MARGINAL WAY PRESERVATION FUND (EIN 010957572) - 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

2010

Legal Domicile

Principal Officer

JOHN PHINNEY

Phone

2076044884

Tax Period

2023-01-01 to 2023-12-31

MARGINAL WAY PRESERVATION FUND, founded in 2010, is a small nonprofit in the Environment sector that reported $754K in total revenue in fiscal year 2023. The organization ran a surplus of $436K, a strong 58% operating margin.

Mission

THE MARGINAL WAY PRESERVATION FUND IS A NON-PROFIT ORGANIZATION THAT RAISES MONEY TO FUND AN ENDOWMENT WHOSE MISSION IT IS TO FUND PROJECTS TO REPAIR, PRESERVE AND BEAUTIFY THE SCENIC COASTAL WALKWAY LOCATED IN THE TOWN OF OGUNQUIT, MAINE, MORE PARTICULARLY KNOWN AS THE MARGINAL WAY. THE MARGINAL WAY WAS OFFICIALLY PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES BY THE UNITED STATES DEPARTMENT OF THE INTERIOR ON MARCH 23, 2022, AND IS VISITED BY HUNDREDS OF THOUSANDS OF PEOPLE EACH YEAR WHO WALK THE PATH.

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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 $663,204

Program Service Revenue $0

Investment Income $91,160

Other Revenue $0

TOTAL REVENUE $754,364

Expense Breakdown

Grants Paid $51,177

Salaries & Benefits $165,323

Fundraising Expenses $181,519

Program Expenses $51,177

Other Expenses $101,710

TOTAL EXPENSES $318,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$754,364	$704,289	+0.1%
Expenses	$318,210	$201,247	+0.6%
Net Income	$436,154	$503,042	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON RAMSEY	EXECUTIVE DI	40.00	Highest	$120,000	$0	$120,000
SCOOP CARLILE	BOARD MEMBER	0.50	Director	$0	$0	$0
LISA EMERSON-STOCLET	BOARD MEMBER	0.50	Director	$0	$0	$0
LOUESA GILLESPIE	BOARD MEMBER	0.50	Director	$0	$0	$0
LAUREN HAJJAR	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY KETT	BOARD MEMBER	0.50	Director	$0	$0	$0
DR CAROL LEARY	PRESIDENT EM	0.50	Director	$0	$0	$0
CHRISTOPHER MELLO	TREASURER	2.00	Director	$0	$0	$0
KATLYN MITSCH	BOARD MEMBER	0.50	Director	$0	$0	$0
SUMNER NYSTEDT	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM OLIVER	BOARD MEMBER	0.50	Director	$0	$0	$0
NAN RAMSEY	BOARD MEMBER	0.50	Director	$0	$0	$0
BILL SAWYER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE HINDMARSH	VICE PRESIDE	1.00	Officer	$0	$0	$0
BARBARA O'LEARY	SECRETARY	0.50	Officer	$0	$0	$0
JOHN PHINNEY	PRESIDENT	2.00	Officer	$0	$0	$0

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	$754,364	$318,210	$3,489,192	$436,154
2022	$704,289	$201,247	$2,834,985	$503,042
2021	$847,385	$180,208	$2,629,895	$667,177
2020	$371,886	$147,669	$1,742,309	$224,217
2019	$296,869	$123,117	$1,514,394	$173,752

MARGINAL WAY PRESERVATION FUND