MAIN STREET KENT

EIN: 208363768 Community Improvement

KENT, OH

Total Revenue
$281,435
Total Expenses
$279,124
Total Assets
$235,483
Net Assets
$232,073
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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
2006
Legal Domicile
OH
Principal Officer
Heather Malarcik
Phone
3306778000
Tax Period
2025-01-01 to 2025-12-31

MAIN STREET KENT, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $281K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO STIMULATE ECONOMIC DEVELOPMENT IN THE CENTRAL BUSINESS DISTRICT OF KENT THROUGH ORGANIZATION PROMOTION DESIGN AND ECONOMIC RESTRUCTURING AND TO PRESERVE THE HISTORIC CHARACTER OF THE CENTRAL BUSINESS DISTRICT AND TO PROTECT THE FEATURES WHICH DEFINES ITS CHARACTER AND TO EXPAND EXISTING BUILDINGS AND RECRUIT NEW BUSINESS TO COMPLEMENT THE CURRENT BUSINESSES AND TO PRODUCE TANGIBLE AND INTANGIBLE BENEFITS INCLUDING REKINDLING DOWNTOWN COOPERATION AND CIVIC PARTICIPATION ALONG WITH MAKING DOWNTOWN A FUN PLACE TO VISIT AND TO RECEIVE ADMINISTER AND DISTRIBUTE FUNDS IN CONNECTION WITH ANY ACTIVITIES RELATED TO THE ABOVE PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $279,124 Revenue: $0

PROGRAMS TO STIMULATE ECONOMIC DEVELOPMENT IN DOWNTOWN KENT

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $157,660
Investment Income $7,252
Other Revenue $116,523
TOTAL REVENUE $281,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,482
Fundraising Expenses $0
Program Expenses $279,124
Other Expenses $113,642
TOTAL EXPENSES $279,124

Year-over-Year Comparison

2025 2024 Change
Revenue $281,435 $230,798 +0.2%
Expenses $279,124 $250,420 +0.1%
Net Income $2,311 $-19,622 -1.1%
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

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Governance

Voting Members
12
Independent Members
12
Employees
2
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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE BEDER MEMBER 1.00
Director
$0 $0 $0
ERIC HELMSTEDTER MEMBER 1.00
Director
$0 $0 $0
DOMINIQUE BOLLENBACHER MEMBER 1.00
Director
$0 $0 $0
JESSICA RYAN MEMBER 1.00
Director
$0 $0 $0
ED BUTCH PRESIDENT 1.00
Officer Director
$0 $0 $0
ALICIA HALL MEMBER 1.00
Director
$0 $0 $0
COLIN BOYLE TREASURER 2.00
Officer Director
$0 $0 $0
BRIDGET TIPTON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOY PAHLS SECRETARY 2.00
Officer Director
$0 $0 $0
RON PETROSKY MEMBER 1.00
Director
$0 $0 $0
OLIVER WUENSCH DESIGN CHAIR 1.00
Officer Director
$0 $0 $0
JOE ROBINSON MEMBER 1.00
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 $281,435 $279,124 $235,483 $2,311
2024 $230,798 $250,420 $238,370 $-19,622
2023 $253,600 $249,032 $254,515 $4,568
2022 $236,550 $221,401 $249,721 $15,149
2021 $217,878 $198,476 $234,118 $19,402
2019 $236,513 $203,694 $247,641 $32,819
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