Boston Main Streets Foundation

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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

2005

Legal Domicile

Principal Officer

Burton Gesserman

Phone

6172473434

Tax Period

2024-07-01 to 2025-06-30

Boston Main Streets Foundation, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 256% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 7% surplus.

Mission

TO REVITALIZE CITY OF BOSTON NEIGHBORHOOD MAIN STREETS.

Program Service Accomplishments

Program 1

Expenses: $1,659,778

BUSINESS TECHNOLOGY GRANTS, IMPACT AND INNOVATION GRANTS, AND OTHER BUSINESS ASSISTANCE GRANTS USED TO SUPPORT THE WORK OF THE LOCAL INDEPENDENT CITY OF BOSTON MAIN STREET NEIGHBORHOOD 501(C)(3)...

BUSINESS TECHNOLOGY GRANTS, IMPACT AND INNOVATION GRANTS, AND OTHER BUSINESS ASSISTANCE GRANTS USED TO SUPPORT THE WORK OF THE LOCAL INDEPENDENT CITY OF BOSTON MAIN STREET NEIGHBORHOOD 501(C)(3) CORPORATIONS AND THE BUSINESSES THAT RESIDE THEREIN.

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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 $2,134,593

Program Service Revenue $0

Investment Income $10,397

Other Revenue $0

TOTAL REVENUE $2,144,990

Expense Breakdown

Grants Paid $1,448,419

Salaries & Benefits $395,774

Fundraising Expenses $256,495

Program Expenses $1,659,778

Other Expenses $69,542

TOTAL EXPENSES $2,001,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,144,990	$602,868	+2.6%
Expenses	$2,001,603	$500,553	+3.0%
Net Income	$143,387	$102,315	+0.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$186,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC ESTEVES	Executive Director	40.0	Officer	$180,000	$6,300	$186,300
JOEL SKLAR	PRESIDENT	2.0	Officer Director	$0	$0	$0
DANIEL E ROTTENBERG	SECRETARY	0.5	Officer Director	$0	$0	$0
BURTON GESSERMAN	TREASURER	5.0	Officer Director	$0	$0	$0
CHRIS GEDRICH	TRUSTEE	0.5	Director	$0	$0	$0
KARL SEIDMAN	TRUSTEE	0.5	Director	$0	$0	$0
MICHAEL HUNTER	TRUSTEE	0.5	Director	$0	$0	$0
BEN STARR	TRUSTEE	0.5	Director	$0	$0	$0
ELLEN HANDLY	TRUSTEE	0.5	Director	$0	$0	$0
GUSTAVO QUIROGA	TRUSTEE	0.5	Director	$0	$0	$0
DARRYL FESS	TRUSTEE	0.5	Director	$0	$0	$0
NICK KORN	TRUSTEE (EFF. 01/30/2025)	0.5	Director	$0	$0	$0
MARK ROBERTS	TRUSTEE (EFF. 03/11/2025)	0.5	Director	$0	$0	$0
ELLE MARRONE	TRUSTEE (EFF. 01/30/2025)	0.5	Director	$0	$0	$0
KIRA CHAVES	TRUSTEE (EFF. 01/30/2025)	0.5	Director	$0	$0	$0
GRACE LEE	TRUSTEE (THRU. 01/30/2025)	0.5	Director	$0	$0	$0
PAULO AMADO DE BARROS	TRUSTEE (THRU. 12/31/2024)	0.5	Director	$0	$0	$0
GERI DENTERLEIN	TRUSTEE	0.5	Director	$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
2025	$2,144,990	$2,001,603	$918,399	$143,387
2024	$602,868	$500,553	$598,577	$102,315
2023	$491,594	$544,486	$538,847	$-52,892
2022	$405,557	$181,813	$571,351	$223,744
2021	$53,835	$309,288	$368,945	$-255,453
2020	$428,930	$622,099	$577,598	$-193,169
2019	$205,046	$193,354	$807,736	$11,692
2018	$527,278	$145,441	$779,077	$381,837