HENRY PARSONS TRUST C/O MAINEHEALT… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $17,100

ALL NET INCOME EARNED BY THE TRUST'S ASSETS IS PAID AT LEAST QUARTERLY TO MAINEHEALTH CARE AT HOME WHICH IS THE TAX EXEMPT ORGANIZATION TO WHICH THE NET INCOME IS REQUIRED TO BE PAID UNDER THE...

ALL NET INCOME EARNED BY THE TRUST'S ASSETS IS PAID AT LEAST QUARTERLY TO MAINEHEALTH CARE AT HOME WHICH IS THE TAX EXEMPT ORGANIZATION TO WHICH THE NET INCOME IS REQUIRED TO BE PAID UNDER THE TRUST'S ORGANIZATIONAL DOCUMENTS.

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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

HENRY PARSONS TRUST C/O MAINEHEALTH CARE AT HOME