Mount Airy Main Street Association Inc

Nonprofit profile at a glance

EIN
331190074
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
Mount Airy, MD, USA
Phone
3018291983
Rating
71
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Community, Neighborhood Development

Reported finances

Revenue
$47,143
Expenses
$32,192
Assets
$61,160
Liabilities
$0

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

Leadership & pay

10 people listed

Executive titles in this filing

  • Kelly Patrick (President)

People named in this filing

  • Kelly Patrick (President)
  • Alexandra Banderas (Board Member)
  • Ray Miller (Secretary)

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

In conjunction with the Town of Mount Airy government, the Mout Airy Main Street Association works to revitalize the downtown historic and commercial district and works to make the district a vibrant commercial hub and a cultural and a family friendly event center branding Mount

What it reported doing in 2024

For over 14 years the Mount Airy Main Street Association has run the the downtown Farmers Market. This event was created in response to residents requests for a local market offering local produce, meats, dairy and other products. Its purpose was and still is to service the community, fill a need for local, heathy, and fresh produce while supporting local agriculture. Several years ago the market started the Nutrition Bucks program. Using grant funds, the market offered vouchers administered by the local food bank to individuals and families in the need of food assistance. Every year, a portion of the grant funds are dispensed directly to Mount Airy Area Net, our local food bank, to provide some assistance in their on-going program of support to needed individuals and families. Any income in excess of expenses is used to pay annual startup costs to put the market on a solid financial footing for the start of the next year.

Operating model

Revenue model
Other-operating. 85% of the money available for current operations came from other operating 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 100
  • Accountability: 76
  • Sustainability: 63
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.2%; rating input score 46
  • Program expense ratio: 67.7%; rating input score 68
  • Fundraising efficiency: $16.72 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 31.7%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 1.9; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -51.5% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -39.9% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 46.2% of revenue deployed · 67.7% of spending went to programs
  • Governance: 10 of 10 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $22K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.