Millwright Market Recovery Fund (EIN 364046236) - 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

1995

Legal Domicile

Principal Officer

Paul Elgatian

Phone

5633322158

Tax Period

2024-01-01 to 2024-12-31

Millwright Market Recovery Fund, founded in 1995, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $38K, a strong 15% operating margin.

Mission

To identify, preserve, and expand work opportunities for the members.

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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 $246,578

Program Service Revenue $0

Investment Income $3,248

Other Revenue $99

TOTAL REVENUE $249,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,371

Other Expenses $211,653

TOTAL EXPENSES $211,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,925	$463,891	-0.5%
Expenses	$211,653	$743,452	-0.7%
Net Income	$38,272	$-279,561	-1.1%

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
Paul Elgatian	Chairman	2.00	Officer Director	$0	$0	$0
Derek McClain	Trustee	2.00	Officer Director	$0	$0	$0
James Bark	Sec/Treas	2.00	Officer Director	$0	$0	$0
Jonathan Mix	Trustee	2.00	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	$249,925	$211,653	$376,686	$38,272
2023	$463,891	$743,452	$338,414	$-279,561
2022	$610,012	$693,621	$617,975	$-83,609
2021	$557,813	$580,867	$701,584	$-23,054
2020	$481,815	$875,566	$724,638	$-393,751
2019	$628,384	$897,397	$1,118,389	$-269,013

Millwright Market Recovery Fund