MAIN STREET GYM INC (EIN 521859519) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

HAL E CHERNOFF

Phone

4108602437

Tax Period

2024-01-01 to 2024-12-31

MAIN STREET GYM INC, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $217K in total revenue in fiscal year 2024. The organization ran a surplus of $47K, a strong 22% operating margin.

Mission

BOXING PROGRAM AND COUNSELING FOR AT-RISK YOUTH

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $153,662

Program Service Revenue $0

Investment Income $14,857

Other Revenue $48,035

TOTAL REVENUE $216,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,425

Fundraising Expenses $0

Program Expenses $143,431

Other Expenses $59,294

TOTAL EXPENSES $169,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,554	N/A	N/A
Expenses	$169,719	N/A	N/A
Net Income	$46,835	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
SANDY FITZERGERALD D'ANGELO	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN LECOMPTE	DIRECTOR	1.00	Director	$0	$0	$0
DARRON WHITEHEAD	DIRECTOR	1.00	Director	$0	$0	$0
HAL E CHERNOFF	VICE PRESIDE	40.00	Officer	$0	$0	$0
NANCY B CHERNOFF	PRESIDENT	40.00	Officer	$0	$0	$0
MARK L GRANGER	TREASURER	1.00	Officer	$0	$0	$0
DENNIS WELLER	SECRETARY	1.00	Officer	$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	$216,554	$169,719	$426,391	$46,835

MAIN STREET GYM INC