MYRNA REYNOLDSON MAYFIELD TRUST (EIN 421506703) - 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

2001

Legal Domicile

Phone

5154654641

Tax Period

2024-01-01 to 2024-12-31

MYRNA REYNOLDSON MAYFIELD TRUST, founded in 2001, is a micro nonprofit in the Education sector that reported $49K in total revenue in fiscal year 2024. Revenue surged 413% from the prior year, signaling strong growth momentum. Net assets of $1.3M represent 319 months of operating reserves.

Mission

FINANCIAL AID FOR NEEDY RESIDENTS OF THE WOODWARD-GRANGER COMM SCHOOL DISTRICT IN IOWA FOR POST HIGH SCHOOL, COLLEGE AND VOCATIONAL TRAINING. SUPPORT OF WOODWARD, IOWA AREA CIVIC ORGANIZATIONS AND UNITED METHODIST CHURCH.

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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 $0

Program Service Revenue $0

Investment Income $49,236

Other Revenue $0

TOTAL REVENUE $49,236

Expense Breakdown

Grants Paid $37,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,757

Other Expenses $12,357

TOTAL EXPENSES $49,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,236	$9,589	+4.1%
Expenses	$49,757	$50,536	0.0%
Net Income	$-521	$-40,947	-1.0%

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	Role	Reportable Comp	Other Comp	Total
MICHAEL RAMSEY	Trustee	Director	$0	$0	$0
RICHARD DANILSON	Trustee	Director	$0	$0	$0
MILTON HEIFNER	Trustee	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
2024	$49,236	$49,757	$1,310,503	$-521
2023	$9,589	$50,536	$1,311,024	$-40,947
2022	$41,242	$49,232	$1,351,971	$-7,990
2021	$43,639	$52,493	$1,359,961	$-8,854
2020	$33,351	$60,537	$1,404,754	$-27,186
2019	$60,980	$57,684	$1,431,940	$3,296
2018	$62,785	$57,747	$1,428,644	$5,038

MYRNA REYNOLDSON MAYFIELD TRUST