MAINSTREET REDEVELOPMENT ASSOCIATIO (EIN 363989959) - 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

1993

Legal Domicile

Principal Officer

LAURIE KOKENES

Phone

7083662543

Tax Period

2024-01-01 to 2024-12-31

MAINSTREET REDEVELOPMENT ASSOCIATIO, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $179K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 24% operating margin.

Mission

COMMUNITY DEVELOPMENT COMBINING RESIDENTIAL LIVING WITH BUSINESS DEVELOPMENT.

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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 $72,178

Program Service Revenue $58,254

Investment Income $1,324

Other Revenue $47,218

TOTAL REVENUE $178,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,968

Other Expenses $136,569

TOTAL EXPENSES $136,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,974	$130,613	+0.4%
Expenses	$136,569	$109,522	+0.2%
Net Income	$42,405	$21,091	+1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEXTER CURA	1ST VICE PRE	3.00	Officer	$0	$0	$0
ERIK FJELDSTAD	TREASURER	3.00	Officer	$0	$0	$0
DAVID KING	OFFICER	3.00	Officer	$0	$0	$0
ROB MCADAM	PAST PRESIDE	3.00	Officer	$0	$0	$0
NEIL REMBOS	PRESIDENT	3.00	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	$178,974	$136,569	$171,204	$42,405

MAINSTREET REDEVELOPMENT ASSOCIATIO