NATIONAL MAIN STREET CENTER 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

2012

Legal Domicile

Phone

2025886000

Tax Period

2024-07-01 to 2025-06-30

NATIONAL MAIN STREET CENTER INC, founded in 2012, is a mid-sized nonprofit in the Community Improvement sector that reported $17.7M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

NATIONAL MAIN STREET CENTER, INC. (NMSC) LEADS A COLLABORATIVE MOVEMENT WITH PARTNERS AND GRASSROOTS LEADERS THAT ADVANCES SHARED PROSPERITY, CREATES RESILIENT ECONOMIES, AND IMPROVES QUALITY OF LIFE THROUGH PLACE-BASED ECONOMIC DEVELOPMENT AND COMMUNITY PRESERVATION IN DOWNTOWNS AND NEIGHBORHOOD COMMERCIAL DISTRICTS ACROSS THE COUNTRY.

Program Service Accomplishments

Program 1

Expenses: $10,144,205 Revenue: $0

NMSC PARTNERS WITH A RANGE OF NATIONALLY RECOGNIZED CORPORATIONS, FOUNDATIONS, GOVERNMENT ENTITIES, AND ORGANIZATIONS TO DELIVER GRANTS AND TECHNICAL SERVICES TO SUPPORT THRIVING LOCAL ECONOMIES AND INVITING SPACES. THROUGH THESE PARTNERSHIPS, NMSC WAS ABLE TO PROVIDE TECHNICAL ASSISTANCE AND CAPACITY BUILDING TO BACK UNDERREPRESENTED SMALL BUSINESS OWNERS AND COMMUNITY ORGANIZATIONS FOR LONG-TERM SUCCESS AND RESILIENCE.

Program 2

Expenses: $3,191,093 Revenue: $1,042,129

NMSC FOCUSES ON DELIVERING EXCELLENT BENEFITS AND HIGH VALUE SERVICES TO THE NMSC NETWORK THROUGH ITS MEMBERSHIP PROGRAM. NMSC PROVIDES MEMBERS WITH CUTTING EDGE RESOURCES, TRAINING, RESEARCH AND...

NMSC FOCUSES ON DELIVERING EXCELLENT BENEFITS AND HIGH VALUE SERVICES TO THE NMSC NETWORK THROUGH ITS MEMBERSHIP PROGRAM. NMSC PROVIDES MEMBERS WITH CUTTING EDGE RESOURCES, TRAINING, RESEARCH AND NETWORKING OPPORTUNITIES. NMSC MEMBERSHIP INCLUDES ACCESS TO A WIDE RANGE OF EDUCATIONAL MATERIALS, THE E-NEWSLETTER, MAIN STREET NEWS, FEATURES ARTICLES ABOUT BEST PRACTICES, NEW TRENDS IN THE FIELD, SHOWCASES SUCCESSFUL PROGRAMS, AND SHARES STRATEGIES FOR INCORPORATING HISTORIC PRESERVATION INTO EXISTING COMMUNITY DEVELOPMENT EFFORTS.

Program 3

Expenses: $3,028,719 Revenue: $3,776,026

NMSC FIELD SERVICES STAFF OFFERS A WIDE RANGE OF TRAINING SEMINARS AND WORKSHOPS, ALL TAILORED TO MEET COMMUNITY NEEDS, AND ADVANCE HISTORIC-PRESERVATION BASED COMMUNITY ECONOMIC DEVELOPMENT...

NMSC FIELD SERVICES STAFF OFFERS A WIDE RANGE OF TRAINING SEMINARS AND WORKSHOPS, ALL TAILORED TO MEET COMMUNITY NEEDS, AND ADVANCE HISTORIC-PRESERVATION BASED COMMUNITY ECONOMIC DEVELOPMENT. COMMONLY REQUESTED WORKSHOPS AND SEMINARS INCLUDED A VARIETY OF HISTORIC PRESERVATION AND ORGANIZATIONAL DEVELOPMENT TOPICS, SUCH AS THE BASICS OF REAL ESTATE FINANCE, SMALL BUSINESS DEVELOPMENT, HOW TO FACILITATE EFFECTIVE MEETINGS, RECRUIT VOLUNTEERS, DEVELOP A FUNDRAISING PLAN AND BUILD AN EFFECTIVE MEMBERSHIP PROGRAM. NMSC ALSO PROVIDED CUSTOMIZED TRAINING WORKSHOPS AND SEMINARS ON TOPICS OF CONCERN OR INTEREST TO LOCAL COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,739,463

