COMMUNITY MAIN STREET INC

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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

1988

Legal Domicile

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

TO FOSTER ECONOMIC VITALITY AND TO PRESERVE AND PROMOTE THE HISTORIC IMAGE AND CHARACTER OF DOWNTOWN WHILE IMPROVING THE QUALITY OF LIFE IN CEDAR FALLS, IOWA

Program Service Accomplishments

Program 1

Expenses: $295,813 Revenue: $96,639

PROMOTION OF BUSINESS AND COMMUNITY DEVELOPMENT OF DOWNTOWN DISTRICT IN CEDAR FALLS, IOWA. ACCOMPLISHED THROUGH MEMBERSHIP ORGANIZATION, MARKETING AND PROMOTION ACTIVITIES.

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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 $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

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

$58,601

Total Directors

Key Employees

Highest Compensated

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