BERTHA AIKEN MCMYLER TRUST

EIN: 346506206 501(c)(3)

BROOKLYN, OH

Total Revenue
$396,458
Total Expenses
$119,807
Total Assets
$1,977,049
Net Assets
$1,977,049
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
OH
Phone
2166897538
Tax Period
2024-01-01 to 2024-12-31

BERTHA AIKEN MCMYLER TRUST, founded in 1922, is a small nonprofit that reported $396K in total revenue in fiscal year 2024. Revenue surged 549% from the prior year, signaling strong growth momentum. The organization ran a surplus of $277K, a strong 70% operating margin.

Mission

GRANTS ARE MADE ACCORDING TO THE TRUST AGREEMENT DATED MARCH 1,1922. KEYBANK, AS TRUSTEE, MAKES DISTRIBUTIONS TO THE CLEVELAND MUSEUM OF ART (CMA) FOR THE MAINTENANCE AND PERPETUATION OF THE MUSEUM'S DEPARTMENT OF MUSICAL ARTS. KEYBANK MAINTAINS RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION. THE CMA SHALL HAVE THE RIGHT AT ANY TIME TO OFFER ITS INSIGHT OR SUGGESTIONS TO KEYBANK WITH RESPECT TO THE ADMINISTRATION OR INVESTMENTS OF THE TRUST. KEYBANK AGREES TO TAKE DUE CONSIDERATION OF ALL SUGGESTIONS, AND AGREES TO TAKE ALL STEPS NECESSARY TO ENSURE THAT CMA HAS A SIGNIFICANT VOICE WITH RESPECT TO THE TRUST. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENEFICIARY HAS CHOOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME.

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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 $396,458
Other Revenue $0
TOTAL REVENUE $396,458

Expense Breakdown

Grants Paid $114,202
Salaries & Benefits $3,795
Fundraising Expenses $0
Program Expenses $114,202
Other Expenses $1,810
TOTAL EXPENSES $119,807

Year-over-Year Comparison

2024 2023 Change
Revenue $396,458 $61,070 +5.5%
Expenses $119,807 $121,021 0.0%
Net Income $276,651 $-59,951 -5.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
1
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
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
$3,795 $0 $3,795
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 $396,458 $119,807 $1,977,049 $276,651
2023 $61,070 $121,021 $1,704,198 $-59,951
2022 $98,396 $131,681 $1,764,149 $-33,285
2021 $133,764 $110,737 $1,797,433 $23,027
2020 $68,552 $107,677 $1,774,406 $-39,125
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