FRIENDS OF MAIN STREETS INC (EIN 862588354) - 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

2021

Legal Domicile

Principal Officer

LAURA SVATECK

Phone

4142716650

Tax Period

2024-03-01 to 2025-02-28

FRIENDS OF MAIN STREETS INC, founded in 2021, is a small nonprofit that reported $381K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THROUGH CREATIVE STORYTELLING, OUR GOAL IS TO EDUCATE AND AMUSE VIEWERS, HELPING THEM RELATE ON A PERSONAL LEVEL TO THE PEOPLE AND PLACES WE VISIT. THESE STORIES WILL INSPIRE A POSITIVE CONNECTION WITH THE COMMUNITIES, PROMOTING TOURISM AND ENHANCING THE LOCAL ECONOMY.

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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 $380,698

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $380,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $397,568

Other Expenses $397,568

TOTAL EXPENSES $397,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,698	$441,750	-0.1%
Expenses	$397,568	$318,367	+0.2%
Net Income	$-16,870	$123,383	-1.1%

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

N/A

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
MICHAEL BREVER	VICE PRESIDENT	0.00	Officer	$0	$0	$0
ANDREA KNEELAND	SECRETARY	0.00	Officer	$0	$0	$0
LAURA SVATEK	PRESIDENT	1.00	Officer	$0	$0	$0
ANGELA ADAMS	TREASURER	0.00	Officer	$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	$380,698	$397,568	$171,537	$-16,870
2024	$441,750	$318,367	$194,361	$123,383
2023	$509,500	$747,340	$69,118	$-237,840
2022	$790,000	$507,644	$283,356	$282,356

FRIENDS OF MAIN STREETS INC