Genoa Main Street Inc
Nonprofit profile at a glance
- EIN
- 364079552
- IRS 990-EZ coverage
- 2012–2012
- Forms available
- Form 990-EZ 2012, Form 990-N 2011
- Location
- Genoa, IL, USA
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Limited
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $43,288
- Expenses
- $45,914
- Assets
- $15,065
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
13 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Genoa main street, inc. Is a volunteer organization dedicated to preserving genoa's historic heritage and small town wholesomeness while promoting economic development and downtown improvements.
What it reported doing in 2012
Genoa springboard - a small business incubator offering shared services
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 82
- Sustainability: 23
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.8%; rating input score 75
- Program expense ratio: 70.6%; rating input score 71
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -6.1%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 22; 22nd 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: 74.8% of revenue deployed · 70.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $32K in reported program spending
- Leadership: top reported pay $24K · 13 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 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.
- Moderate — Sustainability: Operating margin scored 35/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.