MIDLAND STREET MERCHANTS (EIN 200046602) - 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

Principal Officer

JAY SAMBORN

Phone

9892398797

Tax Period

2024-01-01 to 2024-12-31

MIDLAND STREET MERCHANTS is a micro nonprofit in the Arts, Culture & Humanities sector that reported $93K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $109K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE ACTIVITIES TO PROMOTE THE MIDLAND STREET BUSINESS DISTRICT IN BAY CITY MICHIGAN. HELP SUPPORT LOCAL BUSINESS AND COMMUNITY INVOLVEMENT AS WELL AS SUPPORT NUMEROUS COMMUNITY ORGANZATIONAL AND COMMUNITY EVENTS.

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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 $0

Program Service Revenue $93,121

Investment Income $0

Other Revenue $0

TOTAL REVENUE $93,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,727

Other Expenses $108,727

TOTAL EXPENSES $108,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,121	$104,597	-0.1%
Expenses	$108,727	$73,872	+0.5%
Net Income	$-15,606	$30,725	-1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY BURLEIGH	SECRETARY	N/A	Officer	$0	$0	$0
GREG KIMBRUE	VICE PRESIDE	N/A	Officer	$0	$0	$0
JAY SAMBORN	PRESIDENT	N/A	Officer	$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
2024	$93,121	$108,727	$30,092	$-15,606
2023	$104,597	$73,872	$45,698	$30,725
2022	$102,430	$87,457	$14,973	$14,973

MIDLAND STREET MERCHANTS