MAIN STREET PORT CLINTON INC (EIN 201442306) - 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

Formation Year

2004

Legal Domicile

Principal Officer

NICK MARSICO

Phone

4197345503

Tax Period

2023-04-01 to 2024-03-31

MAIN STREET PORT CLINTON INC, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $69K exceeded revenue, resulting in a 84% operating deficit.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO PRESERVE AND REVITALIZE HISTORICAL DOWNTOWN PORT CLINTON.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,750

Program Service Revenue $0

Investment Income $562

Other Revenue $26,028

TOTAL REVENUE $37,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,375

Other Expenses $68,545

TOTAL EXPENSES $68,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,340	$67,492	-0.4%
Expenses	$68,545	$62,102	+0.1%
Net Income	$-31,205	$5,390	-6.8%

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

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
JAN GLUTH	Secretary	1.00	Officer Director	$0	$0	$0
MIKE ZIPFEL	Vice President	2.00	Officer Director	$0	$0	$0
MIKE RODER	Treasurer	2.00	Officer Director	$0	$0	$0
JAMIE POLTER	Director	1.00	Director	$0	$0	$0
NICK MARSICO	President	5.00	Officer Director	$0	$0	$0
KENN BOWER JR	Director	1.00	Director	$0	$0	$0
BRENNAN MADISON	Director	1.00	Director	$0	$0	$0
RENEE BOLTE-STINE	Director	1.00	Director	$0	$0	$0
RICK RUDOLPH	Director	1.00	Director	$0	$0	$0
NICOLE KOCHENSPARGER	PROGRAM MANAGER	5.00	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	$37,340	$68,545	$46,704	$-31,205
2023	$67,492	$62,102	$49,837	$5,390
2022	$80,571	$40,326	$57,875	$40,245

MAIN STREET PORT CLINTON INC