DOWNTOWN TUPELOMAIN STREET ASSOCIA… - Form 990 Financial Data

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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

Legal Domicile

Phone

6628416598

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN TUPELOMAIN STREET ASSOCIATION is a small nonprofit that reported $324K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 39% operating margin.

Mission

TO PROMOTE THE CIVIC, ECONOMIC, AND SOCIAL WELFARE OF THE CITIZENS OF THE CITY OF TUPELO AND LEE COUNTY, MISSISSIPPI.

Program Service Accomplishments

Program 1

Expenses: $151,879

DTMSA facilitates many events and projects including Reeds Tupelo Christmas Parade, Tupelos New Years Eve Celebration, Tupelo Farmers Depot (local farmers market), Pigskins in the Park, Fall Into...

DTMSA facilitates many events and projects including Reeds Tupelo Christmas Parade, Tupelos New Years Eve Celebration, Tupelo Farmers Depot (local farmers market), Pigskins in the Park, Fall Into Tupelo (Chilifest, Family Fun Day, Down on Main concert), Ale Trail, Wine Downtown, Bud & Burgers, and Tupelo Elvis Festival. All events align with DTMSAs mission to sustain and enhance the Downtown Tupelo business district. DTMSA contributes to other tangible amenities like alley improvements, garbage collection, holiday decorations, seasonal street pole banners, bike racks, landscaping, mural projects and oversight of design guidelines for businesses.

Program 2

Answered inquiries from 6,000+ telephone calls, 500+ walk-ins, and 10,000+ emails and texts requesting information on the Downtown Tupelo area including, but not limited to, availability of office...

Answered inquiries from 6,000+ telephone calls, 500+ walk-ins, and 10,000+ emails and texts requesting information on the Downtown Tupelo area including, but not limited to, availability of office, retail, and residential space, and information on ownership of building and vacant lots, zoning regulations, trash collection procedures, events, projects and activities, and guidelines for faade renovations, remodeling and new construction.

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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 (2023)

Revenue Breakdown

Contributions & Grants $260,100

Program Service Revenue $0

Investment Income $1,619

Other Revenue $62,555

TOTAL REVENUE $324,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,334

Fundraising Expenses $0

Program Expenses $151,879

Other Expenses $138,600

TOTAL EXPENSES $197,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,274	$203,004	+0.6%
Expenses	$197,934	$210,276	-0.1%
Net Income	$126,340	$-7,272	-18.4%

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

365

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

$109,681

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCIA RANDLE	Executive Dir.	40.00	Officer	$2,644	$0	$67,775
CRAIG HELMUTH	ASST DIRECTOR	40.00	Officer	$2,161	$0	$41,906
MATT CRABTREE	Treasurer	1.00	Officer Director	$0	$0	$0
KRIS DEL GRANDE	Director	1.00	Director	$0	$0	$0
BOBBY GENO	MEMBERSHIP	1.00	Director	$0	$0	$0
RASHNI BARATH	President	1.00	Officer Director	$0	$0	$0
CHRIS HUSSEY	EX-OFFICIO	1.00	Director	$0	$0	$0
BENNETT MIZE	2ND VP	1.00	Officer Director	$0	$0	$0
MEREDITH MARTIN	Director	1.00	Director	$0	$0	$0
SHIRLEY HENDRIX	Director	1.00	Director	$0	$0	$0
BRANDON BISHOP	Vice President	1.00	Officer Director	$0	$0	$0
LISA HALL	Secretary	1.00	Officer Director	$0	$0	$0
HUNTER AYCOCK	Director	1.00	Director	$0	$0	$0
TAYLOR FLOYD	Director	1.00	Director	$0	$0	$0
JAMEY LOGAN	Director	1.00	Director	$0	$0	$0
RANDY BURCHFIELD	Director	0.00	Director	$0	$0	$0
BLAIR HUGHES	Director	1.00	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	No data	No data	No data	No data
2023	$324,274	$197,934	$359,372	$126,340
2022	$203,004	$210,276	$249,629	$-7,272
2021	$211,085	$182,994	$242,147	$28,091
2020	$287,893	$194,409	$236,603	$93,484
2019	$311,588	$347,824	$156,020	$-36,236
2018	$331,403	$259,698	$181,006	$71,705

DOWNTOWN TUPELOMAIN STREET ASSOCIATION