MAIN STREET FOUNDATION

EIN: 742932297 501(c)(3) Public & Societal Benefit

AUSTIN, TX

Total Revenue
$996,948
Total Expenses
$1,119,701
Total Assets
$615,322
Net Assets
$638
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
CHRISTOPHER WILLISTON VI
Phone
5124746889
Tax Period
2023-01-01 to 2023-12-31

MAIN STREET FOUNDATION, founded in 1999, is a small nonprofit in the Public & Societal Benefit sector that reported $997K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

FUNDS INITIATIVES WITH THE POWER TO HELP COMMUNITY BANKERS ACTIVELY CREATE A MORE SECURE FINANCIAL FUTURE FOR ALL TEXANS. FOCUS IS DIRECTED TOWARD FINANCIAL LITERACY PROGRAMS FOR BANKERS.

Program Service Accomplishments

Program 1
Expenses: $849,873 Revenue: $587,927

COMMUNITY BANK EDUCATION INCLUDES A BLEND OF PRACTICAL ONE-FIVE DAY INSTRUCTOR-LED/ONLINE SEMINARS AND BANKING SCHOOLS THAT FOCUS ON RULES AND REGULATIONS THAT GOVERN LENDING, INVESTMENT AND...

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COMMUNITY BANK EDUCATION INCLUDES A BLEND OF PRACTICAL ONE-FIVE DAY INSTRUCTOR-LED/ONLINE SEMINARS AND BANKING SCHOOLS THAT FOCUS ON RULES AND REGULATIONS THAT GOVERN LENDING, INVESTMENT AND OPERATIONAL PRACTICES IN COMMUNITY BANKS.

Program 2
Expenses: $17,993

SCHOLARSHIP PROGRAM FOR EMPLOYEES OF ANY MEMBER BANK TO ATTEND A SPECIFIC BANKING SCHOOL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $350,152
Program Service Revenue $639,627
Investment Income $0
Other Revenue $7,169
TOTAL REVENUE $996,948

Expense Breakdown

Grants Paid $17,993
Salaries & Benefits $403,015
Fundraising Expenses $15,369
Program Expenses $867,866
Other Expenses $698,693
TOTAL EXPENSES $1,119,701

Year-over-Year Comparison

2023 2022 Change
Revenue $996,948 $816,564 +0.2%
Expenses $1,119,701 $1,000,430 +0.1%
Net Income $-122,753 $-183,866 -0.3%
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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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
35

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
5
$743,214
Total Directors
13
$743,214
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAY IACOPONELLI PRESIDENT (0 27.00
Officer Director
$65,788 $15,746 $111,742
CHRISTOPHER WILLISTON VI PRESIDENT (0 2.00
Officer Director
$20,611 $47,792 $395,720
URSULA JIMENEZ SECRETARY/TR 1.00
Officer Director
$7,728 $37,756 $235,752
HAZEM AHMED CHAIR (01-09 1.00
Officer Director
$0 $0 $0
KEVIN MONK CHAIR (10-12 1.00
Officer Director
$0 $0 $0
KEVIN MONK DIRECTOR (01 1.00
Director
$0 $0 $0
JONATHAN GALEANO DIRECTOR 1.00
Director
$0 $0 $0
BRIAN MAREK DIRECTOR (01 1.00
Director
$0 $0 $0
CHARLES M NEFF DIRECTOR 1.00
Director
$0 $0 $0
GLEN THURMAN DIRECTOR (01 1.00
Director
$0 $0 $0
BRAD WOMACK DIRECTOR 1.00
Director
$0 $0 $0
BRIAN BOWERS DIRECTOR (DE 1.00
Director
$0 $0 $0
BREANNE GRANBERG DIRECTOR (DE 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 $996,948 $1,119,701 $615,322 $-122,753
2022 $816,564 $1,000,430 $633,352 $-183,866
2021 $511,646 $763,119 $699,179 $-251,473
2020 $317,379 $402,341 $739,050 $-84,962
2019 $960,413 $850,493 $888,931 $109,920
2018 $627,876 $629,713 $745,970 $-1,837
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