Cape Charles Va Main Street Inc

EIN: 823611632 501(c)(3) Community Improvement

Cape Charles, VA

Total Revenue
$516,652
Total Expenses
$476,024
Total Assets
$273,919
Net Assets
$57,659
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
William Stramm
Phone
7576782303
Tax Period
2024-07-01 to 2025-06-30

Cape Charles Va Main Street Inc, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $517K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $476K left a modest 8% surplus.

Mission

Create a vibrant and attractive downtown that preserves historical character, encourages economic development and enhances the quality of life

Program Service Accomplishments

Program 1
Expenses: $40,661 Revenue: $45,080

Cape Charles Main Street held its main yearly program event, Festive Fridays (the Fridays between Thanksgiving and Christmas) from 5-8 each Friday. The purpose was to attract visitors to shop, stay...

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Cape Charles Main Street held its main yearly program event, Festive Fridays (the Fridays between Thanksgiving and Christmas) from 5-8 each Friday. The purpose was to attract visitors to shop, stay and play in Cape Charles Historic District. Visitors were treated to free carriage rides, Santa Claus and Mrs. Claus, snow, free music, free movies, free face painting and jugglers.

Program 2
Expenses: $186,127 Revenue: $0

Streetscape beautification design and implementation projects were carried out during the fiscal year to help make the Cape Charles Historic District a more beautiful and appealing place to shop...

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Streetscape beautification design and implementation projects were carried out during the fiscal year to help make the Cape Charles Historic District a more beautiful and appealing place to shop, stay and play. The major projects, among several others, were maintaing a historic train that is prominently displayed in the Historic District, the acquisition of lighting used for display in the Historic District, and design costs for a visitor center.

Program 3
Expenses: $53,851 Revenue: $73,228

Cape Charles Main Street continued its general efforts to promote the Cape Charles historic district by hosting several other smaller community events, including the Love Fest, the Love Run and...

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Cape Charles Main Street continued its general efforts to promote the Cape Charles historic district by hosting several other smaller community events, including the Love Fest, the Love Run and others.

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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 $382,540
Program Service Revenue $118,308
Investment Income $15,804
Other Revenue $0
TOTAL REVENUE $516,652

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,974
Fundraising Expenses $0
Program Expenses $430,101
Other Expenses $370,050
TOTAL EXPENSES $476,024

Year-over-Year Comparison

2024 2023 Change
Revenue $516,652 $353,828 +0.5%
Expenses $476,024 $463,129 +0.0%
Net Income $40,628 $-109,301 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
45

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
$57,656
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Stramm President B of D 10.00
Officer Director
$0 $0 $0
Patricia Harris Vice President B of D 8.00
Officer Director
$0 $0 $0
Gerry Taylor Treasurer 5.00
Officer Director
$0 $0 $0
Tara Ashworth Secretary 5.00
Officer Director
$0 $0 $0
Julie Crouse Board Member 5.00
Director
$0 $0 $0
Jay Abella Board Member 5.00
Director
$0 $0 $0
Karen Zamorski Executive Director 35.00
Officer
$57,656 $0 $57,656
Ken Butta Board Member 5.00
Director
$0 $0 $0
Nancy Perry Board Member 5.00
Director
$0 $0 $0
David Gammino Board Member 5.00
Director
$0 $0 $0
Lenore DeBellis Board Member 5.00
Director
$0 $0 $0
Rick Keuroglian Board Member 5.00
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 $516,652 $476,024 $273,919 $40,628
2024 $353,828 $463,129 $50,472 $-109,301
2023 $349,164 $305,013 $129,263 $44,151
2022 $304,316 $253,714 $86,281 $50,602
2021 $160,445 $158,135 $91,363 $2,310
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