698 SOUTH MAIN STREET INC (EIN 821219894) - 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

2017

Legal Domicile

Principal Officer

CATHERINE AWWAD

Phone

2033462607

Tax Period

2024-07-01 to 2025-06-30

698 SOUTH MAIN STREET INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $232K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $78K, a strong 34% operating margin.

Mission

TO PROMOTE THE COMMON GOOD, GENERAL WELFARE, AND ECONOMIC DEVELOPMENT IN THE CITY OF WATERBURY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $232,122

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $232,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,447

Other Expenses $154,305

TOTAL EXPENSES $154,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,122	$392,548	-0.4%
Expenses	$154,305	$149,046	+0.0%
Net Income	$77,817	$243,502	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE AWWAD	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER MCCASLAND	SECRETARY	1.00	Officer Director	$0	$0	$0
KLAUS BABIARZ	TREASURER	1.00	Officer Director	$0	$0	$0
GEOFFREY GREEN	DIRECTOR	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
2025	$232,122	$154,305	$8,526,291	$77,817
2024	$392,548	$149,046	$8,425,028	$243,502
2023	$2,593,156	$164,616	$8,522,485	$2,428,540
2022	$98,070	$58,526	$5,759,173	$39,544
2021	$10,800	$62,477	$5,673,426	$-51,677
2020	$37,384	$10,127	$2,963,645	$27,257
2019	$1,284,720	$7,309	$3,089,457	$1,277,411

698 SOUTH MAIN STREET INC