MELVIN H SIMMONS TESTAMENTARY TRUST

EIN: 016040875 501(c)(3)

AUGUSTA, ME

Total Revenue
$89,173
Total Expenses
$68,932
Total Assets
$1,269,451
Net Assets
$1,269,451
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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
1976
Legal Domicile
ME
Phone
2076225801
Tax Period
2024-05-01 to 2025-04-30

MELVIN H SIMMONS TESTAMENTARY TRUST, founded in 1976, is a micro nonprofit that reported $89K in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20K, a strong 23% operating margin.

Mission

TO ASSIST THE CITY OF HALLOWELL, MAINE WITH THE SUPPORT OF ATHLETICS AT HALLDALE HIGH 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 $89,173
Other Revenue $0
TOTAL REVENUE $89,173

Expense Breakdown

Grants Paid $58,169
Salaries & Benefits $8,951
Fundraising Expenses $0
Program Expenses $58,169
Other Expenses $1,812
TOTAL EXPENSES $68,932

Year-over-Year Comparison

2024 2023 Change
Revenue $89,173 $49,664 +0.8%
Expenses $68,932 $66,125 +0.0%
Net Income $20,241 $-16,461 -2.2%
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
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 001.00
$8,951 $0 $8,951
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 $89,173 $68,932 $1,269,451 $20,241
2024 $49,664 $66,125 $1,249,410 $-16,461
2023 $64,330 $65,866 $1,265,994 $-1,536
2022 $95,739 $75,484 $1,269,483 $20,255
2021 $70,213 $62,994 $1,251,199 $7,219
2020 $19,200 $65,642 $1,247,768 $-46,442
2019 $75,646 $64,871 $1,290,520 $10,775
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