551 MAIN STREET HOLDING CORPORATION (EIN 471905472) - 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

2014

Legal Domicile

Principal Officer

ALAN SEIFFERT

Phone

5084711760

Tax Period

2024-07-01 to 2025-06-30

Mission

THE EXCLUSIVE PURPOSE OF THE CORPORATION IS TO HOLD TITLE TO PROPERTY, IN ACCORDANCE WITH SECTION 501 (C) (2) OF THE UNITED STATE INTERNAL REVENUE CODE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO WORCESTER CENTER FOR PERFORMING ARTS, INC. A CORPORATION ENJOYING TAX EXEMPT STATUS AS A CHARITABLE CORPORATION DESCRIBED IN SECTION 501 (C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND A CORPORATION WHICH ITSELF IS ORGANIZED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,400

Program Expenses $427,087

Other Expenses $479,873

TOTAL EXPENSES $479,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$479,873	$512,349	-0.1%
Net Income	N/A	$-512,349	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN SEIFFERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN RAPP	TREASURER	1.00	Officer Director	$0	$0	$0
ELISA BOIVERT	VICE CHAIR	1.00	Director	$0	$0	$0
TRACY WELLS	CLERK	1.00	Officer Director	$0	$0	$0
KELLIE THIBODEAU	CHAIR	1.00	Director	$0	$0	$0
TROY SEIBELS	PRESIDENT (FORMER)	1.00		$0	$31,647	$342,692

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	No data	$479,873	$10,702,767	No data
2024	No data	No data	No data	No data
2023	No data	$502,723	$11,578,358	No data
2022	$132,368	$502,549	$12,016,153	$-370,181
2021	$126,775	$505,520	$12,279,434	$-378,745
2020	$94,985	$492,677	$12,712,421	$-397,692
2019	$185,793	$482,450	$12,351,468	$-296,657
2018	$277,097	$613,817	$12,760,655	$-336,720

551 MAIN STREET HOLDING CORPORATION