Main Street Arts (EIN 222888176) - 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

1988

Legal Domicile

Principal Officer

Susan Still

Phone

8028692960

Tax Period

2024-07-01 to 2025-06-30

Main Street Arts, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $181K in total revenue in fiscal year 2024. Revenue surged 1063% from the prior year, signaling strong growth momentum. Expenses of $229K exceeded revenue, resulting in a 27% operating deficit.

Mission

Main Street Arts strengthens personal and community well-being through diverse arts experiences and social connection.

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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 $84,523

Program Service Revenue $96,264

Investment Income $0

Other Revenue $0

TOTAL REVENUE $180,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,062

Fundraising Expenses $0

Program Expenses $195,594

Other Expenses $187,218

TOTAL EXPENSES $229,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,787	$15,543	+10.6%
Expenses	$229,280	$17,863	+11.8%
Net Income	$-48,493	$-2,320	+19.9%

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

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

$30,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashley Storrow	Executive Dir.	40.00	Director	$30,300	$0	$30,300
Susan Still	Chairman	0.00	Officer Director	$0	$0	$0
Alan Fowler	Treasurer	0.00	Officer Director	$0	$0	$0
Maryann McArdle	Secretary	0.00	Officer Director	$0	$0	$0
Rick Cowan	Director	0.00	Director	$0	$0	$0
Sam Howard	Secretary	0.00	Director	$0	$0	$0
Mark Maddox	Director	0.00	Director	$0	$0	$0
Miriam Wolf	Director	0.00	Director	$0	$0	$0
Whitney Barrett	Director	0.00	Director	$0	$0	$0
Emily Wagner	Director	0.00	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	$180,787	$229,280	$1,313,672	$-48,493
2024	$15,543	$17,863	$1,370,771	$-2,320
2024	$103,492	$154,638	$1,358,190	$-51,146
2023	$148,883	$102,923	$1,410,989	$45,960
2022	$71,625	$81,822	$1,369,820	$-10,197
2021	$71,111	$138,141	$1,384,754	$-67,030
2020	$324,827	$315,050	$1,441,043	$9,777
2019	$253,729	$270,915	$1,198,757	$-17,186
2019	$253,928	$278,366	$1,459,773	$-24,438
2018	$486,001	$265,643	$1,467,485	$220,358

Main Street Arts