NEW CASTLE MAIN STREET INC

EIN: 472371890 501(c)(3) Community Improvement

NEW CASTLE, IN

Total Revenue
$526,599
Total Expenses
$488,451
Total Assets
$47,719
Net Assets
$44,484
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IN
Principal Officer
EMILY HURST
Phone
7654653703
Tax Period
2024-01-01 to 2024-12-31

NEW CASTLE MAIN STREET INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $527K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $488K left a modest 7% surplus.

Mission

DEDICATED TO RENEWING, GROWING AND PROMOTING DOWNTOWN NEW CASTLE BY STIMULATING ECONOMIC GROWTH AND FOSTERING COMMUNITY PRIDE WHILE PRSERVING OUR UNIQUE HISTORY.

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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 $526,599
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $526,599

Expense Breakdown

Grants Paid $240,513
Salaries & Benefits $75,665
Fundraising Expenses $0
Program Expenses $473,078
Other Expenses $172,273
TOTAL EXPENSES $488,451

Year-over-Year Comparison

2024 2023 Change
Revenue $526,599 $412,257 +0.3%
Expenses $488,451 $536,249 -0.1%
Net Income $38,148 $-123,992 -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

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Governance

Voting Members
17
Independent Members
17
Employees
2
Volunteers
12

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
$0
Total Directors
14
$38,437
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED HILL PRESIDENT 1.00
Officer
$0 $0 $0
AMY GLASSER VICE PRESIDENT 1.00
Officer
$0 $0 $0
COREY MURPHY TREASURER 1.00
Officer
$0 $0 $0
KERRY SMITH BUCK SECRETARY 1.00
Officer
$0 $0 $0
DAVE ABRAMS MEMBER 1.00
Director
$0 $0 $0
CINDY BROOKS MEMBER 1.00
Director
$0 $0 $0
BASH CRIDER MEMBER 1.00
Director
$0 $0 $0
SCOTT FROST MEMBER 1.00
Director
$0 $0 $0
DUKE HAMM MEMBER 1.00
Director
$0 $0 $0
CARA HUFFMAN MEMBER 1.00
Director
$0 $0 $0
SHONDA KANE MEMBER 1.00
Director
$0 $0 $0
TERRILL MCCALL MEMBER 1.00
Director
$0 $0 $0
SUSAN FALCK-NEAL MEMBER 1.00
Director
$0 $0 $0
MAUDELINE NEWELL MEMBER 1.00
Director
$0 $0 $0
REX PECKINPAUGH MEMBER 1.00
Director
$0 $0 $0
DUSTIN VINCENT MEMBER 1.00
Director
$0 $0 $0
VICTORIA YORK MEMBER 1.00
Director
$0 $0 $0
EMILY HURST EXECUTIVE DIRECTOR 30.00
Director
$38,437 $0 $38,437
CARRIE BARRETT PAST DIRECTOR 30.00
$29,538 $0 $29,538
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
2024 $526,599 $488,451 $47,719 $38,148
2023 $412,257 $536,249 $10,023 $-123,992
2022 $338,976 $229,477 $130,045 $109,499
2020 $242,427 $214,604 $53,111 $27,823
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