MAIN STREET DELAWARE INC

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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

2000

Legal Domicile

Principal Officer

STACY WEBB

Phone

7403626050

Tax Period

2024-01-01 to 2024-12-31

MAIN STREET DELAWARE INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $233K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

REVITALIZE AND PRESERVE DOWNTOWN DELAWARE: RECRUIT NEW BUSINESS, PROMOTIONAL EVENTS, DESIGN ASSISTANCE TO ENCOURAGE BUILDING IMPROVEMENT, MAINTAIN HISTORIC INTEGRITY, PROMOTE UNIQUE AND QUALITY IMAGE, ORGANIZE BEAUTIFICATION PROJECTS, VOLUNTEER OPPORTUNITIES, MARKET DOWNTOWN DELAWARE.

Program Service Accomplishments

Program 1

Expenses: $3,224 Revenue: $37,420

FIRST FRIDAYS - MONTHLY EVENT THAT PROMOTES DOWNTOWN BUSINESSES BY PROVIDING VARIOUS THEMES THAT ARE OF INTEREST TO THE LOCAL COMMUNITY. THE EVENTS DRAW HUNDREDS OF PEOPLE TO THE DOWNTOWN AREA WHO...

FIRST FRIDAYS - MONTHLY EVENT THAT PROMOTES DOWNTOWN BUSINESSES BY PROVIDING VARIOUS THEMES THAT ARE OF INTEREST TO THE LOCAL COMMUNITY. THE EVENTS DRAW HUNDREDS OF PEOPLE TO THE DOWNTOWN AREA WHO PARTICIPATE IN VARIOUS THEME RELATED ACTIVITIES.

Program 2

Expenses: $4,385 Revenue: $17,985

FARMERS' MARKET - PROVIDE A VENUE FOR LOCAL GROWERS AND BAKERS TO BRING WHOLE FOOD PRODUCTS TO THE COMMUNITY FOR SALE.

Program 3

Expenses: $16,716 Revenue: $0

CHRISTMAS - ANNUAL EVENT THAT PROMOTES A HOLIDAY PARADE THAT KICKS OFF THE CHRISTMAS SHOPPING SEASON AT MEMBER BUSINESSES IN THE DOWNTOWN AREA.

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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 $153,431

Program Service Revenue $55,405

Investment Income $3,095

Other Revenue $21,406

TOTAL REVENUE $233,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,100

Fundraising Expenses $51,688

Program Expenses $97,162

Other Expenses $93,634

TOTAL EXPENSES $239,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,337	$214,441	+0.1%
Expenses	$239,734	$231,221	+0.0%
Net Income	$-6,397	$-16,780	-0.6%

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

$73,750

Total Directors