HERRING COLLEGE MEM EDUCATIONAL TR C/O MARILYN TRAINOR (EIN 161126179) - 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

1978

Legal Domicile

Principal Officer

MARILYN TRAINOR

Phone

3154301746

Tax Period

2023-01-01 to 2023-12-31

HERRING COLLEGE MEM EDUCATIONAL TR C/O MARILYN TRAINOR, founded in 1978, is a small nonprofit that reported $159K in total revenue in fiscal year 2023. The organization ran a surplus of $30K, a strong 19% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS FOR INDIVIDUALS THAT ARE ACADEMICALLY QUALIFIED AND LIVE IN THE CITY OF WATERTOWN AND SURROUNDING AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $159,339

Other Revenue $0

TOTAL REVENUE $159,339

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,155

Other Expenses $29,617

TOTAL EXPENSES $129,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,339	$155,860	+0.0%
Expenses	$129,617	$132,281	0.0%
Net Income	$29,722	$23,579	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PJ BANAZEK	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
JERILYN FAIRMAN	TRUSTEE	0.10	Director	$0	$0	$0
JEFFREY GINGER	SECRETARY	0.25	Officer Director	$0	$0	$0
ROGER HOWARD	TRUSTEE	0.10	Director	$0	$0	$0
MEGAN KENDALL	TRUSTEE	0.10	Director	$0	$0	$0
MARC LADOUCEUR	TREASURER	0.25	Officer Director	$0	$0	$0
MATTHEW MORGIA	TRUSTEE	0.10	Director	$0	$0	$0
CHRISTINE POWERS	TRUSTEE	0.10	Director	$0	$0	$0
JACQUELYN SCHELL	TRUSTEE	0.10	Director	$0	$0	$0
ARTHUR STEVER	TRUSTEE	0.10	Director	$0	$0	$0
MARILYN TRAINOR	PRESIDENT	0.25	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$159,339	$129,617	$3,199,847	$29,722
2022	$155,860	$132,281	$3,031,603	$23,579
2021	$263,799	$132,423	$3,477,201	$131,376
2020	$50,298	$128,931	$3,213,067	$-78,633
2019	$103,214	$128,318	$3,101,213	$-25,104
2018	$335,621	$129,092	$2,778,873	$206,529

HERRING COLLEGE MEM EDUCATIONAL TR C/O MARILYN TRAINOR