NORTH MAIN STREET FUND

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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

MONICA CIOLFI

Phone

6035739661

Tax Period

2024-01-01 to 2024-12-31

NORTH MAIN STREET FUND, founded in 2017, is a mid-sized nonprofit in the Community Improvement sector that reported $27.1M in total revenue in fiscal year 2024. Revenue surged 763% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSES OF THE CORPORATION SHALL BE TO: ACT EXCLUSIVELY ON BEHALF OF CHARITABLE AND EDUCATIONAL PURPOSES IN SERVICE OF PROMOTING DEMOCRACY AND ECONOMIC, GENDER, CLIMATE, RACIAL, HEALTH AND SOCIAL JUSTICE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

Program Service Accomplishments

Program 1

Expenses: $19,424,451

GRANTS: NORTH MAIN STREET FUND PROVIDES GRANTS TO SELECT 501(C)(3) PROJECTS THAT ALIGN WITH ITS MISSION AND MEET ITS REQUIREMENTS

Program 2

Expenses: $3,608,885

MAILING: NORTH MAIN STREET FUND EXECUTED PROGRAMS TO INCREASE CIVIC ENGAGEMENT AND PROVIDE CIVIC EDUCATION.

Program 3

Expenses: $525,147

RESEARCH AND POLLING: NORTH MAIN STREET FUND CONDUCTS EDUCATIONAL RESEARCH AND POLLING ON TOPICS RELATED TO ITS MISSION.

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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 $26,926,309

Program Service Revenue $0

Investment Income $154,556

Other Revenue $0

TOTAL REVENUE $27,080,865

Expense Breakdown

Grants Paid $19,424,451

Salaries & Benefits $0

Fundraising Expenses $8,445

Program Expenses $25,050,419

Other Expenses $7,053,649

TOTAL EXPENSES $26,486,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,080,865	$3,139,271	+7.6%
Expenses	$26,486,545	$1,689,226	+14.7%
Net Income	$594,320	$1,450,045	-0.6%

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
MONICA CIOLFI	CHAIR	5.00	Officer Director	$0	$0	$0
MARY SCHUH	TREASURER	0.50	Officer Director	$0	$0	$0
PILAR OLIVO	SECRETARY	0.50	Officer Director	$0	$0	$0
COURTNEY JONES	DIRECTOR	0.50	Director	$0	$0	$0
KEAN ZIMMERMAN	DIRECTOR	0.50	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	$27,080,865	$26,486,545	$3,097,949	$594,320
2023	$3,139,271	$1,689,226	$2,850,352	$1,450,045
2022	$1,488,997	$733,310	$811,630	$755,687
2020	$504,097	$408,633	$173,625	$95,464
2019	$800,155	$724,485	$105,475	$75,670
2018	$352,541	$350,050	$2,491	$2,491