HARRIET U ALLYN TESTAMENTARY TRUST (EIN 060646663) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

D SAMUEL QUIGLEY

Phone

8604432545

Tax Period

2024-07-01 to 2025-06-30

HARRIET U ALLYN TESTAMENTARY TRUST, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 45% operating margin.

Mission

OPERATION, CARE, MAINTENANCE AND IMPROVEMENT OF LYMAN ALLYN ART MUSEUM AND PARK IN NEW LONDON, CT.

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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 $3,029,711

Program Service Revenue $68,215

Investment Income $223,106

Other Revenue $148,204

TOTAL REVENUE $3,469,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $948,306

Fundraising Expenses $145,554

Program Expenses $1,176,330

Other Expenses $949,953

TOTAL EXPENSES $1,898,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,469,236	$1,771,865	+1.0%
Expenses	$1,898,259	$1,887,476	+0.0%
Net Income	$1,570,977	$-115,611	-14.6%

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

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

$181,857

Total Directors

$181,857

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZA SHARP	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH ALCHERMES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LONNIE BRAXTON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NICHOLAS FORTSON	TREASURER	2.00	Officer Director	$0	$0	$0
PAUL SMIRNOFF	SECRETARY	2.00	Officer Director	$0	$0	$0
D SAMUEL QUIGLEY	DIRECTOR	37.50	Officer Director	$172,988	$8,869	$181,857
GAIL BARLEY	TRUSTEE	2.00	Director	$0	$0	$0
ARLINE CULP	TRUSTEE	2.00	Director	$0	$0	$0
KERRY DAVIS	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK DEROSIER	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD DIETRICH III	TRUSTEE	2.00	Director	$0	$0	$0
BURGESS DOLE	TRUSTEE	2.00	Director	$0	$0	$0
DOUGLAS DUMOND	TRUSTEE	2.00	Director	$0	$0	$0
TRACY ESPY	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY GODLEY	TRUSTEE	2.00	Director	$0	$0	$0
JOSE GONZALEZ	TRUSTEE	2.00	Director	$0	$0	$0
LILLIAN KING	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW LYNN	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM MITCHELL	TRUSTEE	2.00	Director	$0	$0	$0
MARY RICHARDSON	TRUSTEE	2.00	Director	$0	$0	$0
JOHN SCHROEDER	TRUSTEE	2.00	Director	$0	$0	$0
JON SPROUL	TRUSTEE	2.00	Director	$0	$0	$0
MELISSA SWAN	TRUSTEE	2.00	Director	$0	$0	$0
PIERRE WICKER	TRUSTEE	2.00	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
2025	$3,469,236	$1,898,259	$12,526,727	$1,570,977
2024	$1,771,865	$1,887,476	$9,725,835	$-115,611
2023	$1,996,719	$1,888,242	$9,672,441	$108,477
2022	$2,258,330	$1,584,598	$9,406,503	$673,732
2021	$1,336,578	$1,247,008	$9,781,816	$89,570
2020	$770,927	$1,094,502	$9,118,807	$-323,575
2019	$869,070	$1,309,374	$9,437,234	$-440,304

HARRIET U ALLYN TESTAMENTARY TRUST