BLOOMFIELD MAIN STREET INC

EIN: 421508696 501(c)(3) Community Improvement

BLOOMFIELD, IA

Total Revenue
$221,814
Total Expenses
$198,216
Total Assets
$221,976
Net Assets
$211,982
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
IA
Principal Officer
LEXIS FRYMOYER
Phone
6416642309
Tax Period
2024-01-01 to 2024-12-31

BLOOMFIELD MAIN STREET INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $222K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $198K left a modest 11% surplus.

Mission

STIMULATE DOWNTOWN ECONOMIC DEVELOPMENT IN BLOOMFIELD, IOWA THROUGH ORGANIZATION, PROMOTION OF POSITIVE IMAGE, DESIGN (IMPROVING APPEARANCE OF DOWNTOWN), AND TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS IN CONNECTION WITH ACTIVITIES RELATED TO THE ABOVE PURPOSE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $174,541
Program Service Revenue $28,662
Investment Income $7,095
Other Revenue $11,516
TOTAL REVENUE $221,814

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,034
Fundraising Expenses $0
Program Expenses $156,368
Other Expenses $147,182
TOTAL EXPENSES $198,216

Year-over-Year Comparison

2024 2023 Change
Revenue $221,814 $172,655 +0.3%
Expenses $198,216 $122,666 +0.6%
Net Income $23,598 $49,989 -0.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
1
Volunteers
N/A

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
1
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACKI AMSTUTZ DIRECTOR N/A
Director
$0 $0 $0
RON BRIDE COUNTY REPRE N/A
Director
$0 $0 $0
JEREMIAH CAMPBELL VICE PRESIDE N/A
Director
$0 $0 $0
APRIL CUTLER PRESIDENT N/A
Director
$0 $0 $0
KAYCI KNOWLER DIRECTOR N/A
Director
$0 $0 $0
KAYCI KNOWLER SECRETARY N/A
Director
$0 $0 $0
MARISSA LOGTERMAN DIRECTOR N/A
Director
$0 $0 $0
MALORIE PROBASCO DIRECTOR N/A
Director
$0 $0 $0
NATASHA SCHAFER DIRECTOR N/A
Director
$0 $0 $0
DON WALTON CITY LIAISON N/A
Director
$0 $0 $0
JOSHUA WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
JUSTIN WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
LEXIS FRYMOYER TREASURER N/A
Officer
$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 $221,814 $198,216 $221,976 $23,598
2023 $172,655 $122,666 $203,397 $49,989
2021 $93,584 $67,071 $132,527 $26,513
2020 $101,027 $81,019 $109,768 $20,008
2019 $126,190 $118,581 $93,738 $7,609
2018 $48,336 $67,645 $90,853 $-19,309
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