STUART MAIN STREET ASSOC INC (EIN 650026868) - 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

1988

Legal Domicile

Principal Officer

GARY OWEN

Phone

7722862848

Tax Period

2024-01-01 to 2024-12-31

STUART MAIN STREET ASSOC INC, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $401K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $443K exceeded revenue, resulting in a 11% operating deficit.

Mission

PRESERVE HISTORIC 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $125,985

Program Service Revenue $116,876

Investment Income $2,105

Other Revenue $156,120

TOTAL REVENUE $401,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,452

Fundraising Expenses $0

Program Expenses $443,282

Other Expenses $277,830

TOTAL EXPENSES $443,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$401,086	$475,948	-0.2%
Expenses	$443,282	$495,240	-0.1%
Net Income	$-42,196	$-19,292	+1.2%

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

$66,090

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDACE CALLAHAN	EXECUTIVE DIRECTOR	40.00	Key Emp	$66,090	$0	$66,090
MICHELE MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JIM HATCH	DIRECTOR	2.00	Director	$0	$0	$0
PAUL NUNLEY	DIRECTOR	5.00	Officer Director	$0	$0	$0
GARY OWEN	TREASURER	5.00	Officer Director	$0	$0	$0
JOE FLANIGAN	DIRECTOR	5.00	Officer Director	$0	$0	$0
INEZ VAN RAVENZWAAJI	DIRECTOR	5.00	Officer Director	$0	$0	$0
MIKE MCCARTY	DIRECTOR	5.00	Officer 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	$401,086	$443,282	$105,976	$-42,196
2023	$475,948	$495,240	$150,560	$-19,292
2022	$345,285	$318,540	$171,134	$26,745
2021	$222,061	$227,812	$145,186	$-5,751
2020	$175,180	$155,064	$138,322	$20,116

STUART MAIN STREET ASSOC INC