BOONTON MAIN STREET INC

EIN: 061639961 501(c)(3) Community Improvement

BOONTON, NJ

Total Revenue
$669,180
Total Expenses
$443,710
Total Assets
$234,022
Net Assets
$234,022
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NJ
Principal Officer
DAVID KOCH
Phone
9732579107
Tax Period
2020-01-01 to 2020-12-31

BOONTON MAIN STREET INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $669K in total revenue in fiscal year 2020. Revenue surged 1570% from the prior year, signaling strong growth momentum. The organization ran a surplus of $225K, a strong 34% operating margin.

Mission

TO PROMOTE THE HISTORIC PRESERVATION OF, TO REMEDIATE THE DETERIORATION OF AND TO DISSEMINATE INFORMATION ABOUT BOONTON'S HISTORIC DOWNTOWN AREA.

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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 (2020)

Revenue Breakdown

Contributions & Grants $669,180
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $669,180

Expense Breakdown

Grants Paid $333,937
Salaries & Benefits $41,505
Fundraising Expenses $0
Program Expenses $443,710
Other Expenses $68,268
TOTAL EXPENSES $443,710

Year-over-Year Comparison

2020 2019 Change
Revenue $669,180 $40,060 +15.7%
Expenses $443,710 $36,475 +11.2%
Net Income $225,470 $3,585 +61.9%
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
8
Independent Members
8
Employees
1
Volunteers
5

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
0
$0
Total Directors
9
$37,346
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANKIE MCDONALD PRESIDENT 0.00
Director
$0 $0 $0
JANE CONWAY VICE PRESIDENT 0.00
Director
$0 $0 $0
LAUREL DURENBERGER SECRETARY 0.00
Director
$0 $0 $0
MARTA PASCARELLA TREASURER 0.00
Director
$0 $0 $0
MARIE DEVENEZLA LIASON 0.00
Director
$0 $0 $0
MARK HETTRICH BOARD MEMBER 0.00
Director
$0 $0 $0
MICKEY CHOPRA BOARD MEMBER 0.00
Director
$0 $0 $0
STEVEN KAMPSCHMIDT EXECUTIVE DIRECTOR 0.00
Director
$0 $0 $0
LAURA WAGNER DIRECTOR 20.00
Director
$37,346 $0 $37,346
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
2020 $669,180 $443,710 $234,022 $225,470
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