Laredo Main Street Inc

Nonprofit profile at a glance

EIN
264472675
IRS 990-EZ coverage
2012–2024
Forms available
Form 990 2018, Form 990-EZ 2024, Form 990-N 2023
Location
Laredo, TX, USA
Phone
9565238817
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Reported finances

Revenue
$31,236
Expenses
$12,949
Assets
$28,250

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

Leadership & pay

15 people listed

Executive titles in this filing

  • ROQUE HAYNES (PRESIDENT)

People named in this filing

  • ROQUE HAYNES (PRESIDENT)
  • VICTOR GARCIA (SECRETARY)
  • RAFAEL TORRES (TREASURER)

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

Economic revitalization of downtown business

What it reported doing in 2024

1st program achievement el centro de laredo farmers market (clfm) laredo main street hosts the el centro de laredo farmers market on the third saturday of each month at the outlet shoppes at laredo. The market connects residents with local farmers, food producers, and artisans while promoting healthy living, supporting small businesses, and contributing to the revitalization of downtown laredo. The market has also served as an economic incubator, helping several vendors grow into permanent brick-and- mortar businesses. Additionally, it addresses food access challenges in the downtown area, which has been identified as a food desert.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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

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: 12
  • Transparency & Controls: 82
  • Sustainability: 70
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 7.8%; rating input score 8
  • Program expense ratio: 18.9%; rating input score 19

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 58.5%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 2.18; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -13.6% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: 11% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: -14.3% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 7.8% of revenue deployed · 18.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $2K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 8/100.
  • High — Financial Efficiency: Program expense ratio scored 19/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.