Main Street Vero Beach Inc
Nonprofit profile at a glance
- EIN
- 650446755
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Vero Beach, FL, USA
- Phone
- 7726436782
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $64,678
- Expenses
- $49,953
- Assets
- $28,966
- Liabilities
- $1,378
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- MORGEN REYNOLDS (PRESIDENT)
- LISA MCNAMEE (VICE PRESIDENT)
- JAQUELYN WILLIAMS (EXECUTIVE DIRECTOR)
People named in this filing
- MORGEN REYNOLDS (PRESIDENT)
- LISA MCNAMEE (VICE PRESIDENT)
- CHARLES ROBINSON (OUTGOING 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
Promote economic activity in downtown vero beach
What it reported doing in 2024
Organizing monthly street festivals to draw attention to and promote historical downtown vero beach
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 48
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
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: 22.8%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 50%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 34.3% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: -2.2% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: 9.1% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $106K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.