SPRUCE PINE MAIN STREET INC

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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

1986

Legal Domicile

Principal Officer

ERON THIELE

Phone

8287653008

Tax Period

2024-07-01 to 2025-06-30

SPRUCE PINE MAIN STREET INC, founded in 1986, is a small nonprofit that reported $379K in total revenue in fiscal year 2024. Revenue surged 834% from the prior year, signaling strong growth momentum.

Mission

BEAUTIFICATION OF DOWNTOWN

Program Service Accomplishments

Program 1

Expenses: $373,857

BEAUTIFICATION AND PRESERVATION OF HISTORICAL DOWNTOWN AREA IN ORDER TO PROMOTE BUSINESS AND TOURISM

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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 $378,065

Program Service Revenue $0

Investment Income $0

Other Revenue $727

TOTAL REVENUE $378,792

Expense Breakdown

Grants Paid $281,133

Salaries & Benefits $0

Fundraising Expenses $22,786

Program Expenses $373,857

Other Expenses $120,383

TOTAL EXPENSES $401,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$378,792	$40,545	+8.3%
Expenses	$401,516	$42,212	+8.5%
Net Income	$-22,724	$-1,667	+12.6%

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
MORGAN WOOD	TREASURER	1.00	Officer	$0	$0	$0
BETSY BIEGA	VICE PRESIDENT	2.00	Officer	$0	$0	$0
ERON THIELE	PRESIDENT	2.00	Officer	$0	$0	$0
JACKIE RENSINK	SECRETARY	0.00	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
2025	$378,792	$401,516	$312,587	$-22,724
2024	$40,545	$42,212	$331,730	$-1,667
2023	$25,330	$40,910	$333,397	$-15,580
2022	$60,455	$84,683	$348,977	$-24,228
2021	$31,226	$37,174	$520,677	$-5,948
2020	$97,376	$58,053	$529,123	$39,323
2019	$59,000	$51,232	$635,423	$7,768