SPRUCE PINE MAIN STREET INC

EIN: 561534889 501(c)(3)

SPRUCE PINE, NC

Total Revenue
$40,545
Total Expenses
$42,212
Total Assets
$331,730
Net Assets
$331,730
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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
NC
Principal Officer
ZAN SISTARE
Tax Period
2023-07-01 to 2024-06-30

SPRUCE PINE MAIN STREET INC, founded in 1986, is a micro nonprofit that reported $41K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Net assets of $332K represent 98 months of operating reserves.

Mission

BEAUTIFICATION OF DOWNTOWN

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,434
Program Service Revenue $0
Investment Income $0
Other Revenue $8,111
TOTAL REVENUE $40,545

Expense Breakdown

Grants Paid $0
Salaries & Benefits $150
Fundraising Expenses $0
Program Expenses $33,910
Other Expenses $42,062
TOTAL EXPENSES $42,212

Year-over-Year Comparison

2023 2022 Change
Revenue $40,545 $25,330 +0.6%
Expenses $42,212 $40,910 +0.0%
Net Income $-1,667 $-15,580 -0.9%
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
14
Independent Members
14
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZAN SISTARE PRESIDENT 2.00
Officer
$0 $0 $0
BETH BYERLY SECRETARY 0.00
Officer
$0 $0 $0
DAVID NIVEN TREASURER 1.00
Officer
$0 $0 $0
CINDY LINDSEY VICE PRESIDENT 2.00
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 $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
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