TREE OF LIFE FOUNDATION (EIN 141964898) - 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

2007

Legal Domicile

Principal Officer

Robert Hirshon Esq

Phone

2077732339

Tax Period

2024-01-01 to 2024-12-31

TREE OF LIFE FOUNDATION, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $526K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 26% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO HONOR THE CONTRIBUTIONS AND DIVERSITY OF MAINE'S JEWISH IMMIGRANTS IN THE CONTEXT OF THE AMERICAN EXPERIENCE. THROUGH EXHIBITS AND PROGRAMMING, THE MUSEUM SEEKS TO BUILD BRIDGES OF APPRECIATION AND UNDERSTANDING WITH PEOPLE OF ALL BACKGROUNDS.

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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 $467,455

Program Service Revenue $8,802

Investment Income $25,131

Other Revenue $24,570

TOTAL REVENUE $525,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,795

Fundraising Expenses $11,317

Program Expenses $250,435

Other Expenses $211,599

TOTAL EXPENSES $388,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$525,958	$400,045	+0.3%
Expenses	$388,394	$336,433	+0.2%
Net Income	$137,564	$63,612	+1.2%

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

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

$83,578

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN BRINN	PRESIDENT	15.00	Officer Director	$0	$0	$0
KATIE GETCHELL	Director	1.00	Director	$0	$0	$0
ANDY BRENNER	TREASURER	2.00	Officer Director	$0	$0	$0
JANET RAFFEL	Secretary	2.00	Officer Director	$0	$0	$0
GARY BERENSON	DIRECTOR	1.00	Director	$0	$0	$0
AMY TINKLE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY ZIEGLER	DIRECTOR	1.00	Director	$0	$0	$0
HARRIS GLECKMAN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BLUMBERG	DIRECTOR	1.00	Director	$0	$0	$0
Dr Nathan Aranson	Director	1.00	Director	$0	$0	$0
Ben Bornstein	Director	1.00	Director	$0	$0	$0
Robert Hirshon Esq	Vice President	3.00	Officer Director	$0	$0	$0
Nikki Jacobson	Director	1.00	Director	$0	$0	$0
Marcel Polak	Director	1.00	Director	$0	$0	$0
Jessica Lantos	Director	1.00	Director	$0	$0	$0
Miriam Markowitz	Director	1.00	Director	$0	$0	$0
David Warren Esq	Director	1.00	Director	$0	$0	$0
Dawn LaRochelle	Executive Director	40.00	Officer	$83,578	$0	$83,578

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	$525,958	$388,394	$1,518,025	$137,564
2023	$400,045	$336,433	$1,380,695	$63,612
2022	$223,142	$255,176	$1,322,555	$-32,034
2021	$262,012	$284,875	$1,413,108	$-22,863
2020	$334,435	$195,008	$1,483,512	$139,427
2019	$167,806	$185,764	$1,322,909	$-17,958
2018	$224,752	$189,289	$1,115,520	$35,463

TREE OF LIFE FOUNDATION