BEVERLY MAIN STREETS INC

EIN: 562306350 501(c)(3) Community Improvement

BEVERLY, MA

Total Revenue
$318,844
Total Expenses
$283,839
Total Assets
$85,803
Net Assets
$82,682
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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
2003
Legal Domicile
MA
Principal Officer
PAUL GENTILE
Phone
9789228558
Tax Period
2024-07-01 to 2025-06-30

BEVERLY MAIN STREETS INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $319K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $284K left a modest 11% surplus.

Mission

BEVERLY MAIN STREETS' MISSION IS TO PROMOTE AND ENHANCE BEVERLY'S 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 (2024)

Revenue Breakdown

Contributions & Grants $252,213
Program Service Revenue $65,716
Investment Income $20
Other Revenue $895
TOTAL REVENUE $318,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,016
Fundraising Expenses $11,704
Program Expenses $251,113
Other Expenses $103,823
TOTAL EXPENSES $283,839

Year-over-Year Comparison

2024 2023 Change
Revenue $318,844 $227,966 +0.4%
Expenses $283,839 $226,749 +0.3%
Net Income $35,005 $1,217 +27.8%
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
19
Independent Members
19
Employees
3
Volunteers
100

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
6
$93,549
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIN TRUEX EXECUTIVE DI 40.00
Officer
$89,696 $3,853 $93,549
ARTHUR ATHANAS VICE PRESIDE 10.00
Officer Director
$0 $0 $0
PETER BAKHIT BOARD MEMBER 5.00
Director
$0 $0 $0
ABBY BATTIS BOARD MEMBER 5.00
Director
$0 $0 $0
HEATHER BEAULIEU CLERK 10.00
Officer Director
$0 $0 $0
JAMIE ENGEL BOARD MEMBER 5.00
Officer Director
$0 $0 $0
PAUL GENTILE PRESIDENT 10.00
Officer Director
$0 $0 $0
SUSAN GOGANIAN BOARD MEMBER 5.00
Director
$0 $0 $0
KEVIN GRANT BOARD MEMBER 5.00
Director
$0 $0 $0
BRADLEY HUNT BOARD MEMBER 5.00
Director
$0 $0 $0
CHRIS KOEPLIN BOARD MEMBER 5.00
Director
$0 $0 $0
KYLE MARSH TREASURER 10.00
Officer Director
$0 $0 $0
JENNIFER MCFADDEN BOARD MEMBER 5.00
Director
$0 $0 $0
GARY MOFFIE BOARD MEMBER 5.00
Director
$0 $0 $0
BRENDA MURPHY BOARD MEMBER 5.00
Director
$0 $0 $0
MARLIN NABORS BOARD MEMBER 5.00
Director
$0 $0 $0
BRIAN RIDOLFO BOARD MEMBER 5.00
Director
$0 $0 $0
J CASEY SOWARD BOARD MEMBER 5.00
Director
$0 $0 $0
PAIGE WILLIAMS BOARD MEMBER 5.00
Director
$0 $0 $0
KATHERINE WRENN BOARD MEMBER 5.00
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 $318,844 $283,839 $85,803 $35,005
2024 $227,966 $226,749 $49,983 $1,217
2023 $207,088 $231,633 $48,682 $-24,545
2022 $233,163 $216,148 $73,559 $17,015
2019 $271,638 $255,745 $173,332 $15,893
2018 $210,122 $278,685 $157,439 $-68,563
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