HOWELL, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOWELL MAIN STREET INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $136K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $303K represent 27 months of operating reserves.
HOWELL MAIN STREET INC. IS A VOLUNTEER-LED ORGANIZATION FOCUSED ON CREATING A VIBRANT, STRONG, AND ECONOMICALLY VIABLE DOWNTOWN.
PLACEMAKING, COMMUNITY SPACES AND PROMOTIONS: PROMOTING DOWNTOWN HOWELL AS THE HEART AND HUB OF THE COMMUNITY TO RESIDENTS AND VISITORS THROUGH PROVIDING QUALITY MARKETING, RETAIL, IMAGE BUILDING...
PLACEMAKING, COMMUNITY SPACES AND PROMOTIONS: PROMOTING DOWNTOWN HOWELL AS THE HEART AND HUB OF THE COMMUNITY TO RESIDENTS AND VISITORS THROUGH PROVIDING QUALITY MARKETING, RETAIL, IMAGE BUILDING, AND OTHER SPECIAL EVENTS. CULTIVATING A SENSE OF PLACE, ENSURING OUR COMMUNITY IS AN ATTRACTIVE PLACE TO LIVE,WORK, AND VISIT. PRIMARY RESPONSIBILITIES INCLUDE HISTORIC PRESERVATION,OUTDOOR ART, COMMUNITY SPACE IMPROVEMENTS, EVENTS AND ACTIVITIES,AND OVERALL BEAUTIFICATION OF THE DOWNTOWN. HOWELL MAIN STREET PROVIDES FACADE AND SIGN GRANTS TO SMALL BUSINESSES IN DOWNTOWN HOWELL. ONE GRANT OF 25,000 WAS FUNDED DURING THE FISCAL YEAR, AND ANOTHER FACADE GRANT OF 15,000 THAT WAS COMMITTED IN A PRIOR FISCAL YEAR REMAINS OUTSTANDING AT THE END OF THIS FISCAL YEAR AND IS REPORTED AS A LIABILITY ON THE 6/30/2024 BALANCE SHEET. HOWELL MAIN STREET PROVIDES SEVERAL COMMUNITY EVENTS IN DOWNTOWN HOWELL, INCLUDING ROCK THE BLOCK MUSIC FESTIVALS, FOOD TRUCK RALLIES, ART IN THE GARDEN, ROCKTOBERFEST FOOD AND MUSIS FESTIVAL, SMALL BUSINESS SATURDAY PARTICIPATION, AND VARIOUS HOLIDAY EVENTS. ESTIMATED 350,000 PERSONS BENEFITED FROM THESE ACTIVITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $135,760 | $179,763 | -0.2% |
| Expenses | $142,984 | $173,080 | -0.2% |
| Net Income | $-7,224 | $6,683 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CLARK GILL | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| MARC HARLOW | DIRECTOR / C | N/A |
Officer
Director
|
$0 | $0 | $0 |
| SHANNON HARVEY | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| RICHARD LIM | DIRECTOR/SEC | N/A |
Officer
Director
|
$0 | $0 | $0 |
| DONALD MAIOLATESI | DIRECTOR / T | N/A |
Officer
Director
|
$0 | $0 | $0 |
| DAVID MCDONALD | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| KIM SCHAFER | DIRECTOR/VIC | N/A |
Officer
Director
|
$0 | $0 | $0 |
| KATHERINE LITWIN | COO | N/A |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $135,760 | $142,984 | $318,171 | $-7,224 |
| 2023 | $179,763 | $173,080 | $350,395 | $6,683 |
| 2022 | $130,875 | $64,091 | $323,712 | $66,784 |
| 2021 | $132,445 | $118,500 | $267,628 | $13,945 |
| 2020 | $209,282 | $164,007 | $233,683 | $45,275 |
| 2019 | $244,719 | $159,670 | $177,708 | $85,049 |
| 2018 | $207,593 | $157,235 | $92,659 | $50,358 |
Compare HOWELL MAIN STREET INC with other nonprofits in Michigan and across the country.