FRIENDS OF MAIN STREETS INC

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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

2025-03-01 to 2026-02-28

FRIENDS OF MAIN STREETS INC, founded in 2021, is a small nonprofit that reported $158K in total revenue in fiscal year 2025. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $278K exceeded revenue, resulting in a 76% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $278,374

SHOOT, PRODUCE AND EDIT A WEEKLY TV SHOW THAT PROMOTES THE PEOPLE AND THEIR BUSINESSES IN SMALL TOWNS AND COMMUNITIES LOCATED IN THE MIDWEST. THE NAME OF THE SHOW IS "JOHN MCGIVERN'S MAIN STREETS".

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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 (2025)

Revenue Breakdown

Contributions & Grants $157,770

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $157,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $278,374

Other Expenses $278,374

TOTAL EXPENSES $278,374

Year-over-Year Comparison

	2025	2024	Change
Revenue	$157,770	$380,698	-0.6%
Expenses	$278,374	$397,568	-0.3%
Net Income	$-120,604	$-16,870	+6.1%

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
2026	$157,770	$278,374	$50,933	$-120,604
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