VENICE MAINSTREET 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

1987

Legal Domicile

Principal Officer

KARA MORGAN

Phone

9414846722

Tax Period

2024-01-01 to 2024-12-31

VENICE MAINSTREET INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $404K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

VENICE MAINSTREET IS COMMITTED TO PRESERVING AND ENHANCING A QUALITY ENVIRONMENT IN DOWNTOWN VENICE, FL FOR PRESENT AND FUTURE GENERATIONS THROUGH ORGANIZED VOLUNTEER EFFORTS BY FOCUSING ON ITS HISTORIC CHARACTER AND ECONOMIC VITALITY

Program Service Accomplishments

Program 1

Expenses: $272,067 Revenue: $372,964

VENICE MAINSTREET PROMOTE HISTORIC DOWNTOWN VENICE TO RESIDENTS & VISITORS PROVIDE VENUES FOR FESTIVALS AND ART SHOWS AND ASSIST IN PROMOTING THE 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 $291,522

Program Service Revenue $112,620

Investment Income $3

Other Revenue $0

TOTAL REVENUE $404,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,819

Fundraising Expenses $129,416

Program Expenses $272,067

Other Expenses $234,509

TOTAL EXPENSES $427,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,145	$372,749	+0.1%
Expenses	$427,328	$306,128	+0.4%
Net Income	$-23,183	$66,621	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA LEAKE	SECRETARY	10.00	Director	$0	$0	$0
JAMES HAAS	TREASURER	10.00	Director	$0	$0	$0
TRACEY SILVER	PRESIDENT	10.00	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
2024	$404,145	$427,328	$182,648	$-23,183
2023	$372,749	$306,128	$205,831	$66,621
2022	$328,465	$239,183	$250,825	$89,282
2021	$199,878	$184,764	$198,095	$15,114
2020	$222,645	$177,791	$205,950	$44,854
2019	$210,604	$209,428	$179,466	$1,176
2018	$176,855	$192,732	No data	$-15,877