MARION B HOWE TESTAMENTARY TRUST

EIN: 866380297 501(c)(3)

PORTLAND, ME

Total Revenue
$50,426
Total Expenses
$559,697
Total Assets
N/A
Net Assets
N/A
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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
ME
Phone
2077724100
Tax Period
2023-01-01 to 2023-12-31

MARION B HOWE TESTAMENTARY TRUST, founded in 2021, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Expenses of $560K exceeded revenue, resulting in a 1010% operating deficit.

Mission

TO PROVIDE FUNDING TO ALLIANCE UNIVERSITY( NYACK COLLEGE) FOR MUSICAL PROGRAMS AND EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-12,150
Other Revenue $62,576
TOTAL REVENUE $50,426

Expense Breakdown

Grants Paid $545,424
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $559,697
Other Expenses $14,273
TOTAL EXPENSES $559,697

Year-over-Year Comparison

2023 2022 Change
Revenue $50,426 $-78,232 -1.6%
Expenses $559,697 $14,468 +37.7%
Net Income $-509,271 $-92,700 +4.5%
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
2
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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILES HUNT Trustee 0.00
Director
$0 $0 $0
DAVID HOISINGTON Trustee 0.00
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
2023 $50,426 $559,697 No data $-509,271
2022 $-78,232 $14,468 $509,271 $-92,700
2021 $605,577 $3,606 $601,971 $601,971
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