The Millicent Merle Atkins Charita… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

Cassie Backman

Phone

6052255611

Tax Period

2022-01-01 to 2022-12-31

The Millicent Merle Atkins Charitable Trust, founded in 2012, is a small nonprofit that reported $576K in total revenue in fiscal year 2022. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 225% operating deficit.

Mission

None

Program Service Accomplishments

Program 1

Expenses: $1,560,935

Provided grants to support and enhance the charitable activities of the Congregational Christian Church of Columbia, South Dakota; the University of Minnesota Foundation, Minneapolis, Minnesota; and Northern State University Foundation, Aberdeen, South Dakota. As provided for by Article Twelfth of the Last Will and Testament of Millicent M. Atkins, the governing instrument of the Trust, the Trust terminated in 2022, ten years after her death.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $576,484

Other Revenue $12

TOTAL REVENUE $576,496

Expense Breakdown

Grants Paid $1,560,935

Salaries & Benefits $232,138

Fundraising Expenses $0

Program Expenses $1,560,935

Other Expenses $80,754

TOTAL EXPENSES $1,873,827

Year-over-Year Comparison

	2022	2021	Change
Revenue	$576,496	$3,459,076	-0.8%
Expenses	$1,873,827	$1,645,347	+0.1%
Net Income	$-1,297,331	$1,813,729	-1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Trustee	0.50		$232,138	$0	$232,138

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
2022	$576,496	$1,873,827	No data	$-1,297,331
2021	$3,459,076	$1,645,347	$36,649,151	$1,813,729
2020	$1,418,736	$1,614,575	$34,835,422	$-195,839
2019	$1,145,925	$1,598,465	$35,031,261	$-452,540
2018	$290,595	$1,595,200	$35,483,802	$-1,304,605

The Millicent Merle Atkins Charitable Trust