MAIN STREET LEGAL SERVICES INC

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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

Principal Officer

MARY LU BILEK

Phone

7183404300

Tax Period

2018-01-01 to 2018-12-31

MAIN STREET LEGAL SERVICES INC, founded in 1985, is a small nonprofit in the International Affairs sector that reported $376K in total revenue in fiscal year 2018. Revenue surged 915% from the prior year, signaling strong growth momentum. The organization ran a surplus of $293K, a strong 78% operating margin.

Mission

LAW SCHOOL'S MOTTO, "LAW IN THE SERVICE OF HUMAN NEEDS." MAIN STREET LEGAL SERVICES IS JUSTIFIABLY RECOGNIZED AS ONE OF THE TOP LAW SCHOOL CLINICAL PROGRAMS IN THE COUNTRY. THE CLINICAL FACULTY, INDIVIDUALLY AND COLLECTIVELY, ARE ENGAGED IN A WIDE RANGE OF ACTIVITIES CENTERED ON OUR CLINICAL TEACHING, WORK WITH STUDENTS, AND SOCIAL JUSTICE ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $79,433 Revenue: $228,800

UNDER A STUDENT PRACTICE ORDER AUTHORIZED BY THE NYS SUPREME COURT APPELLATE DIVISION 2D DEPARTMENT, MAIN STREET LEGAL SERVICES, CUNY LAW SCHOOL'S CLINICAL PROGRAM, OPERATES A FULLY FUNCTIONAL LAW...

UNDER A STUDENT PRACTICE ORDER AUTHORIZED BY THE NYS SUPREME COURT APPELLATE DIVISION 2D DEPARTMENT, MAIN STREET LEGAL SERVICES, CUNY LAW SCHOOL'S CLINICAL PROGRAM, OPERATES A FULLY FUNCTIONAL LAW FIRM WITHIN THE LAW SCHOOL, OFFERING STUDENTS A UNIQUE OPPORTUNITY TO PRACTICE PUBLIC INTEREST LAW, BUILD LAWYERING SKILLS, AND GAIN HANDS-ON EXPERIENCE IN A SUPPORTING ENVIRONMENT. MAIN STREET LEGAL SERVICES PROVIDES LEGAL REPRESENTATION TO PEOPLE WHO OTHERWISE WOULD NOT HAVE ACCESS TO LEGAL REPRESENTATION.

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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 (2018)

Revenue Breakdown

Contributions & Grants $146,742

Program Service Revenue $228,800

Investment Income $0

Other Revenue $0

TOTAL REVENUE $375,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,854

Fundraising Expenses $0

Program Expenses $79,433

Other Expenses $11,953

TOTAL EXPENSES $82,807

Year-over-Year Comparison

	2018	2017	Change
Revenue	$375,542	$36,990	+9.2%
Expenses	$82,807	$26,812	+2.1%
Net Income	$292,735	$10,178	+27.8%

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

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

$656,414

Total Directors

$1,365,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY LU BILEK	CHAIRPERSON	0.50	Officer Director	$0	$8,449	$286,921
DONNA LEE	EXECUTIVE DIRECTOR & SECRETARY	0.50	Officer Director	$0	$35,526	$206,105
CAROLYN GEISEL	TREASURER	0.50	Officer Director	$0	$925	$163,388
LISA DAVIS	DIRECTOR	0.50	Director	$0	$8,383	$143,201
CARMEN HUERTAS NOBLE	DIRECTOR	0.50	Director	$0	$22,181	$175,369
RAMZI KASSEM	DIRECTOR	0.50	Director	$0	$8,449	$138,787
JEAN ZORN	DIRECTOR (PART-YEAR)	0.50	Director	$0	$8,271	$200,599
SHARON STAPEL	DIRECTOR	0.50	Director	$0	$0	$0
HARVEY EPSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
PAVITA KRISHNASWAMY	DIRECTOR	0.50	Director	$0	$0	$0
FAREED HAYAT	DIRECTOR	0.50	Director	$0	$0	$51,488

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
2018	$375,542	$82,807	$341,610	$292,735