658 MAIN STREET FOUNDATION INC (EIN 831447927) - 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

2018

Legal Domicile

Principal Officer

SOPHIA BOGDASARIAN

Phone

9784309888

Tax Period

2024-07-01 to 2025-06-30

658 MAIN STREET FOUNDATION INC, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $90K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $146K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO PROMOTE AND CARRY OUT THE MAINTENANCE, REPAIR, PROTECTION, PRESERVATION, AND RESTORATION OF THE EXTERIOR AND INTERIOR OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT FAY CLUB BUILDING.

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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 $87,425

Program Service Revenue $0

Investment Income $2,772

Other Revenue $0

TOTAL REVENUE $90,197

Expense Breakdown

Grants Paid $125,591

Salaries & Benefits $0

Fundraising Expenses $847

Program Expenses $143,473

Other Expenses $19,970

TOTAL EXPENSES $145,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,197	$212,167	-0.6%
Expenses	$145,561	$252,798	-0.4%
Net Income	$-55,364	$-40,631	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOPHIA BOGDASARIAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
WILLIAM HANNIGAN	TREASURER	N/A	Officer Director	$0	$0	$0
WILLIAM MCSHEEHY	SECRETARY	N/A	Officer Director	$0	$0	$0
DR RODERICK LEWIN	DIRECTOR	N/A	Director	$0	$0	$0
ASHOK HINGORANY	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL MCLAUGHLIN	DIRECTOR	N/A	Director	$0	$0	$0
TIMOTHY MCNAMARA	DIRECTOR	N/A	Director	$0	$0	$0
NADINE PRICE	DIRECTOR	N/A	Director	$0	$0	$0
PATRICK SLATTERY	DIRECTOR	N/A	Director	$0	$0	$0
CONSTANCE FRIEDERICHS	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL FRIEDERICHS	DIRECTOR	N/A	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	$90,197	$145,561	$206,364	$-55,364
2024	No data	No data	No data	No data
2023	$196,960	$174,823	$320,442	$22,137

658 MAIN STREET FOUNDATION INC