COMMUNITY MAIN STREET INC

EIN: 421303027 501(c)(3) Community Improvement

CEDAR FALLS, IA

Total Revenue
$435,786
Total Expenses
$345,115
Total Assets
$1,202,839
Net Assets
$1,071,069
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IA
Principal Officer
KIMBERLY BEAR
Phone
3192770213
Tax Period
2023-07-01 to 2024-06-30

COMMUNITY MAIN STREET INC, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $436K in total revenue in fiscal year 2023. The organization ran a surplus of $91K, a strong 21% operating margin.

Mission

FOSTER ECONOMIC VITALITY, HISTORIC IMAGE AND QUALITY OF LIFE IN CEDAR FALLS IOWA

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $325,795
Program Service Revenue $96,202
Investment Income $13,352
Other Revenue $437
TOTAL REVENUE $435,786

Expense Breakdown

Grants Paid $24,740
Salaries & Benefits $130,460
Fundraising Expenses $0
Program Expenses $295,813
Other Expenses $189,915
TOTAL EXPENSES $345,115

Year-over-Year Comparison

2023 2022 Change
Revenue $435,786 $404,172 +0.1%
Expenses $345,115 $296,647 +0.2%
Net Income $90,671 $107,525 -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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
4
Volunteers
12

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
4
$58,601
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY BEAR EXECUTIVE DIRECTOR 40.00
Officer
$55,304 $3,297 $58,601
HELEN PEARCE DIRECTOR 0.00
Director
$0 $0 $0
EMILEE NEDOBA PRESIDENT 2.00
Officer Director
$0 $0 $0
DAN LYNCH TREASURER 2.00
Officer Director
$0 $0 $0
CORY KENT SECRETARY 0.00
Officer Director
$0 $0 $0
BRENT JOHNSON PAST PRESIDENT 0.00
Director
$0 $0 $0
WYNETTE FROEHNER DIRECTOR 0.00
Director
$0 $0 $0
LAUREN RIENSCHE DIRECTOR 0.00
Director
$0 $0 $0
STEPHANIE HOUK SHEETZ DIRECTOR 0.00
Director
$0 $0 $0
LEXIE HEATH DIRECTOR 0.00
Director
$0 $0 $0
BRAD STROUSE DIRECTOR 0.00
Director
$0 $0 $0
DEANNA HOFFMAN DIRECTOR 0.00
Director
$0 $0 $0
WHITNEY MROZINSKI DIRECTOR 0.00
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 No data No data No data No data
2024 $435,786 $345,115 $1,202,839 $90,671
2023 $404,172 $296,647 $1,089,750 $107,525
2022 $433,908 $226,560 $979,748 $207,348
2021 $413,230 $216,472 $774,096 $196,758
2020 $347,969 $309,348 $768,428 $38,621
2019 $424,330 $362,003 $697,338 $62,327
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