MAIN STREET SQUARE (EIN 273983146) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

BILLI RAKER

Phone

6057167979

Tax Period

2023-01-01 to 2023-12-31

MAIN STREET SQUARE, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $287K, a strong 16% operating margin.

Mission

THE ORGANIZATION OPERATES RAPID CITY TOWN SQUARE (OWNED BY THE CITY OF RAPID CITY) IN THE HEART OF DOWNTOWN IN ORDER TO PROVIDE AN ACTIVE GATHERING PLACE FOR THE ENTIRE COMMUNITY, TO INVITE INCREASED PEDESTRIAN TRAFFIC DOWNTOWN, AND TO STRENGTHEN THE CENTER OF THE COMMUNITY. THIS INCLUDES SUPPORTING, ENCOURAGING, ADVOCATING, AND PRESERVING THE VITALITY AND AESTHETIC BEAUTY OF THE DOWNTOWN RAPID CITY BUSINESS COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $799,632

Program Service Revenue $350,546

Investment Income $21,937

Other Revenue $14,748

TOTAL REVENUE $1,186,863

Expense Breakdown

Grants Paid $7,055

Salaries & Benefits $648,626

Fundraising Expenses $79,209

Program Expenses $845,914

Other Expenses $547,908

TOTAL EXPENSES $1,203,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,186,863	$1,099,464	+0.1%
Expenses	$1,203,589	$1,065,591	+0.1%
Net Income	$-16,726	$33,873	-1.5%

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

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

$58,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY HESPEN	CHAIR	1.00	Officer Director	$0	$0	$0
BILLI RAKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE POGANY	SECRETARY	1.00	Officer Director	$0	$0	$0
MUTCH USERA	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JAMES ADELSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
TIM JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SAM WYLIE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CALLIE MEYER	EXECUTIVE DIRECTOR	40.00	Officer	$55,449	$3,239	$58,688

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	No data	No data	No data	No data
2023	$1,186,863	$1,203,589	$1,642,732	$-16,726
2022	$1,099,464	$1,065,591	$1,669,966	$33,873
2021	$1,364,415	$1,260,515	$1,564,054	$103,900
2020	$1,223,798	$1,063,966	$1,459,405	$159,832
2019	$1,348,174	$1,558,398	$1,326,138	$-210,224
2018	$1,741,244	$1,454,052	$1,522,005	$287,192

MAIN STREET SQUARE