Edward H Daveis Benevolent Fund (EIN 010473137) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

Deborah Ellwood

Phone

2076679735

Tax Period

2023-01-01 to 2023-12-31

Edward H Daveis Benevolent Fund, founded in 1946, is a small nonprofit that reported $217K in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 29% operating margin.

Mission

Support the Maine Community Foundation (MCF) and its charitable and educational purposes.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $216,793

TOTAL REVENUE $216,793

Expense Breakdown

Grants Paid $98,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,653

Other Expenses $56,179

TOTAL EXPENSES $154,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,793	$100,182	+1.2%
Expenses	$154,679	$149,807	+0.0%
Net Income	$62,114	$-49,625	-2.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$568,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erik C Jorgensen	Trustee	0.10	Director	$0	$0	$0
Nicole Witherbee	Trustee	0.10	Director	$0	$0	$0
Katharine Fullam Harris	Chair/Trustee	0.10	Officer Director	$0	$0	$0
Deborah Ellwood	MCF President & CEO	0.10	Officer	$0	$30,612	$333,856
Michele Camarco	Treasurer/MCF CFO	0.10	Officer	$0	$32,178	$234,500

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$216,793	$154,679	$2,397,058	$62,114
2022	$100,182	$149,807	$2,252,826	$-49,625
2021	$159,530	$152,106	$2,719,591	$7,424
2020	$82,757	$137,129	$2,376,955	$-54,372
2019	$52,763	$127,542	$2,166,589	$-74,779
2018	$144,206	$130,120	$2,003,416	$14,086

Edward H Daveis Benevolent Fund