MAIN STREET DELAND ASSOCIATION INC (EIN 592628018) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

TRACEY WORD

Phone

3867380649

Tax Period

2024-01-01 to 2024-12-31

MAIN STREET DELAND ASSOCIATION INC, founded in 1984, is a small nonprofit in the Community Improvement sector that reported $348K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $338K left a modest 3% surplus.

Mission

REVITALIZATION OF DOWNTOWN DELAND AND ENHANCEMENT OF COMMERCIAL ACTIVITY IN THE DOWNTOWN AREA.

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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 $57,721

Program Service Revenue $300,685

Investment Income $663

Other Revenue $-10,675

TOTAL REVENUE $348,394

Expense Breakdown

Grants Paid $2,326

Salaries & Benefits $139,664

Fundraising Expenses $0

Program Expenses $248,064

Other Expenses $195,900

TOTAL EXPENSES $337,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,394	$458,224	-0.2%
Expenses	$337,890	$405,638	-0.2%
Net Income	$10,504	$52,586	-0.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$48,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISA REED	TREASURER	3.00	Officer Director	$0	$0	$0
DEANNA HINSZ	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID ZANGENBERG	DIRECTOR	3.00	Officer Director	$0	$0	$0
KELLY CANOVA	SECRETARY	3.00	Officer Director	$0	$0	$0
TRACEY WORD	PRESIDENT ELECT	3.00	Officer Director	$0	$0	$0
KELLY O' LEARY	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
JOE HEARN	PRESIDENT ELECT	3.00	Officer Director	$0	$0	$0
STEVE EVANS	DIRECTOR	3.00	Director	$0	$0	$0
CHELSEA CONRAD	DIRECTOR	3.00	Director	$0	$0	$0
KRISTI TYRRELL	DIRECTOR	3.00	Director	$0	$0	$0
SHAWN CHAPMAN	DIRECTOR	3.00	Director	$0	$0	$0
WAYLAN NIECE	DIRECTOR	3.00	Director	$0	$0	$0
LAUREN WETTERSTROM	DIRECTOR	3.00	Director	$0	$0	$0
JANET BOLLUM	DIRECTOR	3.00	Director	$0	$0	$0
SAVANNAH GRIFFIN	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL NEWMAN	DIRECTOR	3.00	Director	$0	$0	$0
KEN GOLDBERG	DIRECTOR	3.00	Director	$0	$0	$0
WENDY CAROEN LAROCCA	DIRECTOR	3.00	Director	$0	$0	$0
AMANDA AGNEW	DIRECTOR	3.00	Director	$0	$0	$0
GINNY BETH JOINER	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTA DANFORTH	DIRECTOR	3.00	Director	$0	$0	$0
WAYNE CARTER	EXECUTIVE DIRECTOR	40.00	Officer	$48,596	$0	$48,596

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	$348,394	$337,890	$174,574	$10,504
2023	$458,224	$405,638	$190,032	$52,586
2022	$340,574	$331,094	$110,372	$9,480
2021	$318,808	$321,317	$134,051	$-2,509
2020	$304,275	$267,486	$106,091	$36,789
2019	$330,554	$320,633	$69,477	$9,921
2018	$332,094	$329,102	$58,216	$2,992

MAIN STREET DELAND ASSOCIATION INC