HORACE STAPLES TRUST

EIN: 066039258

WESTPORT, CT

Total Revenue
$32,892
Total Expenses
$62,950
Total Assets
$708,174
Net Assets
$708,174
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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

Legal Domicile
CT
Principal Officer
RICHARD J DIVINEY
Phone
2033415326
Tax Period
2024-05-01 to 2025-04-30

HORACE STAPLES TRUST is a micro nonprofit that reported $33K in total revenue in fiscal year 2024. Expenses of $63K exceeded revenue, resulting in a 91% operating deficit.

Mission

DISTRIBUTES ANNUAL INCOME TO THE WESTPORT, CT BOARD OF EDUCATION

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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 $32,531
Other Revenue $361
TOTAL REVENUE $32,892

Expense Breakdown

Grants Paid $44,679
Salaries & Benefits $1,000
Fundraising Expenses $0
Program Expenses $45,179
Other Expenses $17,271
TOTAL EXPENSES $62,950

Year-over-Year Comparison

2024 2023 Change
Revenue $32,892 $32,683 +0.0%
Expenses $62,950 $61,995 +0.0%
Net Income $-30,058 $-29,312 +0.0%
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
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
3
$1,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RJ DIVINEY TRUSTEE 1.00
Director
$0 $0 $0
SAMUEL GAULT TRUSTEE 1.00
Director
$1,000 $0 $1,000
THOMAS C HOFSTETTER 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
2025 $32,892 $62,950 $708,174 $-30,058
2024 $32,683 $61,995 $738,232 $-29,312
2023 $44,350 $5,958 $767,544 $38,392
2022 $30,567 $23,323 $729,152 $7,244
2021 $26,179 $9,569 $721,908 $16,610
2020 $28,189 $32,984 $701,995 $-4,795
2019 $-3,723 $30,605 $704,248 $-34,328
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