Ernest M Goodall Trust Fbo Goodall
Ernest M Goodall Trust maintains stable assets with minimal liabilities and no reported officer compensation.
EIN: 16072680 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $164K |
| Total Expenses | $33K |
| Program Spending | 80% |
| Net Assets | $449K |
| Transparency Score | 75/100 |
Is Ernest M Goodall Trust Fbo Goodall Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ernest M Goodall Trust Fbo Goodall directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ernest M Goodall Trust Fbo Goodall
Ernest M Goodall Trust Fbo Goodall (EIN: 16072680) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $164K and total assets of $457K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ernest M Goodall Trust Fbo Goodall's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ernest M Goodall Trust Fbo Goodall is a small nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $33K |
| Surplus / Deficit | +$3K |
| Total Assets | $449K |
| Total Liabilities | $1 |
| Net Assets | $449K |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 161.1 months |
Financial Health Grade: A
In 2024, Ernest M Goodall Trust Fbo Goodall reported a surplus of $3K with revenue exceeding expenses, holds 161.1 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 (2012–2024), Ernest M Goodall Trust Fbo Goodall's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -52.7% | -5.8% | +1.1% |
| 2023 | +202.6% | +0.3% | +10.1% |
| 2022 | -15.0% | +14.9% | -2.4% |
| 2021 | +84.7% | +6.0% | -0.2% |
| 2020 | +48.4% | +7.4% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Ernest M Goodall Trust Fbo Goodall with a Mission Score of 75 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Ernest M Goodall Trust Fbo Goodall allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through an external entity, which minimizes direct salary expenses for the trust itself.
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 Ernest M Goodall Trust Fbo Goodall's IRS 990 filings:
- NTEE Code is Unknown, limiting understanding of mission
- Lack of detailed expense breakdown beyond total expenses
Strengths
The following positive indicators were identified for Ernest M Goodall Trust Fbo Goodall:
- Consistent filing of IRS Form 990s
- Stable asset base over a decade (e.g., $456,656 latest assets)
- No reported officer compensation, indicating low overhead in this area
- Minimal liabilities reported across all periods (e.g., $1 or $0)
Frequently Asked Questions about Ernest M Goodall Trust Fbo Goodall
Is Ernest M Goodall Trust Fbo Goodall a legitimate charity?
Ernest M Goodall Trust Fbo Goodall (EIN: 16072680) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $164K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Ernest M Goodall Trust Fbo Goodall spend its money?
Ernest M Goodall Trust Fbo Goodall directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ernest M Goodall Trust Fbo Goodall tax-deductible?
Ernest M Goodall Trust Fbo Goodall is registered as a tax-exempt nonprofit (EIN: 16072680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ernest M Goodall Trust Fbo Goodall located?
Ernest M Goodall Trust Fbo Goodall is headquartered in Portland, Maine and files with the IRS under EIN 16072680.
How many years of IRS 990 filings does Ernest M Goodall Trust Fbo Goodall have?
Ernest M Goodall Trust Fbo Goodall 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 $164K in total revenue.
What is the specific mission or program focus of the Ernest M Goodall Trust Fbo Goodall?
The provided data does not specify the exact mission or program focus, as the NTEE code is 'Unknown'. Further investigation into their public records or website would be needed.
How does the trust manage its investments to generate revenue?
While revenue figures are provided, the specific investment strategies are not detailed in the available IRS 990 summary data. Revenue fluctuates, suggesting reliance on investment returns or other income sources.
What are the primary categories of expenses for the trust?
The data only provides total expenses. Without a detailed breakdown, it's difficult to ascertain the primary categories, though the absence of officer compensation suggests administrative costs are likely for operational overhead or professional services.
Filing History
IRS 990 filing history for Ernest M Goodall Trust Fbo Goodall showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Ernest M Goodall Trust Fbo Goodall's revenue has grown by 194.9%, moving from $12K to $36K. Total assets increased by 10% over the same period, from $408K to $449K. Total functional expenses rose by 239.5%, from $10K to $33K. In its most recent filing year (2024), Ernest M Goodall Trust Fbo Goodall reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $449K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $449K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $36K | $33K | $449K | $1 | — | View 990 |
| 2023 | $77K | $36K | $444K | $1 | — | View 990 |
| 2022 | $25K | $35K | $403K | $1 | — | View 990 |
| 2021 | $30K | $31K | $414K | $1 | — | — |
| 2020 | $16K | $29K | $415K | $1 | — | — |
| 2016 | $11K | $27K | $426K | $0 | — | View 990 |
| 2015 | $69K | $27K | $442K | $0 | — | View 990 |
| 2014 | $20K | $24K | $400K | $0 | — | View 990 |
| 2013 | $20K | $23K | $405K | $0 | — | View 990 |
| 2012 | $12K | $10K | $408K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $36K, expenses of $33K, and assets of $449K (revenue -52.7% year-over-year).
- 2023: Revenue of $77K, expenses of $36K, and assets of $444K (revenue +202.6% year-over-year).
- 2022: Revenue of $25K, expenses of $35K, and assets of $403K (revenue -15.0% year-over-year).
- 2021: Revenue of $30K, expenses of $31K, and assets of $414K (revenue +84.7% year-over-year).
- 2020: Revenue of $16K, expenses of $29K, and assets of $415K (revenue +48.4% year-over-year).
- 2016: Revenue of $11K, expenses of $27K, and assets of $426K (revenue -84.2% year-over-year).
- 2015: Revenue of $69K, expenses of $27K, and assets of $442K (revenue +251.0% year-over-year).
- 2014: Revenue of $20K, expenses of $24K, and assets of $400K (revenue +0.4% year-over-year).
- 2013: Revenue of $20K, expenses of $23K, and assets of $405K (revenue +58.7% year-over-year).
- 2012: Revenue of $12K, expenses of $10K, and assets of $408K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ernest M Goodall Trust Fbo Goodall:
Data Sources and Methodology
This transparency report for Ernest M Goodall Trust Fbo Goodall 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.