Program Service Revenue $4,805,230

Investment Income $132,842

Other Revenue $26,265

TOTAL REVENUE $17,703,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,372,255

Fundraising Expenses $595,461

Program Expenses $16,364,017

Other Expenses $12,985,523

TOTAL EXPENSES $19,357,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,703,800	$23,930,400	-0.3%
Expenses	$19,357,778	$17,753,457	+0.1%
Net Income	$-1,653,978	$6,176,943	-1.3%

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

N/A

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

$706,466

Total Directors

Key Employees

$363,064

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESS ZIMBABWE	CHAIR	2.0	Officer Director	$0	$0	$0
JOHN MITTERHOLZER	VICE CHAIR	2.0	Officer Director	$0	$0	$0
TYRONE RACHEL	SECRETARY (AS OF 9/2024)	2.0	Officer Director	$0	$0	$0
CHRIS WILSON	DIRECTOR	2.0	Director	$0	$0	$0
DARRYL YOUNG	DIRECTOR	2.0	Director	$0	$0	$0
DESHEA AGEE	DIRECTOR	2.0	Director	$0	$0	$0
ED MCMAHON	DIRECTOR (THRU 10/2024)	2.0	Director	$0	$0	$0
JENICE CONTERAS	DIRECTOR	2.0	Director	$0	$0	$0
KEVIN DANIELS	DIRECTOR	2.0	Director	$0	$0	$0
LYNDA TRAN	DIRECTOR (AS OF 9/2024)	2.0	Director	$0	$0	$0
MARY HELMER WIRTH	DIRECTOR (AS OF 9/2024)	2.0	Director	$0	$0	$0
MICHAEL WAGLER	DIRECTOR	2.0	Director	$0	$0	$0
TOM MAYES	DIRECTOR	2.0	Director	$0	$0	$0
ERIN BARNES	PRESIDENT & CEO	35.0	Officer	$293,764	$14,688	$308,452
HANNAH WHITE	CHIEF IMPACT OFFICER	35.0	Officer	$197,369	$9,868	$207,237
JOHN CHOMIAK	CHIEF FINANCIAL & ADMINISTRATIVE OFFICER	35.0	Officer	$181,692	$9,085	$190,777
DIONNE BAUX	CHIEF PROGRAMS OFFICER	35.0	Key Emp	$162,875	$8,144	$171,019
MATT WAGNER	CHIEF INNOVATION OFFICER	35.0	Key Emp	$182,900	$9,145	$192,045
DEBRA WISE	BUSINESS MANAGER	35.0	Highest	$125,726	$6,286	$132,012
JAWANZA JOSEPH	VICE PRESIDENT OF FINANCE	35.0	Highest	$122,302	$6,115	$128,417
KATHY LA PLANTE	VICE PRESIDENT OF MAIN STREET PROGRAMS	35.0	Highest	$136,021	$6,801	$142,822
MICHAEL POWE	SENIOR DIRECTOR OF RESEARCH	35.0	Highest	$127,197	$6,360	$133,557
NORMA MIESS	VP OF FIELD SERVICES - DOWNTOWN (THRU 07/2024)	35.0	Highest	$169,371	$8,469	$177,840

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	$17,703,800	$19,357,778	$12,213,643	$-1,653,978
2024	$23,930,400	$17,753,457	$13,515,966	$6,176,943
2023	$10,741,701	$12,172,432	$5,450,834	$-1,430,731
2022	$9,101,387	$6,977,329	$6,729,426	$2,124,058
2021	$6,376,727	$5,695,279	$3,723,806	$681,448
2020	$3,440,668	$3,771,169	$3,057,662	$-330,501
2019	$4,009,986	$3,899,601	$2,842,317	$110,385
2018	$3,511,030	$3,210,091	$2,364,162	$300,939