RED WING DOWNTOWN MAIN STREET (EIN 411869035) - 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

1998

Legal Domicile

Principal Officer

TOM PASCH

Phone

6513857850

Tax Period

2024-01-01 to 2024-12-31

RED WING DOWNTOWN MAIN STREET, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $257K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSE OF THE RED WING DOWNTOWN MAIN STREET PROGRAM IS TO IMPROVE THE COMMUNITY'S QUALITY OF LIFE BY STRENGTHENING THE DOWNTOWN AS THE CENTER OF COMMUNITY THROUGH EDUCATION, VOLUNTEER SUPPORT AND CONCENTRATED EFFORTS IN DESIGN AND PRESERVATION, PROMOTION, BUSINESS DEVELOPMENT, AND ORGANIZATION.

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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 $189,516

Program Service Revenue $61,222

Investment Income $0

Other Revenue $6,717

TOTAL REVENUE $257,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,219

Fundraising Expenses $15,280

Program Expenses $198,776

Other Expenses $277,108

TOTAL EXPENSES $278,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,455	$174,021	+0.5%
Expenses	$278,327	$251,598	+0.1%
Net Income	$-20,872	$-77,577	-0.7%

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

100

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
TESSA BLUE	PRESIDENT	2.00	Officer Director	$0	$0	$0
MAUREEN NELSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MEGAN TSUI	EXECUTIVE DIRECTOR	2.00	Officer	$0	$0	$0
TOM PASCH	TREASURER	2.00	Officer Director	$0	$0	$0
MANDY CARDINAL	SECRETARY	2.00	Officer Director	$0	$0	$0
ALISON YOUNGS	MEMBER	2.00	Director	$0	$0	$0
HEER PATEL	MEMBER	2.00	Director	$0	$0	$0
ANDREA NELSON	MEMBER	2.00	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
2024	$257,455	$278,327	$92,299	$-20,872
2023	$174,021	$251,598	$125,263	$-77,577
2022	$315,476	$199,721	$202,840	$115,755

RED WING DOWNTOWN MAIN STREET