Thibodaux Main Street Inc

Nonprofit profile at a glance

EIN
202176775
IRS 990-EZ coverage
2019–2025
Forms available
Form 990-EZ 2025, Form 990-T 2024, Form 990-N 2008
Location
Thibodaux, LA, USA
Phone
9854139886
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$75,907
Expenses
$113,053
Assets
$98,508
Liabilities
$176

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

Leadership & pay

5 people listed

Executive titles in this filing

  • BLAKE BARBERA (PRESIDENT)
  • CODY BLANCHARD (VICE-PRESIDENT)

People named in this filing

  • LAUREN RHODES-CHARLES (DIRECTOR)
  • BLAKE BARBERA (PRESIDENT)
  • CODY BLANCHARD (VICE-PRESIDENT)

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

Revitalizing downtown thibodaux

What it reported doing in 2025

Downtown roadmap

Operating model

Revenue model
Donor-supported. 77% 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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.1%; rating input score 76
  • Program expense ratio: 54.7%; rating input score 55

Transparency & Controls

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

Sustainability

  • Operating margin: -48.9%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.87; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 21.4%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 69.7% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 76.1% of revenue deployed · 54.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $62K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2019 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.

  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • High — Sustainability: Operating margin scored 12/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.