Winchester Main Street

Nonprofit profile at a glance

EIN
933276630
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024, Form 990-N 2023
Location
Winchester, VA, USA
Phone
7652479952
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Small Business Development

Reported finances

Revenue
$98,340
Expenses
$103,006
Assets
$88,241

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

Leadership & pay

12 people listed

People named in this filing

  • Corbin Sutton (Treasurer)
  • Katherine M Buzby (Chair)
  • Daniel F O'Brien (Vice Chair)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Friends of Old Town (legally Winchester Main Street) is a 501(c)(3) nonprofit with a mission to nurture and enhance the cultural, economic, and social vitality of Old Town Winchester. We strive to foster a welcoming environment that engages the community, supports local businesses, and preserves the districts distinct appeal.

What it reported doing in 2024

In 2024, Friends of Old Town laid a strong foundation for long-term impact and independence. We finalized our 501(c)(3) nonprofit status, secured a Unique Entity ID (UEI), and completed the transition of the Main Street program from city administration to an independently managed, board-led organization.We launched a new brand identity and established volunteer-led committees focused on key areas of our mission. Internal systems for fundraising, finance, and communications were also developed to support long-term sustainability.Several strategic grants were awarded in 2024, including the Virginia Main Street Downtown Improvement Grant (DIG), a technical assistance grant for fund development, and the Small Area Planning (SmArP) grant funded by the Virginia Department of Housing and Community Development (VADHCD). These grants supported the creation of the Old Town 2045 Master Plan, strategic planning efforts, and resource development to build out the organizations capacity.By the close of 2024, Friends of Old Town had established strong relationships with community partners, increased public visibility, and positioned the organization for the launch of major community programming, revitalization projects, and expanded volunteer engagement in 2025.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 95.9%; rating input score 96

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: -4.7%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 34.9%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 95.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $99K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 1 filing year from 2024
  • 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 — Sustainability: Operating margin scored 37/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.