MAIN STREET KENT

EIN: 208363768 Community Improvement

KENT, OH

Total Revenue
$230,798
Total Expenses
$250,420
Total Assets
$238,370
Net Assets
$229,762
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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
2024-01-01 to 2024-12-31

MAIN STREET KENT, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $231K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $129,513
Investment Income $7,092
Other Revenue $94,193
TOTAL REVENUE $230,798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,515
Fundraising Expenses $0
Program Expenses $250,420
Other Expenses $91,905
TOTAL EXPENSES $250,420

Year-over-Year Comparison

2024 2023 Change
Revenue $230,798 $253,600 -0.1%
Expenses $250,420 $249,032 +0.0%
Net Income $-19,622 $4,568 -5.3%
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
3
$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 SECRETARY 2.00
Officer Director
$0 $0 $0
JESSICA RYAN MEMBER 1.00
Director
$0 $0 $0
SAGE CULLEY PRESIDENT 1.00
Officer Director
$0 $0 $0
ED BUTCH MEMBER 1.00
Director
$0 $0 $0
ROBIN SPANO MEMBER 1.00
Director
$0 $0 $0
COLIN BOYLE TREASURER 2.00
Officer Director
$0 $0 $0
BRIDGET TIPTON MEMBER 1.00
Director
$0 $0 $0
JOY PAHLS MEMBER 1.00
Director
$0 $0 $0
RON PETROSKY MEMBER 1.00
Director
$0 $0 $0
MIKE LEWIS 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
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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