MAIN STREET PASCAGOULA

EIN: 465008021 501(c)(3) Community Improvement

PASCAGOULA, MS

Total Revenue
$305,406
Total Expenses
$214,981
Total Assets
$514,625
Net Assets
$512,787
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Principal Officer
ADAM ASKEW
Phone
2282191114
Tax Period
2024-10-01 to 2025-09-30

MAIN STREET PASCAGOULA, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $305K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $90K, a strong 30% operating margin.

Mission

MAIN STREET PASCAGOULA IS AN ECONOMIC DEVELOPMENT TOOL THAT ENHANCES THE TAX BASE OF A COMMUNITY, FOSTERS ENTREPRENEURSHIP, BUILDS COMMUNITY CAPACITY, AND CREATES PARTNERSHIPS AMONG KEY GROUPS IN A COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $214,981 Revenue: $11,177

A. PROMOTIONS: PMSA SHALL PROMOTE AND SPONSOR DISCUSSION GROUPS AND SHALL EDUCATE AND INFORM CITIZENS AND MEMBERS ON TOPICS OF COMMON INTEREST AND CONCERN TO THE DISTRICT. PMSA SHALL MAINTAIN...

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A. PROMOTIONS: PMSA SHALL PROMOTE AND SPONSOR DISCUSSION GROUPS AND SHALL EDUCATE AND INFORM CITIZENS AND MEMBERS ON TOPICS OF COMMON INTEREST AND CONCERN TO THE DISTRICT. PMSA SHALL MAINTAIN INFORMATION REGARDING REVITALIZATION IN THE DISTRICT. PMSA WILL SPONSOR CULTURAL, EMPLOYMENT AND COMMERCIAL REVITALIZATION OF THE DISTRICT. PMSA WILL PROVIDE A FORUM FOR MEMBERS TO SHARE KNOWLEDGE, COMMON EXPERIENCES AND PROBLEMS. PMSA SHALL PUBLISH COMMUNITY INFORMATION REGARDING ITS ACTIVITIES AND OTHER DATA RELEVANT TO THE REVITALIZATION OF THE DISTRICT. SUCH PUBLICATIONS MAY INCLUDE THE FOLLOWING: 1) PLANNING STUDIES, SUCH AS THE RESOURCE TEAM REPORT 2) AN ORGANIZATION BROCHURE 3) TOURIST AND VISITOR INFORMATION BROCHURES, MAPS, AND GUIDES 4) SPECIAL EVENT FLYERS, PAMPHLETS, POSTERS, OR BROCHURES 5) THE PMSA QUARTERLY NEWSLETTER B. ORGANIZATION: PMSA WILL ORGANIZE AND PROMOTE CONSTRUCTIVE RELATIONSHIPS BETWEEN LOCAL GOVERNMENT BODIES AND PRIVATE BUSINESS AND CITIZENS. PMSA WILL COORDINATE AS APPROPRIATE WITH THE CITY OF PASCAGOULA ZONING AND OTHER REGULATORY ACTIVITY AFFECTING THE DISTRICT. PMSA WILL SUPPORT OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS WHOSE PRIMARY INTEREST IS TO PRESERVE AND DEVELOP THE BEAUTY AND ECONOMIC STABILITY OF PASCAGOULA, ESPECIALLY WITHIN THE DISTRICT. PMSA WILL PROMOTE THE CONCERNS OF THE DISTRICT AT THE CITY, COUNTY AND SPECIAL DISTRICT LEVEL. C. ECONOMIC RESTRUCTURING: PMSA WILL HELP TO DIVERSIFY THE COMMUNITY BY RECRUITING NEW STORES TO BALANCE THE RETAIL MIX; AIDING POTENTIAL BUSINESS OWNERS IN FINDING RETAIL SPACE, AND BY AIDING IN THE ACQUIRING OF ADEQUATE FINANCING. D. DESIGN: PMSA WILL ASSIST IN PLANNING AND COORDINATING THE DESIGN OF IMPROVEMENTS IN OR ADJACENT TO THE DISTRICT. PMSA WILL AID IN PROVIDING DESIGN SERVICES FOR BUILDINGS AND SIGNAGE. PMSA WILL PROVIDE INFORMATION ON PAINTING, CONSTRUCTION, HISTORIC RENOVATION, AND PRESERVATION. PMSA WILL PROMOTE AND ASSIST IN CITY BEAUTIFICATION PROJECTS. PMSA WILL PARTICIPATE IN THE PLANNING AND DEVELOPMENT OF PUBLIC INTEREST PROJECTS IN THE DISTRICT AND AREAS ADJACENT TO THE DISTRICT. PMSA WILL PROMOTE EFFECTIVE REDEVELOPMENT EFFORTS AND ASSIST IN PLANNING FOR THE REVITALIZATION OF THE DISTRICT. PMSA SHALL, WHENEVER POSSIBLE, RECOMMEND APPROPRIATE USES AND DESIGN STANDARDS FOR DISTRICT DEVELOPMENT.

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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 $294,229
Program Service Revenue $11,177
Investment Income $0
Other Revenue $0
TOTAL REVENUE $305,406

Expense Breakdown

Grants Paid $400
Salaries & Benefits $70,645
Fundraising Expenses $0
Program Expenses $214,981
Other Expenses $143,936
TOTAL EXPENSES $214,981

Year-over-Year Comparison

2024 2023 Change
Revenue $305,406 $426,927 -0.3%
Expenses $214,981 $217,964 0.0%
Net Income $90,425 $208,963 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
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
4
$65,625
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATRINA SCOTT PRESIDENT / 4.00
Officer Director
$0 $0 $0
ADAM ASKEW VP/TREAS/DIR 4.00
Officer Director
$0 $0 $0
KATIE HINKEL SECRETARY / 4.00
Officer Director
$0 $0 $0
SUSANNAH NORTHROP EXECUTIVE DI 40.00
Officer
$65,625 $0 $65,625
STEVEN BRADY DIRECTOR 1.00
Director
$0 $0 $0
AMY BRANDENSTEIN DIRECTOR 1.00
Director
$0 $0 $0
KATIE HINKLE DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN LARSEN DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY KNECHT DIRECTOR 1.00
Director
$0 $0 $0
LAURIE-ELLEN SMITH DIRECTOR 1.00
Director
$0 $0 $0
SHANNON STRUNK DIRECTOR 1.00
Director
$0 $0 $0
RAMSAY TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
LYNNE TURNER 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 $305,406 $214,981 $514,625 $90,425
2024 $426,927 $217,964 $426,930 $208,963
2023 $362,585 $214,198 $218,093 $148,387
2022 $216,162 $248,422 $66,803 $-32,260
2021 $256,902 $236,345 $98,785 $20,557
2020 $206,849 $193,861 $87,977 $12,988
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