North Vernon Main Street
Legal name: North Vernon Main Street Inc
Nonprofit profile at a glance
- EIN
- 873621317
- IRS 990-EZ coverage
- 2023–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2025, Form 990-N 2022
- Location
- North Vernon, IN, USA
- Phone
- 8125921425
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $141,830
- Expenses
- $146,125
- Assets
- $23,324
- Liabilities
- $222
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- ALDEN RUDICEL (PRESIDENT)
People named in this filing
- JACK KELLEY (BOARD MEMBER)
- ALDEN RUDICEL (PRESIDENT)
- KATELYN JOHNSON (BOARD MEMBER)
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
North Vernon Main Street is a 501(c)(3) not for profit dedicated to Historic preservation, downtown promotion, economic vitality and design.
What it reported doing in 2025
To pursue downtown vibrancy and business resilience and creation in the city of north vernon.
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% 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 a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 100
- Sustainability: 21
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.4%; rating input score 62
- Program expense ratio: 60.6%; rating input score 61
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: -3%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 39.1%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 19.8% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: -21.6% per year; rating input score 0; 6th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 62.4% of revenue deployed · 60.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $89K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2023 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.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.