MAIN STREET ART COUNCIL INC (EIN 474010596) - 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

2015

Legal Domicile

Principal Officer

KARL PRATT

Phone

7856751240

Tax Period

2024-01-01 to 2024-12-31

MAIN STREET ART COUNCIL INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $166K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE MAIN STREET ARTS COUNCIL IS DEDICATED TO PROMOTING THE ARTS FOR ALL AGES AND SUCCESSFULLY SUPPORTING,PARTNERING AND COLLABORATING WITH OTHERS COMMITTED TO THE ARTS.

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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 $165,610

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $165,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,107

Fundraising Expenses $0

Program Expenses $170,497

Other Expenses $79,390

TOTAL EXPENSES $170,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$165,610	$143,866	+0.2%
Expenses	$170,497	$123,887	+0.4%
Net Income	$-4,887	$19,979	-1.2%

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

N/A

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
TIFFANY EVANS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
BRIANNA GLAZE	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
KARL PRATT	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
PAT TUBBS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
NANCY WOLF	PRESIDENT	N/A	Officer 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	No data	No data	No data	No data
2024	$165,610	$170,497	$41,214	$-4,887
2023	$143,866	$123,887	$46,101	$19,979
2022	$121,974	$100,377	$26,134	$21,597
2021	$100,734	$118,813	$4,525	$-18,079
2020	$99,092	$87,097	$22,604	$11,995
2019	$89,568	$78,959	$10,609	$10,609

MAIN STREET ART COUNCIL INC