Main Street McMinnville

Legal name: Main Street Mcminnville Inc

Nonprofit profile at a glance

EIN
621804950
IRS 990 coverage
2024–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2023
Location
McMinnville, TN, US
Phone
931 506 5335
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$309,313
Expenses
$314,777
Assets
$121,617
Liabilities
$23,522

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

Leadership & pay

23 people listed

Executive titles in this filing

  • RAVEN YOUNG (President)

People named in this filing

  • ALMA SHOEMAKER (Secretary)
  • KELLEY SNYDER (Director)
  • RACHEL KILLEBREW (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Main Street McMinnville’s mission is to preserve, enrich, and promote our historic downtown as the vibrant heart of our community!

What it reported doing in 2024

Main Street McMinnville Statement of Program Service Accomplishments July 1, 2024 - June 30, 2025During the last fiscal year from July 1, 2024 to June 30, 2025, Main Street McMinnville continued as a certified member of the National Main Street organization to offer benefits to the community of Warren County, visitors and the businesses that reside on Main Street within the Historic District. Main Street McMinnville operates with a Board of Directors with the following National Main Street Four Point organization: 1. Design Committee - Assistance with Historic District guideline implementation for design and restoration, Web site viewing of properties for rent and for sale within the district, repair and replace windows in historic building through a grant; 2. Promotion Committee - Sponsored multiple community events, such as Main street Live, an eight week event in the summer that offers free community concerts each Friday night with an average attendance above 700 people, Christmas downtown event, support to other community events such as the Autumn Street Fair, Highland Rim Cycling Event, Fourth of July Celebration, Christmas Parade, and others;3. Organization Committee - membership drives, fundraisers, educational opportunities for business owners, production of a newsletter sent to members;4. Economic Restructuring Committee - continued to offer a tax abatement program to business and building owners but there were none implemented during this period.

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 85
  • Accountability: 6
  • Sustainability: 33
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91%; rating input score 91
  • Program expense ratio: 89.5%; rating input score 89
  • Fundraising efficiency: $27.45 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.8%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 0.39; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.6% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: -4.8% per year; rating input score 0; 11th percentile among comparable filings

Details

  • What they do: 7 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 91% of revenue deployed · 89.5% of spending went to programs
  • Governance: 0 of 16 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $282K in reported program spending
  • Leadership: top reported pay $0 · 23 people listed
  • Consistency: 18 of 19 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.