MAIN STREET JASPER INC

EIN: 851336309 501(c)(3) Community Improvement

JASPER, IN

Total Revenue
$198,036
Total Expenses
$180,789
Total Assets
$132,794
Net Assets
$131,246
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IN
Principal Officer
RUGER KERSTEINS
Phone
8123093699
Tax Period
2024-01-01 to 2024-12-31

MAIN STREET JASPER INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $198K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $181K left a modest 9% surplus.

Mission

THE PRIMARY PURPOSE IS: TO REVITALIZE AND IMPROVE PROPERTIES, BUILDINGS, AND HISTORICAL LOCATIONS IN AN AREA KNOWN AS THE MAIN STREET AREA IN THE CITY OF JASPER, INDIANA; TO DEVELOP AND PROMOTE RECREATION AND TOURISM FOR THE CITY OF JASPER, INDIANA; TO FUNCTION EXCLUSIVELY FOR CHARITABLE AND RELIGIOUS PURPOSES, INCLUDING, FOR SUCH PRUPOSES, THE AMKING OF DISTRIBUTIONS TO ACTIVITIES AND PROJECTS WHICH CONTRIBUTE TO THE ACCOMPLISHMENT OF THE EXEMPT PURPOSE SET FORTH ABOVEOT TO ORGANIZATIONS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVEENUE CODE OF 1986, AS AMENDED, OR ANY SUCCESSOR STATUTE THERETO (THE "CODE"); TO HAVE AND EXCERCISE ALL OF THE GENERAL RIGHTS AND POWERS OF NONPROFIT CORPORATIONS PROVIDED FOR BY THE LAWS OF THE STATE OF INDIANA AS THEY NOW EXIST OR BY ANY AMENDMENTS THERETO, SUCH RIGHTS AND POWERS TO BE CONSISTENT WITH AND LIMITED BY THE PURPOSES EXPRESSED ABOVE.

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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 $180,797
Program Service Revenue $0
Investment Income $725
Other Revenue $16,514
TOTAL REVENUE $198,036

Expense Breakdown

Grants Paid $68,700
Salaries & Benefits $31,844
Fundraising Expenses $0
Program Expenses $180,789
Other Expenses $80,245
TOTAL EXPENSES $180,789

Year-over-Year Comparison

2024 2023 Change
Revenue $198,036 $297,282 -0.3%
Expenses $180,789 $254,991 -0.3%
Net Income $17,247 $42,291 -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

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
85

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARLA BLAZEY VICE PRESIDE 5.00
Officer Director
$0 $0 $0
CAROLINE BRINSTER DIRECTOR 3.00
Director
$0 $0 $0
BRITTANY DUNLOP SECRETARY 5.00
Officer Director
$0 $0 $0
PEYTON GENTRY DIRECTOR 3.00
Director
$0 $0 $0
CAROLINE GOBERT DIRECTOR 3.00
Director
$0 $0 $0
BRIAN K HOSTETTER TREASURER 5.00
Officer Director
$0 $0 $0
DENISE IZZOLENA DIRECTOR 3.00
Director
$0 $0 $0
MADISON KAISER DIRECTOR 3.00
Director
$0 $0 $0
RUGER KERSTEINS PRESIDENT 5.00
Officer Director
$0 $0 $0
KURT VONDERHEIDE DIRECTOR 3.00
Director
$0 $0 $0
MARK VONDERHEIDT DIRECTOR 3.00
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
2024 $198,036 $180,789 $132,794 $17,247
2023 $297,282 $254,991 $116,031 $42,291
2022 $279,447 $259,454 $73,628 $19,993
2021 $204,085 $229,183 $53,218 $-25,098
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