MAIN STREET MOUNT PLEASANT

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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

1978

Legal Domicile

Principal Officer

ADAM MOEHLE

Phone

3193853101

Tax Period

2025-01-01 to 2025-12-31

MAIN STREET MOUNT PLEASANT, founded in 1978, is a small nonprofit that reported $147K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $233K exceeded revenue, resulting in a 59% operating deficit.

Mission

THE MISSION OF MAIN STREET MOUNT PLEASANT IS TO STIMULATE ECONOMIC DEVELOPMENT, STRENGTHEN THE ECONOMIC AND CULTURAL VITALITY, NURTURE A CREATIVE MIX OF ACTIVITIES, ENVIRONMENTS AND EXPERIENCES, AND PROVIDE ENERGY, LEADERSHIP AND SUPPORT FOR THE PUBLIC/PRIVATE INITIATIVES THAT ENCOURAGE THE GROWTH AND VITALITY OF DOWNTOWN MOUNT PLEASANT BY PROMOTING DOWNTOWN AS AN EXCITING PLACE TO LIVE, SHOP AND INVEST.

Program Service Accomplishments

Program 1

Expenses: $57,342 Revenue: $18,580

THE MISSION OF MAIN STREET MOUNT PLEASANT IS TO STIMULATE ECONOMIC DEVELOPMENT, STRENGTHEN THE ECONOMIC AND CULTURAL VITALITY, NURTURE A CREATIVE MIX OF ACTIVITIES, ENVIRONMENTS AND EXPERIENCES, AND PROVIDE ENERGY, LEADERSHIP AND SUPPORT FOR PUBLIC/PRIVATE INITIATIVES THAT ENCOURAGE THE GROWTH AND VITALITY OF DOWNTOWN MOUNT PLEASANT BY PROMOTING DOWNTOWN AS AN EXCITING PLACE TO LIVE, SHOP AND INVEST.

Program 2

Expenses: $135,885 Revenue: $49,754

IN 2012, MAIN STREET MT PLEASANT FORMED A LIMITED LIABLIITY COMPANY, UNION BLOCK LLC, TO REHAB A LARGE HISTORIAL BUILDING ON THE SQUARE IN MOUNT PLEASANT, IOWA. THE BUILDING HAD BEEN DAMAGED BY A...

IN 2012, MAIN STREET MT PLEASANT FORMED A LIMITED LIABLIITY COMPANY, UNION BLOCK LLC, TO REHAB A LARGE HISTORIAL BUILDING ON THE SQUARE IN MOUNT PLEASANT, IOWA. THE BUILDING HAD BEEN DAMAGED BY A FIRE A FEW YEARS PRIOR TO 2012 AND THE PRIOR OWNERS DID NOT REPAIR THE BUILDING FOLLOWING THE FIRE. IF THE BUILDING HAD BEEN TAKEN DOWN, IT WOULD HAVE REMOVED HALF OF THE STORE FRONTS FROM THE NORTH SIDE OF THE DOWNTOWN SQUARE. UNION BLOCK LLC OBTAINED GRANTS AND DONATIONS TO FUND THE REHAB OF THE BUILDING. THE REHAB OF THE BUILDING WAS COMPLETED IN 2015. THIS ORGANIZATION HAS BEEN CONSOLIDATED INTO MAIN STREET MOUNT PLEASANT AND SERVES THE COMMUNITY IN CONJUCTION WITH MAIN STREET MT PLEASANT BY CONTINUING TO HOST FUNDRAISING EVENTS AND APPLY FOR GRANTS TO REDUCE THE DEBT RELATED TO THE REHAB OF THE BUILDING. THE UNION BLOCK BUILDING IS RENTED OUT TO RETAIL STORE FRONTS ON THE MAIN LEVEL, OFFICE SPACE ON THE SECOND LEVEL, AND THE THIRD LEVEL IS A SPECIAL EVENT SPACE.

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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 $60,018

Program Service Revenue $68,334

Investment Income $517

Other Revenue $17,812

TOTAL REVENUE $146,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,146

Fundraising Expenses $19,923

Program Expenses $193,227

Other Expenses $171,619

TOTAL EXPENSES $232,765

Year-over-Year Comparison

	2025	2024	Change
Revenue	$146,681	$132,098	+0.1%
Expenses	$232,765	$603,777	-0.6%
Net Income	$-86,084	$-471,679	-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

$56,925

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA OETKEN	EXECUTIVE DI	40.00	Officer	$55,000	$1,925	$56,925
STEVE BRIMHALL	TREASURER	2.00	Officer Director	$0	$0	$0
KEVIN DAMERON	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
DIANE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE GRACEY	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN JONES	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY LOHMANN	DIRECTOR	2.00	Director	$0	$0	$0
ADAM MOEHLE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATELYN MOORE	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICIA MORLEY	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
SAM RIEPE	DIRECTOR	2.00	Director	$0	$0	$0
BRENT SCHLEISMAN	DIRECTOR	2.00	Director	$0	$0	$0
MIKAYLA YALEY	DIRECTOR	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
2025	$146,681	$232,765	$2,376,183	$-86,084
2024	$132,098	$603,777	$2,160,751	$-471,679
2023	$100,891	$128,647	$2,632,231	$-27,756
2022	$102,275	$95,233	$2,660,861	$7,042
2021	$152,442	$81,929	$2,653,612	$70,513
2020	$206,693	$73,472	$2,582,392	$133,221
2019	$83,794	$76,552	$2,446,531	$7,242
2018	$91,141	$84,781	$2,439,289	$6,360