JACKSON MILFORD TESTAMENTARY TRUST

EIN: 386623775 501(c)(3)

CINCINNATI, OH

Total Revenue
$52,407
Total Expenses
$33,404
Total Assets
$442,994
Net Assets
$442,994
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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
1992
Legal Domicile
MI
Phone
5135345310
Tax Period
2024-01-01 to 2024-12-31

JACKSON MILFORD TESTAMENTARY TRUST, founded in 1992, is a micro nonprofit that reported $52K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 36% operating margin.

Mission

PAYMENT OF ALL INCOME ANNUALLY TO THE CITY OF ALGONAC, MICHIGAN FOR THE BENEFIT OF THE COMMUNITY AS SHALL BE DETERMINED BY THE GOVERNING BODY.

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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 $52,407
Other Revenue $0
TOTAL REVENUE $52,407

Expense Breakdown

Grants Paid $24,000
Salaries & Benefits $7,539
Fundraising Expenses $0
Program Expenses $25,131
Other Expenses $1,865
TOTAL EXPENSES $33,404

Year-over-Year Comparison

2024 2023 Change
Revenue $52,407 $27,212 +0.9%
Expenses $33,404 $33,710 0.0%
Net Income $19,003 $-6,498 -3.9%
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
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 N/A
$7,539 $0 $7,539
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 $52,407 $33,404 $442,994 $19,003
2023 $27,212 $33,710 $423,951 $-6,498
2022 $16,651 $35,797 $430,515 $-19,146
2021 $47,233 $34,513 $449,720 $12,720
2020 $17,135 $33,455 $436,917 $-16,320
2019 $79,010 $32,658 $453,436 $46,352
2018 $35,358 $24,733 $407,030 $10,625
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