MAIN STREET COUNSELING CENTER (EIN 222331436) - 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

1980

Legal Domicile

Principal Officer

STEVE MARGEOTES

Phone

8622232981

Tax Period

2024-01-01 to 2024-12-31

MAIN STREET COUNSELING CENTER, founded in 1980, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

THROUGHOUT THE PANDEMIC, WE ADAPTED OUR SERVICES BY TRANSITIONING TO HYBRID AND TELEHEALTH MODELS IN ORDER TO MEET THE NEEDS OF OUR COMMUNITY AND ACCOMPLISH OUR MISSION OF MAKING MENTAL HEALTH CARE MORE MORE ACCESSIBLE AND AFFORDABLE.

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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 $1,656,072

Program Service Revenue $1,477,456

Investment Income $0

Other Revenue $5,432

TOTAL REVENUE $3,138,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,787,205

Fundraising Expenses $0

Program Expenses $2,857,587

Other Expenses $432,096

TOTAL EXPENSES $3,219,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,138,960	$2,398,148	+0.3%
Expenses	$3,219,301	$2,899,344	+0.1%
Net Income	$-80,341	$-501,196	-0.8%

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

$347,479

Total Directors

$347,479

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MARGEOTES	Executive Direc	40.00	Officer Director	$176,904	$0	$176,904
MARY P DUGUID	CLINICAL DIRECT	40.00	Officer Director	$170,575	$0	$170,575
JOHN MACK	President	3.00	Officer Director	$0	$0	$0
JOSEPH P BRENNAN	BOARD ATTORNEY	3.00	Officer Director	$0	$0	$0
MARY PAT BOGART	Secretary	3.00	Officer Director	$0	$0	$0
NEAL NIZNAN	Treasurer	3.00	Officer Director	$0	$0	$0
DAVID BRITT	Trustee	3.00	Officer Director	$0	$0	$0
CAROL GRAY	Trustee	3.00	Officer 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	$3,138,960	$3,219,301	$1,910,767	$-80,341
2023	$2,398,148	$2,899,344	$696,447	$-501,196
2022	$2,593,207	$2,581,577	$862,003	$11,630
2021	$2,465,812	$2,282,726	$863,768	$183,086
2020	$2,523,255	$2,240,999	$892,768	$282,256
2019	$2,229,348	$2,178,726	$703,863	$50,622
2018	$1,976,470	$1,927,936	$642,339	$48,534

MAIN STREET COUNSELING CENTER