JAMES MERRILL HOUSE FOUNDATION

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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

2021

Legal Domicile

Principal Officer

Gillian Ruth Saunders

Phone

8604156087

Tax Period

2023-04-01 to 2024-03-31

JAMES MERRILL HOUSE FOUNDATION, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $299K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 86% operating margin.

Mission

The James Merrill House Foundation will establish, maintain, and, as appropriate, expend funds from an endowment and raise, use, and administer other funds and assets to further the legacy of James Merrill, one of America's great poets, to preserve and make use of the James Merrill House at 107 Water Street, Stonington, Connecticut and its contents (the "James Merrill House"), and to preserve, create, and promote programs and assets related to literature, the humanities, James Merrill, and the James Merrill House. (By-Laws)

Program Service Accomplishments

Program 1

Expenses: $38,334 Revenue: $298,814

The capital campaign for the James Merrill House Foundation raised more than $200,000 in gifts and pledges to build an endowment to support the year-round writer-in-residence programs hosted in the James Merrill House and the conservation of this National Historic Landmark building, including the James Merrill Apartment. The James Merrill House Foundation also made a grant of $26,000 to the Stonington Village Improvement Association to support the programs of the James Merrill House.

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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 (2023)

Revenue Breakdown

Contributions & Grants $276,532

Program Service Revenue $0

Investment Income $22,282

Other Revenue $0

TOTAL REVENUE $298,814

Expense Breakdown

Grants Paid $26,000

Salaries & Benefits $0

Fundraising Expenses $3,690

Program Expenses $38,334

Other Expenses $12,565

TOTAL EXPENSES $42,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,814	$229,164	+0.3%
Expenses	$42,255	$11,043	+2.8%
Net Income	$256,559	$218,121	+0.2%

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

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
Scott W Muller	Chairman	2	Officer Director	$0	$0	$0
Janet McClendon	Vice Chair and Secretary	2	Officer Director	$0	$0	$0
G Ruth Saunders	Treasurer	2	Officer Director	$0	$0	$0
Ted Beck	Trustee	0.5	Director	$0	$0	$0
William Middleton	Trustee	0.5	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	$298,814	$42,255	$1,742,868	$256,559
2024	$624,556	$199,786	$2,223,044	$424,770
2023	$229,164	$11,043	$1,506,519	$218,121
2022	$1,384,690	$2,074	$1,349,424	$1,382,616
2022	$1,396,290	$2,074	$1,361,425	$1,394,216