GOFF FERN CHARITABLE TA

EIN: 223220923 501(c)(3)

BROOKLYN, OH

Total Revenue
$272,022
Total Expenses
$391,306
Total Assets
$4,924,615
Net Assets
$4,924,615
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
ME
Phone
2078747149
Tax Period
2024-09-01 to 2025-08-31

GOFF FERN CHARITABLE TA, founded in 1982, is a small nonprofit that reported $272K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $391K exceeded revenue, resulting in a 44% operating deficit.

Mission

GRANTS ARE MADE ACCORDING TO THE TRUST AGREEMANT DATED MAY 28 1982. KEYBANK AS TRUSTEE MAKE DISTRIBUTIONS AS FOLLOWS 10 % LAUDHOLM TRUST 20% SWEETER CHILDREN HOME 20% SANFORD MENS CHRISTIANS HOME 20% ST GEORGES EPISCOPAL CHURCH 10% MASSABESIC LIONS CLUB 20% WABAN PROJECTS INC

Program Service Accomplishments

Program 1
Expenses: $61,692

GRANTS MADE TO THE YMCA SANFORD FOR YOUTH PROGAMS AND GENERAL SUPPORT

Program 2
Expenses: $61,692

GRANTS MADE TO WAYPOINT MAINE INC FOR GENERAL SUPPORT

Program 3
Expenses: $61,692

GRANTS MADE TO THE ST. GEORGES EPISCOPAL CHURCH FOR RELIGIOUS OBSERVATION AND GENERAL SUPPORT

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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 $272,022
Other Revenue $0
TOTAL REVENUE $272,022

Expense Breakdown

Grants Paid $308,460
Salaries & Benefits $79,894
Fundraising Expenses $0
Program Expenses $308,460
Other Expenses $2,952
TOTAL EXPENSES $391,306

Year-over-Year Comparison

2024 2023 Change
Revenue $272,022 $393,941 -0.3%
Expenses $391,306 $384,257 +0.0%
Net Income $-119,284 $9,684 -13.3%
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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.0
$79,894 $0 $79,894
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 $272,022 $391,306 $4,924,615 $-119,284
2024 $393,941 $384,257 $5,043,878 $9,684
2023 $417,712 $373,976 $5,036,464 $43,736
2022 $333,379 $365,670 $4,996,471 $-32,291
2021 $248,041 $350,491 $5,031,950 $-102,450
2020 $244,442 $330,095 $5,137,568 $-85,653
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