MAIN STREET ATMORE FOUNDATION (EIN 872358366) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

SHELIO FAIRCLOTH

Phone

2512539787

Tax Period

2024-01-01 to 2024-12-31

MAIN STREET ATMORE FOUNDATION, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $353K in total revenue in fiscal year 2023. Revenue surged 866% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 31% operating margin.

Mission

THE PURPOSES FOR WHICH THE MAIN STREET FOUNDATION IS ORGANIZED ARE TO STIMULATE DISTRICT REVITALIZATION IN THE CITY OF ATMORE, ALABAMA THROUGH ORGANIZATION (ENCOURAGING COOPERATION AND BUILDING LEADERSHIP IN THE BUSINESS COMMUNITY); ECONOMIC VITALITY (STRENGTHENING DOWNTOWNS EXISTING ECONOMIC ASSETS WHILE DIVERSIFYING ITS ECONOMIC BASE); PROMOTION (CREATING A POSITIVE IMAGE FOR DOWNTOWN BY PROMOTING THE DOWNTOWN AS AN EXCITING PLACE TO LIVE, SHOP, AND INVEST); DESIGN (IMPROVING THE APPEARANCE OF THE DOWNTOWN); AND TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS IN CONNECTION WITH ANY ACTIVITIES RELATED TO THE ABOVE PURPOSES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $189,727

Program Service Revenue $0

Investment Income $0

Other Revenue $50,746

TOTAL REVENUE $240,473

Expense Breakdown

Grants Paid $93,254

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,943

Other Expenses $14,496

TOTAL EXPENSES $107,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,473	$352,984	-0.3%
Expenses	$107,750	$243,570	-0.6%
Net Income	$132,723	$109,414	+0.2%

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
DALE ASH	CHAIR	2.00	Officer Director	$0	$0	$0
CINDY COVILLE	DIRECTOR	2.00	Officer Director	$0	$0	$0
SHELIO FAIRCLOTH	CO-CHAIR	2.00	Officer Director	$0	$0	$0
MARY BESS POWELL	TREASURER	2.00	Director	$0	$0	$0
SHINORA REDMOND	SECRETARY	2.00	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	$240,473	$107,750	$304,273	$132,723
2023	$352,984	$243,570	$171,550	$109,414

MAIN STREET ATMORE FOUNDATION