Bardstown Main Street Inc
Nonprofit profile at a glance
- EIN
- 994627602
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Bardstown, KY, USA
- Phone
- 5022759657
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $187,971
- Expenses
- $284,482
- Assets
- $110,314
- Liabilities
- $4,523
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
People named in this filing
- LADARA HICKS (CHAIRPERSON)
- KENREA WARD (CO-CHAIRPERSON)
- CARRIE PRIDE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our main street program was organized to help revitalize downtown bardstown and is appropriately tailored to meet our communitys local resources, conditions, and needs.
What it reported doing in 2024
Arts & crafts festival
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.
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: 79
- Transparency & Controls: 100
- Sustainability: 21
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.4%; rating input score 91
- Program expense ratio: 60.4%; rating input score 60
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -51.3%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.39; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 91.4% of revenue deployed · 60.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $172K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.