Middletown Main Street Inc

Nonprofit profile at a glance

EIN
203003808
IRS 990-EZ coverage
2010–2025
Forms available
Form 990-EZ 2025
Location
Middletown, DE, USA
Phone
3025216308
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Official website

Reported finances

Revenue
$54,776
Expenses
$37,446
Assets
$25,276

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Kate Rokosz (Executive Director)
  • Chris Beronio (President)

People named in this filing

  • Kate Rokosz (Executive Director)
  • Chris Beronio (President)
  • Nicolas Vacirca (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-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Middletown Main Street, Inc is focused on the promotion and advancement of Middletown, DE small business community within its legally defined boundaries to support and maintain a vibrant economic main street.

What it reported doing in 2025

2025 Spring Charcuterie Crawl. This adult night out brought over 225 people into retail shops to experience a bite and beverage while visiting retail providers. An engaging evening up and down main street, this event is quite popular both with the merchants gaining new foot traffic and attendees to have a fun evening out.

Operating model

Revenue model
Donor-supported. 66% 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

MIXED - 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: 36
  • Transparency & Controls: 82
  • Sustainability: 50
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.7%; rating input score 31
  • Program expense ratio: 44.9%; rating input score 45

Transparency & Controls

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

Sustainability

  • Operating margin: 31.6%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.67; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 40.2%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -3.5% per year; rating input score 0; 39th percentile among comparable filings
  • Revenue growth: -3.3% per year; rating input score 0; 38th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 30.7% of revenue deployed · 44.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $17K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 31/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 45/100.
  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.