Main Street Vermilion Inc (EIN 341940494) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

Fred Miggins

Phone

4409630772

Tax Period

2024-01-01 to 2024-12-31

Main Street Vermilion Inc, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $482K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 24% operating margin.

Mission

CITY OF VERMILION, OH, BEAUTIFICATION AND PRESERVATION PROJECTS

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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 $434,305

Program Service Revenue $0

Investment Income $47,755

Other Revenue $0

TOTAL REVENUE $482,060

Expense Breakdown

Grants Paid $3,062

Salaries & Benefits $77,753

Fundraising Expenses $57,429

Program Expenses $136,668

Other Expenses $283,838

TOTAL EXPENSES $364,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,060	$359,265	+0.3%
Expenses	$364,653	$346,667	+0.1%
Net Income	$117,407	$12,598	+8.3%

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

150

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

Total Directors

$40,534

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE REPOLA	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$40,534
MICAH ROBERTS	PRESIDENT	5.00	Officer	$0	$0	$0
SUZI PISKUR	VICE PRESIDENT	5.00	Officer	$0	$0	$0
LIBBY DAVIS-WILLIAMS	SECRTARY	5.00	Officer	$0	$0	$0
FRED MIGGINS	TREASURER	5.00	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	$482,060	$364,653	$758,478	$117,407
2023	$359,265	$346,667	$472,049	$12,598
2022	$364,320	$296,076	$424,616	$68,244
2021	$302,471	$223,034	$414,726	$79,437
2020	$177,650	$226,734	$301,843	$-49,084
2019	$294,625	$216,376	$328,393	$78,249
2018	$189,803	$175,991	$244,020	$13,812

Main Street Vermilion Inc