LUESTHER T MERTZ LEGACY TRUST FOR … - 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

2021

Legal Domicile

Principal Officer

NOELLE BABCOCK

Phone

2128855275

Tax Period

2023-01-01 to 2023-12-31

LUESTHER T MERTZ LEGACY TRUST FOR THE JOYCE THEATER FOUNDATION, founded in 2021, is a small nonprofit in the Environment sector that reported $103K in total revenue in fiscal year 2023. Revenue surged 288% from the prior year, signaling strong growth momentum. Expenses of $3.4M exceeded revenue, resulting in a 3193% operating deficit.

Mission

THE ORGANIZATION IS A DELAWARE CHARITABLE TRUST OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATION, THE JOYCE THEATER FOUNDATION ,A NEW YORK NOT-FOR-PROFIT CORPORATION RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE.

Program Service Accomplishments

Program 1

CONTRIBUTIONS WILL BE PAID TO THE SUPPORTED ORGANIZATION NAMED IN THE TRUST'S GOVERNNG INSTRUMENT.

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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 $0

Program Service Revenue $0

Investment Income $5,206

Other Revenue $97,662

TOTAL REVENUE $102,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,387,238

TOTAL EXPENSES $3,387,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,868	$26,480	+2.9%
Expenses	$3,387,238	$3,384,796	+0.0%
Net Income	$-3,284,370	$-3,358,316	0.0%

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

$886,257

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD WILLIAM LOW	TRUSTEES	1.00	Director	$0	$0	$0
LINDA SHELTON	TRUSTEES	1.00	Director	$0	$45,606	$886,257
N/A	TRUSTEES	1.00		$10,000	$0	$10,000

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	No data	No data	No data	No data
2023	$102,868	$3,387,238	$6,557,324	$-3,284,370
2022	$26,480	$3,384,796	$9,853,821	$-3,358,316
2021	$14,275,317	$1,053,000	$13,222,317	$13,222,317

LUESTHER T MERTZ LEGACY TRUST FOR THE JOYCE THEATER FOUNDATION