MAIN STREET COMMUNITY FOUNDATION INC

EIN: 061433299 501(c)(3) Philanthropy & Grantmaking

BRISTOL, CT

Total Revenue
$5,724,109
Total Expenses
$2,734,159
Total Assets
$37,454,299
Net Assets
$37,263,767
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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
1995
Legal Domicile
CT
Principal Officer
SUSAN SADECKI
Phone
8605836363
Tax Period
2024-01-01 to 2024-12-31

MAIN STREET COMMUNITY FOUNDATION INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 52% operating margin.

Mission

INSPIRING DONORS AND COMMUNITY PARTNERS TO FOSTER A SUSTAINABLE LEGACY OF IMPACTFUL GIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,645,415
Program Service Revenue $215,065
Investment Income $2,861,971
Other Revenue $1,658
TOTAL REVENUE $5,724,109

Expense Breakdown

Grants Paid $1,606,491
Salaries & Benefits $691,439
Fundraising Expenses $56,813
Program Expenses $2,049,107
Other Expenses $436,229
TOTAL EXPENSES $2,734,159

Year-over-Year Comparison

2024 2023 Change
Revenue $5,724,109 $3,623,011 +0.6%
Expenses $2,734,159 $2,388,609 +0.1%
Net Income $2,989,950 $1,234,402 +1.4%
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

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Governance

Voting Members
21
Independent Members
20
Employees
7
Volunteers
120

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
6
$198,282
Total Directors
22
$198,282
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN SADECKI PRESIDENT & CEO 38.00
Officer Director
$189,219 $9,063 $198,282
DANIEL J DAIGLE CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
KATHRYN C REINHARD VICE CHAIR 2.00
Officer Director
$0 $0 $0
SCOTT FOURNIER PAST CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
KYLE S BIDDICK TREASURER 2.00
Officer Director
$0 $0 $0
WILLIAM R MICARI SECRETARY 2.00
Officer Director
$0 $0 $0
MEGAN E ALBANESE DIRECTOR 1.00
Director
$0 $0 $0
JARRE B BETTS DIRECTOR 1.00
Director
$0 $0 $0
BRENT T DAVENPORT DIRECTOR 1.00
Director
$0 $0 $0
VIRGINIA FITZGERALD DIRECTOR 1.00
Director
$0 $0 $0
ANDREA LANESE DIRECTOR 1.00
Director
$0 $0 $0
MARK MALLEY DIRECTOR 1.00
Director
$0 $0 $0
MARK MORIARTY DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER O'CONNOR DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE M PASSINI DIRECTOR 1.00
Director
$0 $0 $0
JOHN D SCARRITT DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL F SWEENEY DIRECTOR 1.00
Director
$0 $0 $0
ANDREA WASLEY DIRECTOR 1.00
Director
$0 $0 $0
REBECCA B ZAPPONE DIRECTOR 1.00
Director
$0 $0 $0
WYLAND DALE CLIFT DIRECTOR 1.00
Director
$0 $0 $0
PAULA KNIGHT DIRECTOR 1.00
Director
$0 $0 $0
MARGUERITE P FLETCHER DIRECTOR (UNTIL 03/24) 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 $5,724,109 $2,734,159 $37,454,299 $2,989,950
2023 $3,623,011 $2,388,609 $33,654,359 $1,234,402
2022 $3,587,205 $2,284,103 $29,719,094 $1,303,102
2021 $4,850,372 $2,082,497 $34,663,882 $2,767,875
2020 $3,524,656 $1,969,425 $30,340,095 $1,555,231
2019 $3,248,868 $1,943,864 $27,423,727 $1,305,004
2018 $3,116,030 $1,717,953 $22,492,640 $1,398,077
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