Main Street Live Ltd

Main Street Live Ltd faces recurring deficits and high liabilities despite no officer compensation.

EIN: 202501698 · Trinidad, CO · NTEE: A65 · Updated: 2026-03-28

$138KRevenue

$58KAssets

65/100Mission Score (Good)

A65

About Main Street Live Ltd

Main Street Live Ltd (EIN: 202501698) is a nonprofit organization based in Trinidad, CO, classified under NTEE code A65. The organization reported total revenue of $138K and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Main Street Live Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Main Street Live Ltd has demonstrated inconsistent financial health over the past several years. In 2023, the organization reported expenses of $151,851 against revenues of $115,395, indicating a deficit. This trend of expenses exceeding revenue is also visible in 2022 ($93,780 expenses vs. $74,488 revenue) and 2019 ($221,103 expenses vs. $203,127 revenue). While there were periods of surplus, such as in 2021 where revenue ($106,017) significantly outpaced expenses ($51,736), the overall pattern suggests a need for more stable financial management. The organization's assets have fluctuated, reaching a high of $152,888 in 2021 but decreasing to $97,140 by 2023, while liabilities have remained substantial, at $115,578 in 2023, exceeding current assets. This indicates potential liquidity challenges.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing overhead in that specific area. The organization's transparency is generally good, with 13 filings available, indicating regular reporting to the IRS. However, the lack of detailed expense categorization in the provided data limits a deeper analysis of how efficiently funds are being allocated to its mission.

Overall, Main Street Live Ltd appears to be a small organization with fluctuating financial performance. While it maintains transparency through regular filings and shows no officer compensation, its recurring deficits and high liabilities relative to assets in recent years warrant closer scrutiny. A more detailed breakdown of expenses would be crucial for a comprehensive assessment of its spending efficiency and program impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Main Street Live Ltd with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Main Street Live Ltd allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is a positive sign for minimizing administrative overhead.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Main Street Live Ltd's IRS 990 filings:

Recurring deficits (e.g., 2023: $115,395 revenue vs. $151,851 expenses; 2022: $74,488 revenue vs. $93,780 expenses)
Liabilities exceeding assets in recent years (e.g., 2023: $115,578 liabilities vs. $97,140 assets)
Significant fluctuation in assets over time, indicating potential instability or inconsistent financial management.

Strengths

The following positive indicators were identified for Main Street Live Ltd:

Consistent reporting of 0% officer compensation across all filings, indicating low executive overhead.
Regular IRS 990 filings (13 filings available), demonstrating transparency in reporting.
Periods of strong financial surplus (e.g., 2021: $106,017 revenue vs. $51,736 expenses).

Frequently Asked Questions about Main Street Live Ltd

Is Main Street Live Ltd financially stable?

Main Street Live Ltd has shown inconsistent financial stability. In 2023, expenses ($151,851) exceeded revenue ($115,395), and liabilities ($115,578) were higher than assets ($97,140), suggesting potential instability. Similar deficits were observed in 2022 and 2019.

How does Main Street Live Ltd manage its leadership compensation?

The organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating that its officers are not directly compensated or are compensated through other means not categorized as officer compensation.

What is the trend in Main Street Live Ltd's assets and liabilities?

Assets have fluctuated significantly, peaking at $152,888 in 2021 and decreasing to $97,140 by 2023. Liabilities have remained substantial, at $115,578 in 2023, and have exceeded assets in recent years, such as in 2023.

Filing History

IRS 990 filing history for Main Street Live Ltd showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Main Street Live Ltd's revenue has grown by 9.6%, moving from $105K to $115K. Total assets increased by 60.9% over the same period, from $60K to $97K. Total functional expenses rose by 153%, from $60K to $152K. In its most recent filing year (2023), Main Street Live Ltd reported a deficit of $36K, with expenses exceeding revenue. The organization holds $116K in liabilities against $97K in assets (debt-to-asset ratio: 119.0%), resulting in net assets of $-18,438.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$115K	$152K	$97K	$116K	—	—
2022	$74K	$94K	$134K	$116K	—	View 990
2021	$106K	$52K	$153K	$116K	—	View 990
2020	$62K	$48K	$111K	$128K	—	View 990
2019	$203K	$221K	$13K	$44K	—	View 990
2018	$195K	$215K	$6K	$20K	—	View 990
2017	$183K	$196K	$8K	$2K	—	View 990
2016	$224K	$181K	$20K	$348	—	View 990
2015	$180K	$199K	$26K	$49K	—	View 990
2014	$166K	$172K	$38K	$41K	—	View 990
2013	$139K	$168K	$24K	$19K	—	View 990
2012	$147K	$173K	$34K	$319	—	View 990
2011	$105K	$60K	$60K	$4K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $115K, expenses of $152K, and assets of $97K (revenue +54.9% year-over-year).
2022: Revenue of $74K, expenses of $94K, and assets of $134K (revenue -29.7% year-over-year).
2021: Revenue of $106K, expenses of $52K, and assets of $153K (revenue +69.7% year-over-year).
2020: Revenue of $62K, expenses of $48K, and assets of $111K (revenue -69.2% year-over-year).
2019: Revenue of $203K, expenses of $221K, and assets of $13K (revenue +4.0% year-over-year).
2018: Revenue of $195K, expenses of $215K, and assets of $6K (revenue +6.7% year-over-year).
2017: Revenue of $183K, expenses of $196K, and assets of $8K (revenue -18.1% year-over-year).
2016: Revenue of $224K, expenses of $181K, and assets of $20K (revenue +24.3% year-over-year).
2015: Revenue of $180K, expenses of $199K, and assets of $26K (revenue +8.5% year-over-year).
2014: Revenue of $166K, expenses of $172K, and assets of $38K (revenue +19.2% year-over-year).
2013: Revenue of $139K, expenses of $168K, and assets of $24K (revenue -5.3% year-over-year).
2012: Revenue of $147K, expenses of $173K, and assets of $34K (revenue +39.5% year-over-year).
2011: Revenue of $105K, expenses of $60K, and assets of $60K.

Data Sources and Methodology

This transparency report for Main Street Live Ltd is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.