MAIN STREET FORT SMITH (EIN 474014728) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

MITCH MINNICK

Phone

4796502119

Tax Period

2023-01-01 to 2023-12-31

646 Downtown Inc, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $406K in total revenue in fiscal year 2018. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

MAIN STREET FORT SMITH IS A NONPROFIT COMMITTED TO CREATING VIBRANT SPACES IN DOWNTOWN FORT SMITH THROUGH BUSINESS DEVELOPMENT, ARTS AND CULTURE, SPECIAL EVENTS, AND THE PROMOTION OF ATTRACTIVE AMENITIES TO ACCELERATE DEVELOPMENT OF DIVERSE COMMERCE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $151,014

Program Service Revenue $137,544

Investment Income $0

Other Revenue $14,400

TOTAL REVENUE $302,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,513

Fundraising Expenses $0

Program Expenses $275,217

Other Expenses $343,747

TOTAL EXPENSES $451,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,958	$147,572	+1.1%
Expenses	$451,260	$302,137	+0.5%
Net Income	$-148,302	$-154,565	0.0%

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

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
ALICIA AGENT	SECRETARY	N/A	Officer Director	$0	$0	$0
ASHLEIGH BACHERT	DIRECTOR	N/A	Director	$0	$0	$0
JESSIE BURROWS	DIRECTOR	N/A	Director	$0	$0	$0
JOE CALDARERA	TREASURER	N/A	Officer Director	$0	$0	$0
CHASEN GARRETT	DIRECTOR	N/A	Director	$0	$0	$0
MITCH MINNICK	PRESIDENT	N/A	Officer Director	$0	$0	$0
JANA MUNDY	DIRECTOR	N/A	Director	$0	$0	$0
ISAAC ROGERS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JASON TURNER	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$302,958	$451,260	$1,264,206	$-148,302
2022	$147,572	$302,137	$1,414,725	$-154,565
2021	$241,718	$257,803	$1,568,394	$-16,085
2020	$262,986	$231,327	$1,583,271	$31,659
2019	$2,111,361	$1,407,966	$1,559,322	$703,395
2018	$405,853	$413,669	$498,454	$-7,816

MAIN STREET FORT SMITH