Colfax Main Street Inc

Nonprofit profile at a glance

EIN
270306610
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Colfax, IA, USA
Phone
5154906514
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$97,160
Expenses
$67,805
Assets
$355,162
Liabilities
$3,039

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • CINDY VAN DUSSELDORP (President)
  • BRAD MAGG (Vice-president)

People named in this filing

  • BRAD HAGARTY (Director)
  • NICKI STRAVERS (Director)
  • KORIE WHITEMAN (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

Promotion committee. In charge of volunteer recruitment and organizing, fundraising activities, and community activities. Design committee - in charge of volunteer recruitument and organizing for the beautification of the downtown area. Organization committee - in charge of volunteer recruitment and organization, fundraising, a newsletter and general office tasks. Business improvement- promoting and expanding the local business

What it reported doing in 2024

Organization committee - in charge of volunteer recruitment and organization, fundraising, a newsletter and general office tasks.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 67
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

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: 30.2%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 5.24; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 44.2%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -18.2% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -0.9% per year; rating input score 0; 48th percentile among comparable filings
  • Asset growth: 7.8% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.