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)

4 risk indicators measuring financial stability and operational resilience

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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.

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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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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

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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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