Rockland Main Street Inc

Overview

Mission

To educate and disseminate information of and promote interest in the preservation, protection and use of rockland's traditional downtown area.

What it reported doing in 2023

Sponsorship of special events educating the public about rockland's historical, cultural and economic roles and promoting preservation of the historical district in downtown rockland.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
264729005
IRS 990-EZ coverage
2011–2023
Forms available
Form 990-EZ 2023
Headquarters
Rockland, ME, USA
Phone
2075936093
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 100
  • Sustainability: 13
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.4%; rating input score 78
  • Program expense ratio: 60.9%; rating input score 61

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -28.7%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 3.46; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 39th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: -0.7% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 78.4% of revenue deployed · 60.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $83K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 annual filings from 2011 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

9 people listed

Source: IRS Form 990-EZ. Selected filing: FY2023.