MELVIN H SIMMONS TESTAMENTARY TRUST

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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

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

Program Service Accomplishments

Program 1

Expenses: $58,169

TRUST DISTRIBUTES ITS INCOME AND PORTIONS OF PRINCIPAL TO THE CITY OF HALLOWELL PURSUANT TOPARAGRAPH 9 OF THE TRUST INSTRUMENT.

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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 $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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

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
2026	No data	No data	No data	No data
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