MAIN STREET CORYDON IND INC (EIN 351636264) - 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

1983

Legal Domicile

Principal Officer

EVA NORTH

Phone

8127380120

Tax Period

2023-01-01 to 2023-12-31

MAIN STREET CORYDON IND INC, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $148K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $140K left a modest 5% surplus.

Mission

MAKE DOWNTOWN CORYDON A PLACE THAT ATTRACTS & WELCOMES RESIDENTS, BUSINESSES & VISITORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $79,633

Program Service Revenue $52,876

Investment Income $51

Other Revenue $15,845

TOTAL REVENUE $148,405

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $49,061

Fundraising Expenses $0

Program Expenses $138,261

Other Expenses $86,239

TOTAL EXPENSES $140,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,405	$187,279	-0.2%
Expenses	$140,300	$136,886	+0.0%
Net Income	$8,105	$50,393	-0.8%

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

$44,231

Total Directors

$44,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN PEYTON-DAY	TREASURER	2.00	Officer Director	$0	$0	$0
WADE BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE ZIMMERMAN	SECRETARY	3.00	Officer Director	$0	$0	$0
CALLIE BEST	DIRECTOR	1.00	Director	$0	$0	$0
MISSI BUSH SAWTELLE	DIRECTOR	1.00	Director	$0	$0	$0
CODY HILL	DIRECTOR	1.00	Officer Director	$0	$0	$0
EVA NORTH	PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHAEL RAWERT	DIRECTOR	1.00	Director	$0	$0	$0
KAREN YORK	VICE PRESIDENT	4.00	Director	$0	$0	$0
CARON WILEY	DIRECTOR	1.00	Director	$0	$0	$0
RUSS HOEHN	DIRECTOR	1.00	Director	$0	$0	$0
LORI SHORT	DIRECTOR	1.00	Director	$0	$0	$0
MARIE HAVERTY	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE AMY	EXECUTIVE DIRECTOR	40.00	Officer Director	$44,231	$0	$44,231

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	$148,405	$140,300	$1,704,636	$8,105
2022	$187,279	$136,886	$1,739,395	$50,393
2021	$170,481	$113,433	$1,739,009	$57,048
2020	$53,274	$216,539	$1,775,862	$-163,265

MAIN STREET CORYDON IND INC