BRUCE ALLAIN CHARITABLE TRUST

EIN: 311630554 501(c)(3) Education

Athens, ME

Total Revenue
$65,073
Total Expenses
$1,039,585
Total Assets
$83,976
Net Assets
$83,976
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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
1998
Legal Domicile
ME
Principal Officer
VAUGHN LEBLANC
Phone
2074746738
Tax Period
2024-07-01 to 2025-06-30

BRUCE ALLAIN CHARITABLE TRUST, founded in 1998, is a micro nonprofit in the Education sector that reported $65K in total revenue in fiscal year 2024. Revenue surged 361% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 1498% operating deficit.

Mission

PROVIDES SCHOLARSHIPS FOR LITERACY AND EDUCATIONAL PURPOSES

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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 $510
Program Service Revenue $0
Investment Income $64,563
Other Revenue $0
TOTAL REVENUE $65,073

Expense Breakdown

Grants Paid $1,030,949
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $46,136
Other Expenses $8,636
TOTAL EXPENSES $1,039,585

Year-over-Year Comparison

2024 2023 Change
Revenue $65,073 $14,125 +3.6%
Expenses $1,039,585 $6,956 +148.5%
Net Income $-974,512 $7,169 -136.9%
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
N/A
Independent Members
N/A
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
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VAUGHN LEBLANC 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 $65,073 $1,039,585 $83,976 $-974,512
2024 $14,125 $6,956 $973,602 $7,169
2023 $16,472 $52,972 $1,028,309 $-36,500
2022 $105,600 $34,748 $678,855 $70,852
2021 $98,354 $37,839 $608,003 $60,515
2020 $17,804 $23,003 $547,488 $-5,199
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