MAIN STREET FOUNDATION (EIN 742932297) - 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

1999

Legal Domicile

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

PROMOTE DEVELOPMENT OF COMMUNITY BANKERS AND TEACH FINANCIAL LITERACY.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$743,214

Total Directors

$743,214

Key Employees

Highest Compensated

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

MAIN STREET FOUNDATION