NELLIE L SPARRELL EDUCATIONAL TRUST

EIN: 046259904 501(c)(3) Education

NORWELL, MA

Total Revenue
$41,597
Total Expenses
$18,211
Total Assets
$832,043
Net Assets
$832,043
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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
1964
Legal Domicile
MA
Principal Officer
RICHARD A MERRITT
Phone
7816594553
Tax Period
2023-01-01 to 2023-12-31

NELLIE L SPARRELL EDUCATIONAL TRUST, founded in 1964, is a micro nonprofit in the Education sector that reported $42K in total revenue in fiscal year 2023. The organization ran a surplus of $23K, a strong 56% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL GRADUATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,100
Program Service Revenue $0
Investment Income $40,497
Other Revenue $0
TOTAL REVENUE $41,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,500
Other Expenses $18,211
TOTAL EXPENSES $18,211

Year-over-Year Comparison

2023 2022 Change
Revenue $41,597 N/A N/A
Expenses $18,211 N/A N/A
Net Income $23,386 N/A N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
4

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN E CURTAIN SECRETARY N/A
Director
$0 $0 $0
RICHARD A MERRITT TREASURER N/A
Director
$0 $0 $0
DAVID OSBORNE TRUSTEE N/A
Director
$0 $0 $0
SEAN SUTTON TRUSTEE N/A
$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 No data No data No data No data
2023 $41,597 $18,211 $832,043 $23,386
2018 $40,201 $20,510 $507,124 $19,691
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