MAINSTREET OF ATHENS INC

EIN: 813112676 501(c)(3) Community Improvement

ATHENS, TN

Total Revenue
$304,388
Total Expenses
$95,588
Total Assets
$282,743
Net Assets
$281,407
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TN
Principal Officer
ASHTON M BURROWS
Phone
4235067110
Tax Period
2024-01-01 to 2024-12-31

MAINSTREET OF ATHENS INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $304K in total revenue in fiscal year 2024. Revenue surged 194% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 69% operating margin.

Mission

TO CREATE A SUSTAINABLE TOWN CENTER ECONOMY THAT CONTRIBUTES TO THE COMMUNITES' HEALTH WHILE RETAINING THE UNIQUE HISTORY AND CULTURE OF THE LOCAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $304,261
Program Service Revenue $0
Investment Income $0
Other Revenue $127
TOTAL REVENUE $304,388

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,336
Fundraising Expenses $5,791
Program Expenses $45,782
Other Expenses $64,252
TOTAL EXPENSES $95,588

Year-over-Year Comparison

2024 2023 Change
Revenue $304,388 $103,580 +1.9%
Expenses $95,588 N/A N/A
Net Income $208,800 $103,580 +1.0%
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
10
Independent Members
10
Employees
2
Volunteers
50

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
6
$29,037
Total Directors
17
$6,666
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STUART MASON PRESIDENT 0.00
Officer Director
$0 $0 $0
HUGH WILLSON VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
ANNE MONTGOMERY SECRETARY 0.00
Officer Director
$0 $0 $0
ASHTON BURROWS TREASURER 0.00
Officer Director
$0 $0 $0
BRIAN KEY DIRECTOR 0.00
Director
$0 $0 $0
JODY HARRISON DIRECTOR 0.00
Director
$0 $0 $0
RANDY DOWLING DIRECTOR 0.00
Director
$0 $0 $0
ROB PRESTON DIRECTOR 0.00
Director
$0 $0 $0
JUSTIN COFFMAN DIRECTOR 0.00
Director
$0 $0 $0
JOHN GENTRY DIRECTOR 0.00
Director
$0 $0 $0
LISA MAYFIELD PAST PRESIDENT 0.00
Director
$0 $0 $0
BRIANNA BAKER DIRECTOR 0.00
Director
$0 $0 $0
RUSTY ROLLINS DIRECTOR 0.00
Director
$0 $0 $0
LINDSEY FERGUSON DIRECTOR 0.00
Director
$0 $0 $0
JOHN PROFITT DIRECTOR 0.00
Director
$0 $0 $0
TYLER FORREST DIRECTOR 0.00
Director
$0 $0 $0
LISA DOTSON PAST EXECUTIVE DIRECTOR 1.00
Officer Director
$6,666 $0 $6,666
SANDRA KINNEY EXECUTIVE DIRECTOR 1.00
Officer
$22,371 $0 $22,371
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 $304,388 $95,588 $282,743 $208,800
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