NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)LUESTHER T MERTZ CHARITABLE TRUST, founded in 1991, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $21K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $79K exceeded revenue, resulting in a 280% operating deficit.
THE TRUST IS A TESTAMENTARY CHARITABLE TRUST UNDER NEW YORK LAW AND IS A SO-CALLED "SUPPORTING ORGANIZATION" DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. THE SOLE EXEMPT PURPOSE AND ACTIVITY OF THE TRUST IS TO SUPPORT DIRECTLY FOURTEEN PUBLICLY SUPPORTED CHARITIES WHICH ARE NAMED IN THE TRUST'S GOVERNING INSTRUMENT WHICH REQUIRES THAT ALL NET INCOME OF THE TRUST BE DISTRIBUTED TO PROVIDE ESSENTIAL SUPPORT FOR A SUBSTANTIAL PROGRAM OR ACTIVITY OF ONE OR MORE OF THE NAMED BENEFICIARY ORGANIZATIONS.
DURING THE YEAR ENDED NOVEMBER 30, 2024, THE TRUST WAS AWAITING APPROVAL FROM THE NYS ATTORNEY GENERAL'S OFFICE TO DISSOLVE. ON DECEMBER 20, 2024, A NOTICE OF NO OBJECTION WAS ISSUED. THE TRUST WILL...
DURING THE YEAR ENDED NOVEMBER 30, 2024, THE TRUST WAS AWAITING APPROVAL FROM THE NYS ATTORNEY GENERAL'S OFFICE TO DISSOLVE. ON DECEMBER 20, 2024, A NOTICE OF NO OBJECTION WAS ISSUED. THE TRUST WILL MOVE FORWARD WITH DISSOLUTION DURING FY 25. AFTER PAYMENTS FOR CLOSING EXPENSES, THE REMAINING FUNDS WILL BE DISTRIBUTED TO THE ATTENTIVE SUPPORTIVE ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $20,730 | $200,196 | -0.9% |
| Expenses | $78,716 | $1,155,611 | -0.9% |
| Net Income | $-57,986 | $-955,415 | -0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LARRY E CONDON | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| GOLDEN BECKNER JR | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $20,730 | $78,716 | $395,493 | $-57,986 |
| 2023 | $200,196 | $1,155,611 | $453,479 | $-955,415 |
| 2022 | $2,295,349 | $4,631,145 | $1,408,894 | $-2,335,796 |
| 2021 | $2,179,114 | $116,070,172 | $5,999,424 | $-113,891,058 |
| 2020 | $6,968,264 | $32,696,476 | $94,333,964 | $-25,728,212 |
| 2019 | $21,228,061 | $15,280,140 | $117,972,027 | $5,947,921 |
| 2018 | $18,086,418 | $15,006,209 | $119,535,503 | $3,080,209 |
Compare LUESTHER T MERTZ CHARITABLE TRUST with other nonprofits in New York and across the country.