LAWRENCEBURG MAIN STREET INC

EIN: 200456048 501(c)(3) Community Improvement

LAWRENCEBURG, IN

Total Revenue
$1,275,231
Total Expenses
$1,223,377
Total Assets
$456,488
Net Assets
$456,288
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
IN
Principal Officer
REBECCA LOVERN
Phone
8125374507
Tax Period
2024-01-01 to 2024-12-31

LAWRENCEBURG MAIN STREET INC, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 4% surplus.

Mission

TO CREATE A POSITIVE ATMOSPHERE FOR DOWNTOWN LAWRENCEBURG: RECRUIT NEW BUSINESS, PROMOTE COMMUNITY PRIDE, DEVELOP ECONOMIC TOOLS TO HELP MAKE LAWRENCEBURG A BETTER PLACE THROUGH OUR PUBLIC/PRIVATE PARTNERSHIP

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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 $1,121,047
Program Service Revenue $139,282
Investment Income $14,902
Other Revenue $0
TOTAL REVENUE $1,275,231

Expense Breakdown

Grants Paid $218,716
Salaries & Benefits $200,446
Fundraising Expenses $0
Program Expenses $1,048,291
Other Expenses $804,215
TOTAL EXPENSES $1,223,377

Year-over-Year Comparison

2024 2023 Change
Revenue $1,275,231 $968,895 +0.3%
Expenses $1,223,377 $1,100,788 +0.1%
Net Income $51,854 $-131,893 -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
10
Independent Members
10
Employees
34
Volunteers
57

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
5
$46,338
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Cone Former Director 40.00
Officer
$46,338 $0 $46,338
Patrice Ligon Board Member 1.00
Director
$0 $0 $0
Kim Sporleder Board Member 1.00
Director
$0 $0 $0
Kim Tremain Treasurer 1.00
Director
$0 $0 $0
Linda Goepper Board Member 1.00
Director
$0 $0 $0
Mary Helen Crook Board Member 1.00
Director
$0 $0 $0
Mike Rauen Jr Board Member 1.00
Director
$0 $0 $0
Kelly Mollaun ExOfficio Board 0.00
Director
$0 $0 $0
Dylan Liddle ExOfficio Board 0.00
Director
$0 $0 $0
Mike Detmer Board Member 0.00
Director
$0 $0 $0
Sharon McAndrews President 1.50
Officer
$0 $0 $0
Rebecca Lovern Director 40.00
Officer
$0 $0 $0
Meghan Shafer Secretary 1.50
Officer
$0 $0 $0
Liz Sedler Vice President 1.50
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 $1,275,231 $1,223,377 $456,488 $51,854
2023 $968,895 $1,100,788 $400,865 $-131,893
2022 $1,000,588 $930,747 $526,996 $69,841
2021 $977,543 $983,488 $459,945 $-5,945
2020 $910,996 $724,585 $471,200 $186,411
2019 $857,008 $833,822 $288,777 $23,186
2018 $674,867 $681,850 $262,722 $-6,983
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