MAIN STREET GLOUCESTER PRESERVATION TRUST (EIN 202744649) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

ADRIANNE JOSEPH

Phone

8048249401

Tax Period

2024-01-01 to 2024-12-31

MAIN STREET GLOUCESTER PRESERVATION TRUST, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $348K in total revenue in fiscal year 2018. Expenses of $307K left a modest 12% surplus.

Mission

TO ENHANCE BUSINESS DEVELOPMENT IN DOWNTOWN GLOUCESTER, VA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,000

Program Service Revenue $0

Investment Income $58

Other Revenue $303,573

TOTAL REVENUE $343,631

Expense Breakdown

Grants Paid $29,679

Salaries & Benefits $165,041

Fundraising Expenses $0

Program Expenses $371,860

Other Expenses $177,140

TOTAL EXPENSES $371,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,631	$51,476	+5.7%
Expenses	$371,860	$326,045	+0.1%
Net Income	$-28,229	$-274,569	-0.9%

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

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

$72,136

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIANNE JOSEPH	CHAIRMAN	0.00	Director	$0	$0	$0
KIM HENSLEY	VICE-CHAIRMAN	0.00	Director	$0	$0	$0
DAVID BROWN	SECRETARY	0.00	Director	$0	$0	$0
DAVID HUDSON	TREASURER	0.00	Director	$0	$0	$0
JENNY CRITTENDEN	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVE S KEEL	BOARD MEMBER	0.00	Director	$0	$0	$0
CINDY JENKINS	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN MILNER	BOARD MEMBER	0.00	Director	$0	$0	$0
RAYMOND TRIP	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVID RODDY	BOARD MEMBER	0.00	Director	$0	$0	$0
LINDSEY CARNEY	COUNSEL TO THE BOARD	0.00	Director	$0	$0	$0
ROSIE CRAWFORD	BOOKKEEPER	0.00	Director	$0	$0	$0
LILLIE GOODRICH	BOARD MEMBER	0.00	Director	$0	$0	$0
LENA WEISMAN	EXECUTIVE DIRECTOR	40.00	Officer	$18,264	$0	$18,264
ASHLEY GILMARTIN	EXECUTIVE DIRECTOR	40.00	Officer	$53,872	$0	$53,872

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	$343,631	$371,860	$3,897,979	$-28,229
2023	$51,476	$326,045	$3,929,750	$-274,569
2022	$289,869	$585,326	$4,282,338	$-295,457
2021	$669,746	$412,483	$4,544,750	$257,263
2021	$669,746	$412,483	$4,544,750	$257,263
2020	$831,597	$662,555	$4,272,456	$169,042
2019	$206,129	$370,535	$4,096,190	$-164,406
2018	$348,080	$306,838	$4,260,596	$41,242

MAIN STREET GLOUCESTER PRESERVATION TRUST