62 MARKET STREET INC (EIN 371549202) - 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

2007

Legal Domicile

Principal Officer

REGINA S THIEMAN

Phone

8082425761

Tax Period

2023-07-01 to 2024-06-30

62 MARKET STREET INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $134K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $314K exceeded revenue, resulting in a 134% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE, BOTH ECONOMICALLY AND SOCIALLY, OF RESIDENTS OF THE COUNTY OF MAUI WITH AN URBAN REVITALIZATION PROPERTY DEVELOPMENT PROJECT WITH A UNIQUE MIXED-USE DESIGN OF A BUSINESS INCUBATOR AND COMMERCIAL KITCHEN.

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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 $0

Program Service Revenue $134,215

Investment Income $0

Other Revenue $0

TOTAL REVENUE $134,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,677

Fundraising Expenses $0

Program Expenses $286,212

Other Expenses $264,215

TOTAL EXPENSES $313,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,215	$113,379	+0.2%
Expenses	$313,892	$304,420	+0.0%
Net Income	$-179,677	$-191,041	-0.1%

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

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

$85,916

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK D RECK	CHAIRMAN	0.12	Officer Director	$0	$0	$0
VIOLA MUNDRICK-WICHMAN	VICE-CHAIR	0.12	Officer Director	$0	$0	$0
SCOTT HAL SMITH PA-C	SECRETARY	0.12	Officer Director	$0	$0	$0
GREG KNUE	TREASURER	0.12	Officer Director	$0	$0	$0
REYNOLD BUTCH M GIMA	DIRECTOR	0.12	Director	$0	$0	$0
KLAUS SIMMER	DIRECTOR	0.12	Director	$0	$0	$0
RYAN FUKUSHIMA	DIRECTOR	0.12	Director	$0	$0	$0
REGINA S THIEMAN	EXECUTIVE DI	3.00	Officer	$0	$0	$85,916

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	$134,215	$313,892	$1,844,707	$-179,677
2023	$113,379	$304,420	$1,918,842	$-191,041
2022	$130,488	$323,446	$2,056,005	$-192,958
2021	$97,011	$311,731	$2,200,042	$-214,720
2020	$92,736	$313,550	$2,357,593	$-220,814
2019	$143,730	$320,549	$2,402,932	$-176,819

62 MARKET STREET INC