LAUREL MAIN STREET INC (EIN 208570449) - Form 990 Financial Analysis & Trantor Score

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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

Phone

6014333255

Tax Period

2024-01-01 to 2024-12-31

LAUREL MAIN STREET INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $394K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $338K left a modest 14% surplus.

Mission

TO REVITALIZE HISTORIC DOWNTOWN LAUREL IN PARTNERSHIP WITH MEMBERS, PUBLIC AND PRIVATE CONTRIBUTORS AND AS PART OF THE MISSISSIPPI MAIN STREET ASSOCIATION.

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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 $155,602

Program Service Revenue $237,915

Investment Income $0

Other Revenue $0

TOTAL REVENUE $393,517

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $88,276

Fundraising Expenses $0

Program Expenses $262,911

Other Expenses $239,131

TOTAL EXPENSES $338,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,517	$419,900	-0.1%
Expenses	$338,407	$302,425	+0.1%
Net Income	$55,110	$117,475	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALLORIE RASBERRY	TREASURER	2.00	Officer	$0	$0	$0
ELIZABETH KENT	SECRETARY	2.00	Officer	$0	$0	$0
NICKI HUDSON	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MANDY HEGWOOD	PRESIDENT	2.00	Officer	$0	$0	$0
CAROLINE BURKS	DIRECTOR	0.00	Key Emp	$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	No data	No data	No data	No data
2024	$393,517	$338,407	$269,996	$55,110
2023	$419,900	$302,425	$214,886	$117,475
2022	$331,233	$327,394	$97,411	$3,839
2021	$263,114	$255,466	$89,416	$7,648
2020	$191,834	$201,420	$74,286	$-9,586
2020	$191,834	$206,420	$69,286	$-14,586
2019	$263,711	$264,738	$75,772	$-1,027
2018	$267,302	$269,175	$100,147	$-1,873

LAUREL MAIN STREET INC