Eustis Main Street Inc

Nonprofit profile at a glance

EIN
593192988
IRS 990-EZ coverage
2011–2011
Forms available
Form 990-EZ 2011
Location
Eustis, FL, USA
Phone
3523578555
Rating
61
Verdict
SUPPORTED
Rating confidence
Limited
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$120,584
Expenses
$135,062
Assets
$15,994

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

15 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To organize and assist in the continued revitalization of our historic downtown and waterfront.

What it reported doing in 2011

Organization: provided strong board leadership continued sound accounting practices planned and implemented fund raisers: taste of eustis, magnolia stroll website maintained: www.eustismainstreet.org held volunteer appreciation party held annual member meeting participated in eustis chamber, eustis business alliance activities executive director development-three conferences, provided quarterly reports to commission, updates to city staff held membership drive held annual planning meeting established 2012-2013 work plan adopted 2012-2013 budget design: volunteers planted and maintained flowers in pocket park encouraged planters along streets to create sense of place working to relocate downtown sculptures for better viewing produced "art in the air" project-52 banners-pam working with city to relocate old trash receptacles promotion: produced 27 free events: 12 first friday street fests, 11 downtown cruise- ins, two day lake county folk festival, light up eustis, easter sun rise service, lighted christmas boat parade produced quarterly calendar of events produced pocket sized calendar of events/spend the day in eustis which features contact information for bay street players, eustis historical society, lake eustis institute, lake eustis museum of art, lake eustis sailing club and trout lake nature center promoted events and district using web, facebook, email and print economic development: identified business resources for website provided district businesses with ideas to help compete such as "how to use social media" and "get ready for small business saturday" business resource team assisted district businesses and property owners

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

SUPPORTED - The filed numbers largely add up. 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: 56
  • Transparency & Controls: 82
  • Sustainability: 10
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.6%; rating input score 59
  • Program expense ratio: 52.3%; rating input score 52

Transparency & Controls

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

Sustainability

  • Operating margin: -12%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 58.6% of revenue deployed · 52.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $71K in reported program spending
  • Leadership: top reported pay $40K · 15 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Review — Financial Efficiency: Program expense ratio scored 52/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.