Canal Market District and Enterprise Hub

Nonprofit profile at a glance

EIN
473293365
IRS 990-EZ coverage
2018–2025
Forms available
Form 990 2015, Form 990-EZ 2025
Location
Newark, OH, USA
Phone
7402331301
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Programs

Official website

Reported finances

Revenue
$128,098
Expenses
$110,545
Assets
$290,587
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • BAILEY MCCOY (EXECUTIVE DIRECTOR)

People named in this filing

  • CARSON MARSH (TRUSTEE)
  • THOMAS HENSHAW (TRUSTEE)
  • JAYME BLACKSTONE (TRUSTEE)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the canal market district and enterprise hub is to improve community access to healthy, local food and promote local economic development rooted in licking county's history, culture and local bounty. It will improve the livelihood of local food producers and entrepreneurs, and encourage the development of new food-related businesses and jobs.

What it reported doing in 2025

The canal market district and enterprise hub ("cmdeh") completed its tenth year of programming in 2025. We again hosted an outdoor seasonal farmers market for six months of the year (may-october). Also, we extended our market to be year-round, with the addition of an indoor market at the arcade (nov-april). We participated in the produce perks program all season, which allows snap recipients to receive up to $25 extra per day to spend on fresh fruits and vegetables. Between snap redemptions and produce perks, we distributed over $30,000 in food benefits to low-income families in our area. Each of our markets hosts 50+ vendors, small business people who are directly impacted by the opportunity to sell at our venue. In addition, we also manage the canal market pavilion and make the space available to the public for events.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Revenue has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 100
  • Sustainability: 64
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.3%; rating input score 70
  • Program expense ratio: 80.6%; rating input score 81

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: 13.7%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 2.63; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 34.8%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 2.7% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: -6% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 11% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 70.3% of revenue deployed · 80.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $89K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.