INDEPENDENCE SQUARE MAIN STREET CORPORATION (EIN 874107258) - 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

JEFFREY S ROGERS

Phone

8163817181

Tax Period

2025-01-01 to 2025-12-31

INDEPENDENCE SQUARE MAIN STREET CORPORATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $261K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE AN ATTRACTIVE AND FINANCIALLY STABLE DOWNTOWN WHILE PRESERVING OUR HISTORIC RESOURCES AND ENRICHING THE COMMUNITY

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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 $214,125

Program Service Revenue $34,254

Investment Income $118

Other Revenue $12,800

TOTAL REVENUE $261,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,734

Fundraising Expenses $8,517

Program Expenses $255,213

Other Expenses $214,996

TOTAL EXPENSES $263,730

Year-over-Year Comparison

	2025	2024	Change
Revenue	$261,297	$240,849	+0.1%
Expenses	$263,730	$218,267	+0.2%
Net Income	$-2,433	$22,582	-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

Independent Members

N/A

Employees

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

$45,000

Total Directors

$45,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY S ROGERS	EXECUTIVE DIRECTOR	50.00	Officer Director	$45,000	$0	$45,000
TREVOR TILTON	PRESIDENT	5.00	Director	$0	$0	$0
SEAN FITE	VICE PRESIDENT	5.00	Director	$0	$0	$0
BECKIE FITE	SECRETARY	5.00	Director	$0	$0	$0
YVONNE HALL	TREASURER	5.00	Director	$0	$0	$0
CINDY MCCLAIN	DIRECTOR	2.00	Director	$0	$0	$0
NANETTE PICKENS	DIRECTOR	2.00	Director	$0	$0	$0
ANGIE JUDY	DIRECTOR	2.00	Director	$0	$0	$0
BRANDY SPEARMAN	DIRECTOR	2.00	Director	$0	$0	$0
KIRSTEN CONLEY	DIRECTOR	2.00	Director	$0	$0	$0
AUSTIN CONLEY	DIRECTOR	2.00	Director	$0	$0	$0
DOUG COWAN	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN PALMER	DIRECTOR	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
2025	$261,297	$263,730	$32,727	$-2,433
2024	$240,849	$218,267	$35,635	$22,582
2023	$227,659	$228,264	$12,092	$-605
2022	$199,361	$213,652	$13,139	$-14,291

INDEPENDENCE SQUARE MAIN STREET CORPORATION