NORTH CAPITAL MAIN STREET (EIN 861079764) - 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

2003

Legal Domicile

Principal Officer

Aisha Bond

Phone

2022990698

Tax Period

2023-01-01 to 2023-12-31

NORTH CAPITAL MAIN STREET, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $285K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $352K exceeded revenue, resulting in a 23% operating deficit.

Mission

The organization was formed to promote and stimulate North Capitol main street business district revitalization in the Bloomingdale, Elkington and Truxton Circle neighborhoods

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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 (2023)

Revenue Breakdown

Contributions & Grants $285,335

Program Service Revenue $0

Investment Income $39

Other Revenue $0

TOTAL REVENUE $285,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,409

Fundraising Expenses $1,055

Program Expenses $311,973

Other Expenses $278,864

TOTAL EXPENSES $352,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,374	$480,227	-0.4%
Expenses	$352,273	$417,744	-0.2%
Net Income	$-66,899	$62,483	-2.1%

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

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

$71,055

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Executive Director	40	Key Emp	$48,182	$0	$48,182
Shawn McGhee	Executive Director	40	Key Emp	$18,845	$0	$18,845
Layma Askarzoi	Executive Director	40	Key Emp	$4,028	$0	$4,028
Ayeola Alexander	President	2	Director	$0	$0	$0
Adam Duffy	Vice Chairperson	2	Director	$0	$0	$0
Tamara Henry	Board Member	2	Director	$0	$0	$0
Sheriff Ibrahim	Board Member	2	Director	$0	$0	$0
Michelle Shelton	Board Member	2	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
2023	$285,374	$352,273	$51,088	$-66,899
2022	$480,227	$417,744	$195,740	$62,483
2021	$495,765	$535,571	No data	$-39,806
2021	$361,881	$538,006	$-17,780	$-176,125
2020	$493,137	$522,845	$196,183	$-29,708
2020	$573,141	$517,010	$165,236	$56,131
2019	$593,251	$571,491	$136,509	$21,760
2018	$418,730	$390,981	$90,207	$27,749

NORTH CAPITAL MAIN STREET