Rome Main Street Alliance Inc

Nonprofit profile at a glance

EIN
141974052
IRS 990 coverage
2015–2017
Forms available
Form 990 2017
Location
Rome, NY, USA
Phone
3157443295
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
International Development

Official website

Reported finances

Revenue
$126,906
Expenses
$113,995
Assets
$405,958
Liabilities
$180,742

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • DAVID AMIDON (PRESIDENT)

Highest reported compensation

  • MICHAEL BROWN (EXECUTIVE DI): $40,599 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To stimulate downtown and neighborhood revitalization in the city of rome by lessening the burden on the local, state and federal government, preserving and enhancing the historic character, educating the public about the history of the downtown/neighborhood district and building leadership in the business community to achieve charitable and educational purpose.

What it reported doing in 2017

To stimulate downtown and neighborhood revitalization in the city of rome.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program 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

MIXED - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 28
  • Transparency & Controls: 90
  • Accountability: 65
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 29.5%; rating input score 30
  • Program expense ratio: 32.8%; rating input score 33
  • Fundraising efficiency: Limited

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: 90.9%; rating input score 91; 24th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.2%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 3.56; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 35.6%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 46.5% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 93.4% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 8.6% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 29.5% of revenue deployed · 32.8% of spending went to programs
  • Governance: 10 of 11 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $37K in reported program spending
  • Leadership: top reported pay $41K · 11 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2015 to 2017
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 33/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.