Main Street Vermilion Inc
EIN: 341940494 · Vermilion, OH · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $482K |
| Total Expenses | $347K |
| Net Assets | $442K |
Is Main Street Vermilion Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Main Street Vermilion Inc
Main Street Vermilion Inc (EIN: 341940494) is a nonprofit organization based in Vermilion, OH, classified under NTEE code S20. The organization reported total revenue of $482K and total assets of $758K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Main Street Vermilion Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Main Street Vermilion Inc is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $347K |
| Surplus / Deficit | +$13K |
| Total Assets | $472K |
| Total Liabilities | $30K |
| Net Assets | $442K |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 16.3 months |
Financial Health Grade: A
In 2023, Main Street Vermilion Inc reported a surplus of $13K with revenue exceeding expenses, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Main Street Vermilion Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | +17.1% | +11.2% |
| 2022 | +20.4% | +32.7% | +2.4% |
| 2021 | +70.3% | -1.6% | +37.4% |
| 2020 | -39.7% | +4.8% | -8.1% |
| 2019 | +55.2% | +22.9% | +34.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Main Street Vermilion Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Main Street Vermilion Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.3%.
Frequently Asked Questions about Main Street Vermilion Inc
Is Main Street Vermilion Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Main Street Vermilion Inc (EIN: 341940494) insufficient data. 0 red flags identified, 0 strengths noted.
How does Main Street Vermilion Inc spend its money?
Detailed spending breakdown data is not yet available for Main Street Vermilion Inc. Check back for updated IRS 990 analysis.
Are donations to Main Street Vermilion Inc tax-deductible?
Main Street Vermilion Inc is registered as a tax-exempt nonprofit (EIN: 341940494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Main Street Vermilion Inc located?
Main Street Vermilion Inc is headquartered in Vermilion, Ohio and files with the IRS under EIN 341940494. It is classified under NTEE code S20.
How many years of IRS 990 filings does Main Street Vermilion Inc have?
Main Street Vermilion Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $482K in total revenue.
Filing History
IRS 990 filing history for Main Street Vermilion Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Main Street Vermilion Inc's revenue has grown by 236.8%, moving from $107K to $359K. Total assets increased by 389.9% over the same period, from $96K to $472K. Total functional expenses rose by 243.4%, from $101K to $347K. In its most recent filing year (2023), Main Street Vermilion Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $30K in liabilities against $472K in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $442K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $347K | $472K | $30K | — | — |
| 2022 | $364K | $296K | $425K | $-5,195 | — | View 990 |
| 2021 | $302K | $223K | $415K | $53K | — | View 990 |
| 2020 | $178K | $227K | $302K | $23K | — | — |
| 2019 | $295K | $216K | $328K | $3K | — | View 990 |
| 2018 | $190K | $176K | $244K | $2K | — | View 990 |
| 2017 | $181K | $191K | $231K | $3K | — | — |
| 2016 | $216K | $230K | $241K | $3K | — | View 990 |
| 2015 | $216K | $149K | $255K | $3K | — | View 990 |
| 2014 | $188K | $174K | $189K | $3K | — | View 990 |
| 2013 | $198K | $197K | $174K | $3K | — | View 990 |
| 2012 | $265K | $188K | $173K | $2K | — | View 990 |
| 2011 | $107K | $101K | $96K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $347K, and assets of $472K (revenue -1.4% year-over-year).
- 2022: Revenue of $364K, expenses of $296K, and assets of $425K (revenue +20.4% year-over-year).
- 2021: Revenue of $302K, expenses of $223K, and assets of $415K (revenue +70.3% year-over-year).
- 2020: Revenue of $178K, expenses of $227K, and assets of $302K (revenue -39.7% year-over-year).
- 2019: Revenue of $295K, expenses of $216K, and assets of $328K (revenue +55.2% year-over-year).
- 2018: Revenue of $190K, expenses of $176K, and assets of $244K (revenue +4.7% year-over-year).
- 2017: Revenue of $181K, expenses of $191K, and assets of $231K (revenue -15.9% year-over-year).
- 2016: Revenue of $216K, expenses of $230K, and assets of $241K (revenue +-0.0% year-over-year).
- 2015: Revenue of $216K, expenses of $149K, and assets of $255K (revenue +14.8% year-over-year).
- 2014: Revenue of $188K, expenses of $174K, and assets of $189K (revenue -5.0% year-over-year).
- 2013: Revenue of $198K, expenses of $197K, and assets of $174K (revenue -25.2% year-over-year).
- 2012: Revenue of $265K, expenses of $188K, and assets of $173K (revenue +148.0% year-over-year).
- 2011: Revenue of $107K, expenses of $101K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Main Street Vermilion Inc:
Data Sources and Methodology
This transparency report for Main Street Vermilion Inc 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.