Eleanor L Walker Revocable Trust
Eleanor L Walker Revocable Trust consistently distributes funds, with recent expenses exceeding revenue, maintaining a stable asset base.
EIN: 16098308 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $62K |
| Program Spending | 90% |
| Net Assets | $538K |
| Transparency Score | 70/100 |
Is Eleanor L Walker Revocable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eleanor L Walker Revocable Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eleanor L Walker Revocable Trust
Eleanor L Walker Revocable Trust (EIN: 16098308) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $345K and total assets of $552K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eleanor L Walker Revocable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eleanor L Walker Revocable Trust is a small nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $62K |
| Surplus / Deficit | $-34,991 |
| Total Assets | $538K |
| Total Liabilities | $1 |
| Net Assets | $538K |
| Operating Margin | -130.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 104.4 months |
Financial Health Grade: B
In 2023, Eleanor L Walker Revocable Trust reported a deficit of $35K with expenses exceeding revenue, holds 104.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Eleanor L Walker Revocable Trust's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | -5.7% | -5.9% |
| 2022 | -65.3% | +44.6% | -6.8% |
| 2021 | +96.6% | -3.9% | +4.0% |
| 2020 | -7.5% | -1.3% | -2.0% |
| 2019 | +98.2% | +15.4% | +22.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eleanor L Walker Revocable Trust with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Eleanor L Walker Revocable Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the trust, which is typical for a revocable trust distributing assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Eleanor L Walker Revocable Trust's IRS 990 filings:
- Consistent expenses exceeding revenue in recent years (e.g., 2023 expenses $61,912 vs. revenue $26,921), potentially indicating principal drawdowns.
- Lack of NTEE code and detailed expense breakdown limits understanding of programmatic impact and operational efficiency.
Strengths
The following positive indicators were identified for Eleanor L Walker Revocable Trust:
- Consistent IRS 990 filing history demonstrates transparency.
- Zero officer compensation indicates a lean executive cost structure.
- Minimal liabilities ($1 in recent years) suggest strong financial stability and low debt risk.
- Stable asset base, consistently above $500,000, provides a solid foundation for distributions.
Frequently Asked Questions about Eleanor L Walker Revocable Trust
Is Eleanor L Walker Revocable Trust a legitimate charity?
Eleanor L Walker Revocable Trust (EIN: 16098308) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $345K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Eleanor L Walker Revocable Trust spend its money?
Eleanor L Walker Revocable Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Eleanor L Walker Revocable Trust tax-deductible?
Eleanor L Walker Revocable Trust is registered as a tax-exempt nonprofit (EIN: 16098308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eleanor L Walker Revocable Trust located?
Eleanor L Walker Revocable Trust is headquartered in Portland, Maine and files with the IRS under EIN 16098308.
How many years of IRS 990 filings does Eleanor L Walker Revocable Trust have?
Eleanor L Walker Revocable Trust has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $345K in total revenue.
What is the specific mission or purpose of the Eleanor L Walker Revocable Trust?
The provided data does not specify the mission or NTEE code for the Eleanor L Walker Revocable Trust, making it difficult to ascertain its exact charitable purpose or beneficiaries.
Why have expenses consistently exceeded revenue in recent years (2022-2023)?
In 2023, expenses were $61,912 against $26,921 in revenue, and in 2022, expenses were $65,628 against $23,928 in revenue. This suggests the trust is distributing more than its annual income, potentially drawing down its principal or relying on investment gains not reflected as 'revenue' in these summaries, which is common for trusts making distributions.
What are the primary categories of expenses for the trust?
The provided data only gives total expenses. Without a detailed breakdown from the full 990 forms, it's impossible to determine the primary categories of expenses (e.g., grants, administrative costs, investment fees).
Filing History
IRS 990 filing history for Eleanor L Walker Revocable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Eleanor L Walker Revocable Trust's revenue has grown by 4.1%, moving from $26K to $27K. Total assets increased by 14.8% over the same period, from $469K to $538K. Total functional expenses rose by 88.3%, from $33K to $62K. In its most recent filing year (2023), Eleanor L Walker Revocable Trust reported a deficit of $35K, with expenses exceeding revenue. The organization holds $1 in liabilities against $538K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $538K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $62K | $538K | $1 | — | View 990 |
| 2022 | $24K | $66K | $572K | $1 | — | View 990 |
| 2021 | $69K | $45K | $614K | $1 | — | — |
| 2020 | $35K | $47K | $590K | $1 | — | — |
| 2019 | $38K | $48K | $602K | $1 | — | View 990 |
| 2015 | $19K | $42K | $493K | $1 | — | View 990 |
| 2014 | $46K | $40K | $516K | $0 | — | View 990 |
| 2013 | $59K | $35K | $509K | $0 | — | View 990 |
| 2012 | $51K | $34K | $485K | $0 | — | View 990 |
| 2011 | $26K | $33K | $469K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $62K, and assets of $538K (revenue +12.5% year-over-year).
- 2022: Revenue of $24K, expenses of $66K, and assets of $572K (revenue -65.3% year-over-year).
- 2021: Revenue of $69K, expenses of $45K, and assets of $614K (revenue +96.6% year-over-year).
- 2020: Revenue of $35K, expenses of $47K, and assets of $590K (revenue -7.5% year-over-year).
- 2019: Revenue of $38K, expenses of $48K, and assets of $602K (revenue +98.2% year-over-year).
- 2015: Revenue of $19K, expenses of $42K, and assets of $493K (revenue -58.5% year-over-year).
- 2014: Revenue of $46K, expenses of $40K, and assets of $516K (revenue -21.9% year-over-year).
- 2013: Revenue of $59K, expenses of $35K, and assets of $509K (revenue +16.4% year-over-year).
- 2012: Revenue of $51K, expenses of $34K, and assets of $485K (revenue +96.2% year-over-year).
- 2011: Revenue of $26K, expenses of $33K, and assets of $469K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eleanor L Walker Revocable Trust:
Data Sources and Methodology
This transparency report for Eleanor L Walker Revocable Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.