FAIRFIELD MAIN STREET INC

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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

2007

Legal Domicile

Principal Officer

ROBERT LEVERT

Tax Period

2020-01-01 to 2020-12-31

FAIRFIELD MAIN STREET INC, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $17K in total revenue in fiscal year 2020.

Mission

TO PROMOTE, MAINTAIN AND TO ENHANCE A CULTURALLY SAFE AND ECONOMICALLY VIABLE CENTRAL BUSINESS DISTRICT BY FOCUSING BOTH PUBLIC AND PRIVATE

Program Service Accomplishments

Program 1

Expenses: $3,290

SUPPORT HISTORICAL PERSERVATION OF THE CITY OF FAIRFIELD BY ALLOWING THE USE OF OUR FACILITY FOR ECONOMIC DEVELOPMENT PRESENTATIONS.

Program 2

Expenses: $1,000

CONTINUE SUPPORT OF THE DOWNTOWN AREA AND COMMUNITY OF FAIRFIELD BY ADVERTISING FAIRFIELD MAIN STREET AT THE FAIRFIELD HIGH PREPARATORY SCHOOL FOOTBALL STADIUM.

Program 3

SUPPORT THE CITY OF FAIRFIELDS JOB FAIR AT THE FAIRFIELD CIVIC CENTER FOR JOB OPPORTUNITIES WITHIN THE CITY TO ENHANCE BUSINESS DEVELOPMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $137

Investment Income $0

Other Revenue $-17,155

TOTAL REVENUE $-17,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,290

Other Expenses $5,156

TOTAL EXPENSES $5,156

Year-over-Year Comparison

	2020	2019	Change
Revenue	$-17,018	$-147,288	-0.9%
Expenses	$5,156	$16,136	-0.7%
Net Income	$-22,174	$-163,424	-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

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
JOHNNIE WYATT	MEMBER	1.00	Director	$0	$0	$0
WALTER WORTHAM	MEMBER	4.00	Director	$0	$0	$0
THELMA WILSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ROBERT LEVERT	PRESIDENT	16.00	Officer	$0	$0	$0
STEVE SMITH	TREASURER	8.00	Officer	$0	$0	$0
GLORIA CARTER	SECRETARY	2.00	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
2020	$-17,018	$5,156	$47,414	$-22,174
2019	$-147,288	$16,136	$72,238	$-163,424