CHARLESTON MAIN STREETS INC

EIN: 452041887 501(c)(3) Education

CHARLESTON, WV

Total Revenue
$250,515
Total Expenses
$219,905
Total Assets
$450,411
Net Assets
$57,648
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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
2011
Legal Domicile
WV
Principal Officer
RIC CAVENDER
Phone
3047679800
Tax Period
2024-07-01 to 2025-06-30

CHARLESTON MAIN STREETS INC, founded in 2011, is a small nonprofit in the Education sector that reported $251K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $220K left a modest 12% surplus.

Mission

CHARLESTON URBAN WORKS WILL GROW VIBRANT COMMERCIAL DISTRICTS, SERVING AS THE MAIN VESSEL THROUGH THE CITY'S URBAN CORE, THAT FOSTERS AN ENVIRONMENT FOR ECONOMIC GROWTH AND THE STRONGEST BUSINESS DISTRICTS IN WEST VIRGINIA. CHARLESTON URBAN WORKS WILL ENHANCE OUR PUBLIC SPACES, NUTURE OUR COMMUNITIES AND CELEBRATE A DESTINATION AND ITS PEOPLE. THROUGH COLLABORATION, INNOVATION AND BOLD IDEAS CUW WILL REDEFINE THE URBAN APPALACHIAN EXPERIENCE FOR THOSE WHO HAVE CHOSE CHARLESTON - AS RESIDENTS, BUSINESS OWNERS AND VISITORS.

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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 $113,661
Program Service Revenue $135,775
Investment Income $1,079
Other Revenue $0
TOTAL REVENUE $250,515

Expense Breakdown

Grants Paid $0
Salaries & Benefits $103,736
Fundraising Expenses $0
Program Expenses $186,920
Other Expenses $116,169
TOTAL EXPENSES $219,905

Year-over-Year Comparison

2024 2023 Change
Revenue $250,515 $391,917 -0.4%
Expenses $219,905 $365,915 -0.4%
Net Income $30,610 $26,002 +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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Governance

Voting Members
21
Independent Members
20
Employees
2
Volunteers
200

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
6
$80,500
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PAULA FLAHERTY CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
TIM BRADY DIRECTOR 1.00
Director
$0 $0 $0
LINDA BODIE TREASURER 1.00
Officer Director
$0 $0 $0
ROB THOMAS CHAIR 1.00
Officer Director
$0 $0 $0
SARA SLAMICK SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL FARMER DIRECTOR 1.00
Director
$0 $0 $0
RON BUTLIN DIRECTOR 1.00
Director
$0 $0 $0
MIKE PUSHKIN DIRECTOR 1.00
Director
$0 $0 $0
SHANNON FERRARI DIRECTOR 1.00
Director
$0 $0 $0
CHUCK HAMSHER DIRECTOR 1.00
Director
$0 $0 $0
VENU MENON DIRECTOR 1.00
Director
$0 $0 $0
MORGAN ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
KATHY RUBIO DIRECTOR 1.00
Director
$0 $0 $0
JEREMY TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER PHARR DIRECTOR 1.00
Director
$0 $0 $0
ADAM KRASON PAST CHAIR 1.00
Officer
$0 $0 $0
RIC CAVENDER EXECUTIVE DIRECTOR 40.00
Officer
$80,500 $0 $80,500
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 $250,515 $219,905 $450,411 $30,610
2024 $391,917 $365,915 $429,929 $26,002
2023 $248,225 $279,145 $467,586 $-30,920
2022 $420,738 $345,034 $405,340 $75,704
2021 $208,289 $195,453 $81,865 $12,836
2020 $250,067 $260,604 $86,611 $-10,537
2019 $315,122 $365,080 $76,054 $-49,958
2018 $268,330 $277,714 $103,111 $-9,384
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