DOWNTOWN MAIN STREET INC (EIN 391339123) - 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

1960

Legal Domicile

Principal Officer

CHAD HONEYCUTT

Phone

6087840440

Tax Period

2025-01-01 to 2025-12-31

DOWNTOWN MAIN STREET INC, founded in 1960, is a small nonprofit that reported $149K in total revenue in fiscal year 2025. Expenses of $196K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO ENSURE ONGOING ECONOMIC DEVELOPMENT WHILE CULTIVATING A REVITALIZED DOWNTOWN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $127,268

Investment Income $2,072

Other Revenue $19,588

TOTAL REVENUE $148,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,962

Fundraising Expenses $0

Other Expenses $69,921

TOTAL EXPENSES $195,883

Year-over-Year Comparison

	2025	2024	Change
Revenue	$148,928	$147,417	+0.0%
Expenses	$195,883	$188,151	+0.0%
Net Income	$-46,955	$-40,734	+0.2%

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

250

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
SAM BACHMEIER	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
PERRIN IACOPINO	PROMOTIONS & EVENTS CHAIR	1.00	Officer Director	$0	$0	$0
KENNETH BROSSMAN	TREASURER	1.00	Officer Director	$0	$0	$0
HANNAH AMANN	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA EARP	DIRECTOR	1.00	Director	$0	$0	$0
STACY ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY HEGSETH	DIRECTOR	1.00	Director	$0	$0	$0
WILL KRATT	DIRECTOR	1.00	Director	$0	$0	$0
GREG REICHERT	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER SCHALLER	DIRECTOR	1.00	Director	$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
2025	$148,928	$195,883	$161,334	$-46,955
2024	$147,417	$188,151	$180,582	$-40,734
2023	$168,407	$183,261	$193,880	$-14,854
2022	$212,221	$195,784	$228,946	$16,437
2021	$189,456	$159,334	$275,203	$30,122
2020	$148,199	$142,092	$188,091	$6,107
2019	$156,430	$152,017	$168,079	$4,413
2018	$170,867	$144,021	$112,755	$26,846

DOWNTOWN MAIN STREET INC