Thomas M & Marion W Goodall Trust
Thomas M & Marion W Goodall Trust maintains strong assets and low liabilities with no reported officer compensation.
EIN: 16072679 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $159K |
| Total Expenses | $37K |
| Program Spending | 90% |
| Net Assets | $446K |
| Transparency Score | 85/100 |
Is Thomas M & Marion W Goodall Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas M & Marion W Goodall Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas M & Marion W Goodall Trust
Thomas M & Marion W Goodall Trust (EIN: 16072679) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $159K and total assets of $445K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas M & Marion W Goodall Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas M & Marion W Goodall Trust is a small nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $37K |
| Surplus / Deficit | +$2K |
| Total Assets | $446K |
| Total Liabilities | $1 |
| Net Assets | $446K |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 144.7 months |
Financial Health Grade: A
In 2024, Thomas M & Marion W Goodall Trust reported a surplus of $2K with revenue exceeding expenses, holds 144.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2024), Thomas M & Marion W Goodall Trust's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -49.1% | +0.9% | +0.7% |
| 2023 | +210.0% | +10.0% | +10.1% |
| 2022 | -25.8% | +13.7% | -2.0% |
| 2021 | +101.7% | +1.4% | +1.1% |
| 2020 | -42.2% | +3.1% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Thomas M & Marion W Goodall Trust with a Mission Score of 85 out of 100 (Excellent). 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, Thomas M & Marion W Goodall 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the trust, which is highly unusual for an organization of its size and operational history.
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 Thomas M & Marion W Goodall Trust's IRS 990 filings:
- NTEE Code Unknown: Lack of a specified NTEE code makes it difficult to understand the organization's mission and compare its financial performance to peers.
- No Officer Compensation: While seemingly positive, zero officer compensation for an organization with consistent operations and assets over $400,000 is unusual and could indicate services are provided pro bono or through an undisclosed arrangement.
Strengths
The following positive indicators were identified for Thomas M & Marion W Goodall Trust:
- Strong Asset Base: Consistently maintains assets over $400,000, indicating financial stability and capacity.
- Minimal Liabilities: Liabilities are consistently reported as $0 or $1, demonstrating excellent financial management and low debt.
- No Officer Compensation: Funds are not used for executive salaries, potentially maximizing resources for the mission.
- Consistent Filing History: A long history of IRS 990 filings (12 filings) indicates transparency and compliance.
- Positive Net Income: Frequently generates more revenue than expenses, contributing to asset growth and sustainability (e.g., 202308: Revenue $77,335 vs. Expenses $36,642).
Frequently Asked Questions about Thomas M & Marion W Goodall Trust
Is Thomas M & Marion W Goodall Trust a legitimate charity?
Thomas M & Marion W Goodall Trust (EIN: 16072679) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $159K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Thomas M & Marion W Goodall Trust spend its money?
Thomas M & Marion W Goodall Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Thomas M & Marion W Goodall Trust tax-deductible?
Thomas M & Marion W Goodall Trust is registered as a tax-exempt nonprofit (EIN: 16072679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thomas M & Marion W Goodall Trust located?
Thomas M & Marion W Goodall Trust is headquartered in Portland, Maine and files with the IRS under EIN 16072679.
How many years of IRS 990 filings does Thomas M & Marion W Goodall Trust have?
Thomas M & Marion W Goodall Trust has 12 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 $159K in total revenue.
What are the specific programmatic activities or grants funded by the Thomas M & Marion W Goodall Trust?
The provided data does not specify the programmatic activities or grants. The NTEE code is unknown, and a detailed breakdown of expenses beyond officer compensation is not available, making it difficult to understand the trust's specific mission impact.
How does the trust manage its administrative costs given no reported officer compensation?
With no reported officer compensation, administrative costs are likely very low, possibly covered by volunteer efforts or through external services not classified as officer compensation. This suggests a highly lean operational model.
What is the source of the trust's revenue fluctuations, such as the $77,335 in 202308 compared to $24,944 in 202208?
The provided data does not specify the sources of revenue. Fluctuations could be due to investment returns, specific donations, or other income streams that vary year-to-year.
Filing History
IRS 990 filing history for Thomas M & Marion W Goodall Trust showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2024), Thomas M & Marion W Goodall Trust's revenue has declined by 25.6%, moving from $53K to $39K. Total assets decreased by 1.6% over the same period, from $453K to $446K. Total functional expenses rose by 72.6%, from $21K to $37K. In its most recent filing year (2024), Thomas M & Marion W Goodall Trust reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $446K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $446K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $39K | $37K | $446K | $1 | — | View 990 |
| 2023 | $77K | $37K | $443K | $1 | — | View 990 |
| 2022 | $25K | $33K | $402K | $1 | — | View 990 |
| 2021 | $34K | $29K | $410K | $1 | — | View 990 |
| 2020 | $17K | $29K | $406K | $1 | — | — |
| 2019 | $29K | $28K | $418K | $1 | — | View 990 |
| 2016 | $11K | $28K | $418K | $0 | — | View 990 |
| 2015 | $67K | $26K | $435K | $0 | — | View 990 |
| 2014 | $18K | $23K | $394K | $0 | — | View 990 |
| 2013 | $21K | $22K | $399K | $0 | — | View 990 |
| 2012 | $-17,027 | $20K | $400K | $0 | — | View 990 |
| 2011 | $53K | $21K | $453K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $39K, expenses of $37K, and assets of $446K (revenue -49.1% year-over-year).
- 2023: Revenue of $77K, expenses of $37K, and assets of $443K (revenue +210.0% year-over-year).
- 2022: Revenue of $25K, expenses of $33K, and assets of $402K (revenue -25.8% year-over-year).
- 2021: Revenue of $34K, expenses of $29K, and assets of $410K (revenue +101.7% year-over-year).
- 2020: Revenue of $17K, expenses of $29K, and assets of $406K (revenue -42.2% year-over-year).
- 2019: Revenue of $29K, expenses of $28K, and assets of $418K (revenue +170.7% year-over-year).
- 2016: Revenue of $11K, expenses of $28K, and assets of $418K (revenue -84.1% year-over-year).
- 2015: Revenue of $67K, expenses of $26K, and assets of $435K (revenue +274.6% year-over-year).
- 2014: Revenue of $18K, expenses of $23K, and assets of $394K (revenue -13.2% year-over-year).
- 2013: Revenue of $21K, expenses of $22K, and assets of $399K.
- 2012: Revenue of $-17,027, expenses of $20K, and assets of $400K (revenue -132.2% year-over-year).
- 2011: Revenue of $53K, expenses of $21K, and assets of $453K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas M & Marion W Goodall Trust:
Data Sources and Methodology
This transparency report for Thomas M & Marion W Goodall 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.