Neartown Inc

EIN: 815401258 501(c)(3) Human Services

Murray, KY

Total Revenue
$1,720,707
Total Expenses
$2,024,094
Total Assets
$1,076,729
Net Assets
$137,115
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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
2017
Principal Officer
JEREME ROSE
Tax Period
2024-01-01 to 2024-12-31

Neartown Inc, founded in 2017, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

Education

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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 $30,484
Program Service Revenue $1,627,665
Investment Income $380
Other Revenue $62,178
TOTAL REVENUE $1,720,707

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,386,441
Fundraising Expenses $0
Program Expenses $2,024,094
Other Expenses $637,653
TOTAL EXPENSES $2,024,094

Year-over-Year Comparison

2024 2023 Change
Revenue $1,720,707 $1,669,674 +0.0%
Expenses $2,024,094 $1,575,640 +0.3%
Net Income $-303,387 $94,034 -4.2%
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
5
Independent Members
5
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jereme Rose DIRECTOR 0.00
Officer
$0 $0 $0
ELLE ROSE TREASURER 0.00
Officer
$0 $0 $0
MARK HURT SECRETARY 0.00
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 $1,720,707 $2,024,094 $1,076,729 $-303,387
2023 $1,669,674 $1,575,640 $946,923 $94,034
2022 $1,287,128 $1,326,052 $650,617 $-38,924
2021 $526,012 $631,284 $656,820 $-105,272
2020 $200,699 $193,520 $341,765 $7,179
2019 $233,298 $168,167 $240,633 $65,131
2018 $175,123 $142,606 $176,616 $32,517
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