MAIN STREET FORT DODGE INC

EIN: 823270664 501(c)(3)

FORT DODGE, IA

Total Revenue
$246,911
Total Expenses
$273,787
Total Assets
$315,324
Net Assets
$294,530
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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
IA
Principal Officer
MEGAN MOORE
Phone
5155733172
Tax Period
2023-01-01 to 2023-12-31

MAIN STREET FORT DODGE INC, founded in 2017, is a small nonprofit that reported $247K in total revenue in fiscal year 2023. Revenue surged 161% from the prior year, signaling strong growth momentum. Expenses of $274K exceeded revenue, resulting in a 11% operating deficit.

Mission

MAIN STREET FORT DODGE IS A VOLUNTEER ORGANIZATION THAT FOSTERS PUBLIC-PRIVATE PARTNERSHIPS, TO REVITALIZE AND MARKET HISTORIC DOWNTOWN FORT DODGE.

Program Service Accomplishments

Program 1
Expenses: $225,652

WORKING TO RECLAIM THE DOWNTOWN'S HISTORICAL PURPOSE AND PROSPERITY BY REVITALIZING THE CULTURE AND CHARACTER OF ITS ORIGINAL MERCHANT DISTRICT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $242,621
Program Service Revenue $0
Investment Income $4,290
Other Revenue $0
TOTAL REVENUE $246,911

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $69,972
Fundraising Expenses $19,650
Program Expenses $225,652
Other Expenses $178,815
TOTAL EXPENSES $273,787

Year-over-Year Comparison

2023 2022 Change
Revenue $246,911 $94,611 +1.6%
Expenses $273,787 $218,655 +0.3%
Net Income $-26,876 $-124,044 -0.8%
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
1
Volunteers
70

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
5
$65,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY KAY DANIEL PROMOTION CHAIR 0.87
Director
$0 $0 $0
TIM DOYLE BOARD MEMBER 0.31
Director
$0 $0 $0
LAURA EASTWOOD BOARD MEMBER 0.33
Director
$0 $0 $0
KATHY FLANNERY-SALGREN TREASURER 0.69
Officer Director
$0 $0 $0
ROB GREBNER COMMUNICATIONS CHAIR 0.63
Director
$0 $0 $0
LUKE HUGGHINS PAST-PRESIDENT 0.98
Director
$0 $0 $0
RYAN KEHM BOARD MEMBER 0.19
Director
$0 $0 $0
NATALIE NEWELL SECRETARY 0.48
Officer Director
$0 $0 $0
GABE PETTIT VICE PRESIDENT 0.11
Officer Director
$0 $0 $0
KATE STUCKY PRESIDENT 0.44
Officer Director
$0 $0 $0
SHARON STROH EXECUTIVE DIRECTOR 40.00
Officer
$65,000 $0 $65,000
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
2023 $246,911 $273,787 $315,324 $-26,876
2022 $94,611 $218,655 $341,967 $-124,044
2021 $162,585 $174,066 $455,224 $-11,481
2021 $132,351 $99,710 $463,676 $32,641
2020 $183,348 $187,818 $469,236 $-4,470
2019 $175,955 $103,245 $460,179 $72,710
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