Main Street Corridor Development Corp DBA Midtown KC Now (EIN 431251925) - 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

1981

Legal Domicile

Principal Officer

Kevin Klinkenberg

Phone

8167533820

Tax Period

2025-01-01 to 2025-12-31

Main Street Corridor Development Corp DBA Midtown KC Now, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $824K in total revenue in fiscal year 2025.

Mission

Work to suport commercial, mixed use, and residential progress and effective community, economic, and aesthetic development to create and encourage the renewal and vitality of Midtown Kansas City, Missouri.

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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 $137,710

Program Service Revenue $686,208

Investment Income $0

Other Revenue $0

TOTAL REVENUE $823,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $345,097

Fundraising Expenses $41,625

Program Expenses $666,466

Other Expenses $497,007

TOTAL EXPENSES $842,104

Year-over-Year Comparison

	2025	2024	Change
Revenue	$823,918	$814,532	+0.0%
Expenses	$842,104	$814,222	+0.0%
Net Income	$-18,186	$310	-59.7%

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

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

$123,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Klinkenberg	Executive Dir.	40.00	Officer	$123,700	$0	$123,700
Jim Edson	Ex-Officio	1.00	Director	$0	$0	$0
Jason Carter-Solomon	Director	1.00	Director	$0	$0	$0
Mercedes Chastain	Director	1.00	Director	$0	$0	$0
Kyana Bowers	Director	1.00	Director	$0	$0	$0
Robert Gann	Director	1.00	Director	$0	$0	$0
Gina Anderson	Director	1.00	Director	$0	$0	$0
Laura Burkhalter	President	1.00	Officer Director	$0	$0	$0
Monica Enloe	President Elect	1.00	Officer Director	$0	$0	$0
Mary Kate Gliedt	Treasurer	1.00	Director	$0	$0	$0
Leah Fitzgerald	Past President	1.00	Director	$0	$0	$0
Matt Hanson	Treasurer	1.00	Officer Director	$0	$0	$0
Mary Jo Draper	Director	1.00	Director	$0	$0	$0
Steve Waterman	Director	1.00	Director	$0	$0	$0
Sarah Jones	Director	1.00	Director	$0	$0	$0
Steven King	Director	1.00	Director	$0	$0	$0
Randy Williams	Director	1.00	Director	$0	$0	$0
DuRon Netsell	Director	1.00	Director	$0	$0	$0
Matthew Hoefer	Past President	1.00	Officer Director	$0	$0	$0
Thomas Platt	Director	1.00	Director	$0	$0	$0
Marc Turnage	Director	1.00	Director	$0	$0	$0
Charlie Lowe	Director	1.00	Director	$0	$0	$0
Robert Russell	Director	1.00	Director	$0	$0	$0
Sean Randall-Thompson	Director	1.00	Director	$0	$0	$0
Melanie Yearta	Director	1.00	Director	$0	$0	$0
Kelly Watson-Muther	Director	1.00	Director	$0	$0	$0
Susan Cronander	Ex-Officio	1.00	Director	$0	$0	$0
Chip Walsh	Secretary	1.00	Officer Director	$0	$0	$0
Luke Ranker	Ex-Officio	1.00	Director	$0	$0	$0
Johnny Youssef	Director	1.00	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	$823,918	$842,104	$170,620	$-18,186
2024	$814,532	$814,222	$179,739	$310
2023	$588,028	$612,804	$166,273	$-24,776
2022	$585,064	$622,423	$189,288	$-37,359
2021	$535,464	$471,550	$223,344	$63,914
2020	$530,957	$490,516	$161,684	$40,441
2019	$503,955	$541,624	$119,647	$-37,669
2018	$598,753	$573,214	$327,746	$25,539

Main Street Corridor Development Corp DBA Midtown KC Now