TROY MAIN STREET

EIN: 311301818 501(c)(3) Community Improvement

TROY, OH

Total Revenue
$213,888
Total Expenses
$195,576
Total Assets
$310,807
Net Assets
$310,807
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
OH
Principal Officer
AMY BREINICH
Phone
9373395455
Tax Period
2024-01-01 to 2024-12-31

TROY MAIN STREET, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $214K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $196K left a modest 9% surplus.

Mission

TO PROVIDE FOR THE CONTINUED ECONOMIC AND ARCHITECTURAL SOUNDNESS OF THE DOWNTOWN AREA OF THE CITY OF TROY, OHIO,WITH A COMPREHENSIVE REVITALIZATION STRATEGY TO STIMULATE ECONOMIC DEVELOPMENT AND TO ACT AS LIAISON BETWEEN THE DOWNTON BUSINESSES AND LOCAL GOVERNMENT. THE MISSION OF TROY MAIN STREET IS TO COORDINATE THE EFFORTS OF ALL THOSE DEDICATED TO MAKING DOWNTOWN TROY A BETTER PLACE TO LIVE, WORK, SHOP, CELEBRATE, AND INVEST.

Program Service Accomplishments

Program 1
Expenses: $195,576

TROY MAIN STREET CONTINUED ITS WORK TO STRENGTHEN AND ENHANCE THE ECONOMIC VITALITY AND VISUAL APPEAL OF DOWNTOWN TROY. THE ORGANIZATION COORDINATED BEAUTIFICATION PROJECTS INCLUDING SEASONAL...

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TROY MAIN STREET CONTINUED ITS WORK TO STRENGTHEN AND ENHANCE THE ECONOMIC VITALITY AND VISUAL APPEAL OF DOWNTOWN TROY. THE ORGANIZATION COORDINATED BEAUTIFICATION PROJECTS INCLUDING SEASONAL FLOWERPOTS, PUBLIC ART INSTALLATIONS, AND MAINTENANCE OF PLACEMAKING FEATURES THAT IMPROVE THE EXPERIENCE FOR RESIDENTS AND VISITORS. STAFF WORKED CLOSELY WITH DOWNTOWN BUSINESSES, PROPERTY OWNERS, AND THE CITY OF TROY TO SUPPORT STOREFRONT IMPROVEMENTS, ENCOURAGE INVESTMENT, AND ADDRESS DISTRICT NEEDS. THESE EFFORTS CONTRIBUTED TO INCREASED FOOT TRAFFIC, A MORE WELCOMING ENVIRONMENT, AND ONGOING PRIVATE-SECTOR ENGAGEMENT IN THE DOWNTOWN CORE. IN 2024, TROY MAIN STREET PRODUCED A FULL CALENDAR OF COMMUNITY EVENTS DESIGNED TO DRAW VISITORS, SUPPORT LOCAL BUSINESSES, AND STRENGTHEN CIVIC PRIDE. MAJOR EVENTS INCLUDED THE GRAND ILLUMINATION, TASTE OF TROY, HOMETOWN HALLOWEEN, FRIDAYS ON PROUTY CONCERT SERIES, DONUT JAM, AND NUMEROUS HOLIDAY ACTIVITIES. THESE EVENTS COLLECTIVELY ATTRACTED THOUSANDS OF ATTENDEES AND PROVIDED SIGNIFICANT ECONOMIC BENEFIT TO DOWNTOWN MERCHANTS. THE ORGANIZATION ALSO EXECUTED MARKETING CAMPAIGNS, BUSINESS SPOTLIGHTS, AND DOWNTOWN PROMOTIONAL MATERIALS THAT ENCOURAGED SHOPPING, DINING, AND ENGAGEMENT THROUGHOUT THE YEAR. DURING 2024, TROY MAIN STREET DELIVERED DIRECT SUPPORT SERVICES TO DOWNTOWN BUSINESSES THROUGH REGULAR OUTREACH, RESOURCE SHARING, AND INDIVIDUALIZED ASSISTANCE. THE ORGANIZATION PROVIDED GUIDANCE FOR BUSINESS DEVELOPMENT, COORDINATED INFORMATION ON GRANTS AND INCENTIVES, ASSISTED ENTREPRENEURS, AND SERVED AS A LIAISON BETWEEN MERCHANTS, COMMUNITY PARTNERS, AND THE CITY OF TROY. TROY MAIN STREET ALSO FACILITATED COLLABORATIVE INITIATIVES THAT STRENGTHENED BUSINESS RETENTION AND EXPANSION, AND ADVOCATED FOR DOWNTOWN NEEDS TO ENSURE A HEALTHY AND SUSTAINABLE COMMERCIAL DISTRICT.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $178,048
Program Service Revenue $23,422
Investment Income $12,418
Other Revenue $0
TOTAL REVENUE $213,888

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,054
Fundraising Expenses $0
Program Expenses $195,576
Other Expenses $112,522
TOTAL EXPENSES $195,576

Year-over-Year Comparison

2024 2023 Change
Revenue $213,888 $185,045 +0.2%
Expenses $195,576 $185,727 +0.1%
Net Income $18,312 $-682 -27.9%
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
12
Independent Members
12
Employees
5
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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE DILBONE PRESIDENT 1.00
Officer Director
$0 $0 $0
JUSTIN FLETCHER DIRECTOR 1.00
Director
$0 $0 $0
DAVID FONG DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH GRAVES DIRECTOR 1.00
Director
$0 $0 $0
CHUCK KARNHAM DIRECTOR 1.00
Director
$0 $0 $0
DEE MAHAN DIRECTOR 1.00
Director
$0 $0 $0
TINA MAYBERRY DIRECTOR 1.00
Director
$0 $0 $0
SANDY PENNINGTON TREASURER 1.00
Officer Director
$0 $0 $0
CURT PUTHOFF VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JORDAN ROMBERGER SECRETARY 1.00
Officer Director
$0 $0 $0
HEATHER TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
PATRICK TITTERINGTON DIRECTOR 1.00
Director
$0 $0 $0
AMY BREINICH EXECUTIVE DI 1.00
Officer
$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 $213,888 $195,576 $310,807 $18,312
2023 $185,045 $185,727 $292,495 $-682
2022 $195,065 $123,115 $293,177 $71,950
2021 $177,462 $168,787 $221,875 $8,675
2020 $182,990 $155,992 $213,200 $26,998
2019 $166,227 $156,647 $186,202 $9,580
2018 $237,102 $199,017 $176,622 $38,085
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