FRYEBURG ACADEMY TRUST

EIN: 016009643 501(c)(3)

FRYEBURG, ME

Total Revenue
$23,325
Total Expenses
$25,215
Total Assets
$334,842
Net Assets
$334,842
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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
1961
Legal Domicile
ME
Principal Officer
DAVID R HASTINGS III
Phone
2079352061
Tax Period
2024-01-01 to 2024-12-31

FRYEBURG ACADEMY TRUST, founded in 1961, is a micro nonprofit that reported $23K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Net assets of $335K represent 172 months of operating reserves.

Mission

INVESTING ITS ASSETS, WITH ALL NET INCOME PAID TO FRYEBURG ACADEMY, A PRIVATE SECONDARY SCHOOL

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $23,325
Other Revenue $0
TOTAL REVENUE $23,325

Expense Breakdown

Grants Paid $19,012
Salaries & Benefits $4,520
Fundraising Expenses $0
Program Expenses $19,012
Other Expenses $1,683
TOTAL EXPENSES $25,215

Year-over-Year Comparison

2024 2023 Change
Revenue $23,325 $56,330 -0.6%
Expenses $25,215 $24,172 +0.0%
Net Income $-1,890 $32,158 -1.1%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
1
$4,520
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID R HASTINGS III TRUSTEE 2.00
Director
$4,520 $0 $4,520
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
2025 No data No data No data No data
2024 $23,325 $25,215 $334,842 $-1,890
2023 $56,330 $24,172 $337,211 $32,158
2022 $76,872 $22,325 $305,331 $54,547
2021 $72,263 $25,065 $252,087 $47,198
2020 $22,741 $24,290 $205,867 $-1,549
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