FAIRFIELD MAIN STREET INC

EIN: 208077283 501(c)(3) Community Improvement

FAIRFIELD, AL

Total Revenue
$-17,018
Total Expenses
$5,156
Total Assets
$47,414
Net Assets
$47,414
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
AL
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 $147K in total revenue in fiscal year 2019.

Mission

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

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Trantor Score

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

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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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
19
Volunteers
7

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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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