HENRY PARSONS TRUST C/O MAINEHEALTH CARE AT HOME

EIN: 016014549 501(c)(3) Philanthropy & Grantmaking

KENNEBUNKPORT, ME

Total Revenue
$3,514
Total Expenses
$31,314
Total Assets
$824,938
Net Assets
$824,938
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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
1955
Legal Domicile
ME
Principal Officer
CHARLES DWIGHT
Phone
6479842074
Tax Period
2024-01-01 to 2024-12-31

HENRY PARSONS TRUST C/O MAINEHEALTH CARE AT HOME, founded in 1955, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $4K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $31K exceeded revenue, resulting in a 791% operating deficit.

Mission

THE TRUST IS TO PAY ALL NET INCOME AT LEAST QUARTERLY TO SUPPORT THE SALARY OF A NURSE FOR KENNEBUNK, ME. THE NURSE IS EMPLOYED BY THE SUPPORTED ORGANIZATION.

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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 $3,514
Other Revenue $0
TOTAL REVENUE $3,514

Expense Breakdown

Grants Paid $17,100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,100
Other Expenses $14,214
TOTAL EXPENSES $31,314

Year-over-Year Comparison

2024 2023 Change
Revenue $3,514 $181,895 -1.0%
Expenses $31,314 $27,428 +0.1%
Net Income $-27,800 $154,467 -1.2%
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
2
Independent Members
2
Employees
N/A
Volunteers
3

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES DWIGHT TRUSTEE 1.00
Director
$0 $0 $0
LOUISE SPANG TRUSTEE 1.00
Director
$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 $3,514 $31,314 $824,938 $-27,800
2023 $181,895 $27,428 $852,738 $154,467
2022 $318,024 $26,345 $698,271 $291,679
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