MAIN LINE CYCLE CENTER

EIN: 275500795 501(c)(3) Public & Societal Benefit

St Paul, MN

Total Revenue
$194,224
Total Expenses
$241,702
Total Assets
$275,464
Net Assets
$175,406
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MN
Principal Officer
Jeremy Wagner
Phone
6512220775
Tax Period
2023-01-01 to 2023-12-31

MAIN LINE CYCLE CENTER, founded in 2011, is a small nonprofit in the Public & Societal Benefit sector that reported $194K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $242K exceeded revenue, resulting in a 24% operating deficit.

Mission

Lowertown Bike Shop (LBS) is dedicated to providing sustainable transportation options using recycled bikes and parts. LBS provides educational opportunities to promote health, safety, environmental awareness, and connectedness within our community.

Program Service Accomplishments

Program 1
Expenses: $79,964 Revenue: $165,090

Retail and repair shop level services for underserved riders: Lowertown Bike Shop focused it's efforts on providing a welcoming and educational experience to all forms of underserved riders. The...

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Retail and repair shop level services for underserved riders: Lowertown Bike Shop focused it's efforts on providing a welcoming and educational experience to all forms of underserved riders. The bicycle industry defines an affordable bike as one costing below $1,000. LBS served populations of female, low income, racially diverse, homeless, mentally ill, developmentally disabled, urban commuter, and novice riders, many with a budget of less than $500. Many of these communities have been underserved by the bicycle industry. We have provided for these populations by supplying new and used bikes that fit all body types, riding styles, and every budget. We also accommodate these riders by custom building for their needs and budgets, often utilizing used parts and bikes. Lowertown Bike Shop built custom bikes to meet the needs of 56 people in 2023. Of those people, LBS donated 11 used bikes at no cost to the individual. LBS also supplied free and/or reduced cost bikes, parts, and services to 17 individuals in demonstrated need. Number of Persons Benefited: 84

Program 2
Expenses: $62,194 Revenue: $29,134

Recycling and Reuse: Lowertown Bike Shop is dedicated to sustainability in the bicycling community. We have refurbished or found a home for over 88 used bikes in 2023. We have saved hundreds of bikes...

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Recycling and Reuse: Lowertown Bike Shop is dedicated to sustainability in the bicycling community. We have refurbished or found a home for over 88 used bikes in 2023. We have saved hundreds of bikes from the landfill by keeping a stock of used bikes waiting to be fixed and rehabilitated for riders in need of a budget-friendly bike. Bikes that otherwise would have ended up in the trash. We participated in two community clean up events processing, recycling, and salvaging 45 bikes. We recycled at least 3820 pounds of scrap metal that would have ended up in the landfill, and recycled 220 tires and 300 tubes through our on-site recycling program. Number of Persons Benefited: 133

Program 3
Expenses: $35,540 Revenue: $0

Educational and training services to employees and volunteers: Lowertown Bike Shop's volunteer program clocked a total of 463 volunteer hours. LBS allowed individuals to work off community service...

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Educational and training services to employees and volunteers: Lowertown Bike Shop's volunteer program clocked a total of 463 volunteer hours. LBS allowed individuals to work off community service, or help fulfill an unemployment or school requirement. LBS also continued providing jobs and competitive wages in their community. They have made it a part of their training to educate their employees and volunteers in basic maintenance, fit, riding styles, bicycle recycling and reuse, barista and coffee service, and sales through education in a welcoming environment. They provide individuals the necessary skills to seek future employment in industries that require experience for hire. Number of Persons Benefited: 8

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1
Other Revenue $194,223
TOTAL REVENUE $194,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,190
Fundraising Expenses $0
Program Expenses $177,698
Other Expenses $98,512
TOTAL EXPENSES $241,702

Year-over-Year Comparison

2023 2022 Change
Revenue $194,224 $239,038 -0.2%
Expenses $241,702 $227,019 +0.1%
Net Income $-47,478 $12,019 -5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
12
Volunteers
12

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
4
$35,984
Total Directors
7
$35,984
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeremy Wagner Executive Director 40
Officer Director
$35,984 $0 $35,984
Lauren Bartley Board President 1
Officer Director
$0 $0 $0
Jeremy Wendt Vice President 1
Officer Director
$0 $0 $0
William Armstrong Treasurer 1
Officer Director
$0 $0 $0
Jake McLawhorn Board Member 5
Director
$0 $0 $0
Emilie Hance Board Member 1
Director
$0 $0 $0
Andy Zurn Board Member 4
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 No data No data No data No data
2023 $194,224 $241,702 $275,464 $-47,478
2022 $239,038 $227,019 $319,634 $12,019
2021 $226,065 $243,342 $282,828 $-17,277
2020 $333,273 $209,288 $229,080 $123,985
2019 $193,430 $162,075 $136,457 $31,355
2018 $181,092 $165,565 $113,722 $15,527
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