO CARRY OUT THEIR BENEVOLENCE & EVANGELISTIC ACTIVITIES FOR (CONTINUED ON SCHEDULE O)THE SURROUNDING COMMUNITIES. ADDITIONALLY, TO BOLSTER CHURCH COMMUNITY VIA CONCERT ATTENDANCE. MAIN STREET CROSSING ALSO PROVIDES GRANTS TO OTHER 501C3 ORGANIZATIONS AND INDIGENT INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $83,807

GRANTS TO NONPROFITS AND INDIGENT INDIVIDUALS.

Program 2

Expenses: $43,784

PROVIDING CHURCH BUILDING/FACILITIES AND OTHER ASSISTANCE TO SONDAY'S CHURCH COMMUNITY IN TOMBALL, TEXAS. SONDAY'S CHURCH HAS PROVIDED CHURCH BUILDING FACILITIES AT NO COST BY MAIN STREET CROSSING...

PROVIDING CHURCH BUILDING/FACILITIES AND OTHER ASSISTANCE TO SONDAY'S CHURCH COMMUNITY IN TOMBALL, TEXAS. SONDAY'S CHURCH HAS PROVIDED CHURCH BUILDING FACILITIES AT NO COST BY MAIN STREET CROSSING SINCE 2007. FACILITIES INCLUDE A WORSHIP/TEACHING HALL, KITCHEN FACILITIES, AUDIO/VISUAL CAPABILITIES AND OTHER NECESSARY AMENITIES. THIS IS A CHURCH THAT HAS AN ATTENDEE PROFILE/DEMOGRAPHIC OF TROUBLED PEOPLE. DRUG ADDICTION, CRIME, FAMILY PROBLEMS AND OTHER DISFUCTIONS ARE DOMINANT CHARACTERISTICS OF THIS CHURCH COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $113,056

Program Service Revenue $0

Investment Income $13,791

Other Revenue $-41,720

TOTAL REVENUE $85,127

Expense Breakdown

Grants Paid $83,807

Salaries & Benefits $28,040

Fundraising Expenses $0

Program Expenses $127,591

Other Expenses $20,659

TOTAL EXPENSES $132,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,127	$93,448	-0.1%
Expenses	$132,506	$87,807	+0.5%
Net Income	$-47,379	$5,641	-9.4%

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

N/A

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

$207,741

Total Directors

$208,741

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD DAVIS	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$131,791
KENNETH REYNOLDS	SECRETARY	1.00	Officer Director	$27,040	$0	$75,950
KYLE HUTTON	DIRECTOR	1.00	Director	$1,000	$0	$1,000

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
2024	No data	No data	No data	No data
2023	$85,127	$132,506	$1,495,965	$-47,379
2022	$93,448	$87,807	$1,555,674	$5,641
2021	$53,298	$24,414	$1,572,709	$28,884
2020	$176,416	$78,693	$1,564,156	$97,723