Rockland Main Street Inc
Overview
Mission
To educate and disseminate information of and promote interest in the preservation, protection and use of rockland's traditional downtown area.
What it reported doing in 2023
Sponsorship of special events educating the public about rockland's historical, cultural and economic roles and promoting preservation of the historical district in downtown rockland.
Operating model
- Revenue model
- Donor-supported. 99% 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.
Nonprofit profile at a glance
- EIN
- 264729005
- IRS 990-EZ coverage
- 2011–2023
- Forms available
- Form 990-EZ 2023
- Location
- Rockland, ME, USA
- Phone
- 2075936093
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $105,333
- Expenses
- $135,555
- Assets
- $11,496
- Liabilities
- $39,798
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 100
- Sustainability: 13
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.4%; rating input score 78
- Program expense ratio: 60.9%; rating input score 61
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: -28.7%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 3.46; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 1.2% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: -0.7% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 78.4% of revenue deployed · 60.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $83K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 13 annual filings from 2011 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
Leadership & pay
9 people listed
People named in this filing
- JESSE RUTTER (PRESIDENT)
- CALEB LINCOLN (TREASURER)
- KATE MCALEER (DIRECTOR)
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 2023.