MAIN STREET TEXARKANA BUSINESS ORGANIZATION FOR A NEW DOWNTOWN

EIN: 710683066 501(c)(3) Community Improvement

TEXARKANA, TX

Total Revenue
$229,139
Total Expenses
$209,375
Total Assets
$350,081
Net Assets
$348,477
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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
2005
Legal Domicile
TX
Principal Officer
INA M MCDOWELL
Phone
9037927191
Tax Period
2024-01-01 to 2024-12-31

MAIN STREET TEXARKANA BUSINESS ORGANIZATION FOR A NEW DOWNTOWN, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $229K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $209K left a modest 9% surplus.

Mission

PRESERVE DOWNTOWN AREA AS AN ECONOMICAL AND COMMERCIAL CENTER BY BRINGING CULTURE AND BUSINESS ENTERPRISES TO THE AREA.

Program Service Accomplishments

Program 1
Expenses: $65,637 Revenue: $11,000

PRESERVE DOWNTOWN AREA AS AN ECONOMICAL AND COMMERCIAL CENTER BY BRINGING CULTURE AND BUSINESS ENTERPRISES TO THE AREA.

Program 2
Expenses: $60,228 Revenue: $45,625

CITY GUIDE PUBLICATION TO PROMOTE TOURISM

Program 3
Expenses: $27,164 Revenue: $15,800

DOWNTOWN HOLIDAY & FESTIVAL PROMOTIONS

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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 $222,337
Program Service Revenue $0
Investment Income $0
Other Revenue $6,802
TOTAL REVENUE $229,139

Expense Breakdown

Grants Paid $22,107
Salaries & Benefits $80,997
Fundraising Expenses $0
Program Expenses $153,029
Other Expenses $106,271
TOTAL EXPENSES $209,375

Year-over-Year Comparison

2024 2023 Change
Revenue $229,139 $250,201 -0.1%
Expenses $209,375 $250,844 -0.2%
Net Income $19,764 $-643 -31.7%
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
15
Independent Members
15
Employees
3
Volunteers
N/A

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
10
$60,320
Total Directors
1
$60,320
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
INA M MCDOWELL Executive Dir. 40.00
Officer Director
$60,320 $0 $60,320
PHILIP MOBLEY OFFICER 2.00
Officer
$0 $0 $0
STEVE THOMPSON Treasurer 2.00
Officer
$0 $0 $0
DR BRIAN MATTHEWS President 2.00
Officer
$0 $0 $0
VIRGINIA TRAMMELL OFFICER 2.00
Officer
$0 $0 $0
KATHY BOYLES OFFICER 2.00
Officer
$0 $0 $0
JASON WILLIAMS Vice President 2.00
Officer
$0 $0 $0
APRIL JONES OFFICER 2.00
Officer
$0 $0 $0
RASHINDA HAMPTON OFFICER 2.00
Officer
$0 $0 $0
LEANDREA LARRY OFFICER 2.00
Officer
$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 $229,139 $209,375 $350,081 $19,764
2023 $250,201 $250,844 $331,249 $-643
2022 $214,874 $187,535 $330,642 $27,339
2021 $190,331 $172,026 $309,941 $18,305
2020 $164,801 $129,570 $299,014 $35,231
2019 $185,326 $171,564 $250,721 $13,762
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