MAIN STREET WOOSTER 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

1996

Legal Domicile

Principal Officer

SHANNON WALLER

Phone

3302626222

Tax Period

2024-01-01 to 2024-12-31

MAIN STREET WOOSTER INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $337K in total revenue in fiscal year 2024.

Mission

TO ENHANCE THE COMMUNITY OF WOOSTER BY IMPROVING THE QUALITY OF ITS DOWNTOWN BUSINESS AND LIVING ENVIRONMENT THROUGH ORGANIZATION, DESIGN, PROMOTION AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $334,123 Revenue: $132,739

*PRESENTED FREE ATTRACTIONS TO IMPROVE THE QUALITY OF LIFE IN WOOSTER AND BRING TOURIST DOLLARS TO OUR LOCAL MERCHANTS.*CONTINUED TO PARTNER WITH A LOCAL MARKETING FIRM TO DEVELOP AND DISTRIBUTE AN 18-PAGE DIGITAL GUIDE TO HELP REALTORS AND LANDLORDS LURE PROSPECTS TO FILL DOWNTOWN VACANCIES.*PUBLISHED 30,000 SHOPPERS GUIDES AND DISTRIBUTED THEM LOCALLY BY HAND AND REGIONALLY THROUGH BROCHURE DISTRIBUTIONS SERVICES.*CONTINUED TO MAINTAIN A MOBILE-FRIENDLY SELF-GUIDED WALKING TOUR TO ENCOURAGE PEOPLE TO ENGAGE WITH DOWNTOWN WOOSTER.*DREW HUNDREDS OF LOCALS AND VISITORS TO ENJOY THE SHOPPING AND FREE LIVE MUSIC AT THE ANNUAL DOWNTOWN WOOSTER FARMER'S MARKET.*CONTINUED THE PROGRAM MAIN STREET MUSIC, WHICH HAS RECEIVED PRAISE FOR THE IMPROVEMENT OF THE OVERALL SHOPPING AND DINING EXPERIENCES. *CONTINUED CONCERT & CRUISE-IN EVENTS AND DREW IN OVER 2,000 VISITORS TO DOWNTOWN WOOSTER. *ESTABLISHED AN ANNUAL TRADITION OF THE SEASONAL SHOP HOPS WHICH GAVE A BOOST TO LOCAL RETAILERS' SALES.

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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 $196,048

Program Service Revenue $128,872

Investment Income $8,588

Other Revenue $3,867

TOTAL REVENUE $337,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,630

Fundraising Expenses $0

Program Expenses $334,123

Other Expenses $164,865

TOTAL EXPENSES $370,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,375	$316,908	+0.1%
Expenses	$370,495	$302,418	+0.2%
Net Income	$-33,120	$14,490	-3.3%

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

138

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

$85,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIKKI BRIGGS	CHAIR	1.00	Officer Director	$0	$0	$0
MELISSA MARIOLA-DAVIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GLEN GRUMBLING	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ANDREA HOBAN	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER PYCRAFT	TRUSTEE	1.00	Director	$0	$0	$0
EDDIE STEINER	TRUSTEE	1.00	Director	$0	$0	$0
ADAM BOGNER	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW MORRISON	TRUSTEE	1.00	Director	$0	$0	$0
REID DELANEY	TRUSTEE	1.00	Director	$0	$0	$0
ETHAN ERICKSON	TRUSTEE	1.00	Director	$0	$0	$0
MERLE STUTZMAN	TRUSTEE	1.00	Director	$0	$0	$0
JEAN ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER HENTHORNE	TRUSTEE	1.00	Director	$0	$0	$0
JIMMY WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
JOHNATHAN BENKO	TRUSTEE	1.00	Director	$0	$0	$0
LIBBIE BUEHLER	TRUSTEE	1.00	Director	$0	$0	$0
SARA STARR BRINK	EX-OFFICIO TRUSTEE	1.00	Director	$0	$0	$0
GABE TUDOR	EX-OFFICIO TRUSTEE	1.00	Director	$0	$0	$0
SAMIRA ZIMMERLY	EX-OFFICIO TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER SHATZER	EX-OFFICIO TRUSTEE	1.00	Director	$0	$0	$0
JOEL MONTGOMERY	EX-OFFICIO TRUSTEE	1.00	Director	$0	$0	$0
MARIBETH BURNS	EX-OFFICIO TRUSTEE	1.00	Director	$0	$0	$0
MATT MARTIN	EX-OFFICIO TRUSTEE	1.00	Director	$0	$0	$0
MAYOR BOB REYNOLDS	EX-OFFICIO TRUSTEE	1.00	Director	$0	$0	$0
SHANNON WALLER	EXECUTIVE DIRECTOR	50.00	Officer	$85,321	$0	$85,321

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	$337,375	$370,495	$314,246	$-33,120
2023	$316,908	$302,418	$346,993	$14,490
2022	$339,678	$287,068	$331,256	$52,610
2021	$396,509	$261,519	$277,211	$134,990
2020	$245,361	$227,410	$144,715	$17,951
2019	$231,691	$239,051	$144,160	$-7,360
2018	$230,690	$221,191	$141,588	$9,499