Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc
Small foundation maintains stable assets with minimal liabilities, showing fluctuating revenue and consistent expenses.
EIN: 16056516 · Portland, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $189K |
| Total Expenses | $40K |
| Program Spending | 85% |
| Net Assets | $503K |
| Transparency Score | 80/100 |
Is Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc
Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc (EIN: 16056516) is a nonprofit organization based in Portland, ME, classified under NTEE code T22. The organization reported total revenue of $189K and total assets of $510K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc is a small nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $40K |
| Surplus / Deficit | $-1,316 |
| Total Assets | $503K |
| Total Liabilities | $1 |
| Net Assets | $503K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 151.2 months |
Financial Health Grade: B
In 2024, Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc reported a deficit of $1K with expenses exceeding revenue, holds 151.2 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), Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -51.6% | -3.3% | -0.2% |
| 2023 | +165.1% | +5.0% | +8.2% |
| 2022 | +19.3% | +12.6% | -1.9% |
| 2021 | -1.5% | +4.0% | -2.0% |
| 2020 | +104.8% | +4.4% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc with a Mission Score of 80 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization likely operates with an entirely volunteer board or very minimal, unpaid administrative oversight, which is highly efficient for an organization of its size.
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 Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc's IRS 990 filings:
- Lack of detailed expense breakdown in summary data, making program efficiency hard to fully assess.
Strengths
The following positive indicators were identified for Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc:
- Consistently low liabilities ($0 or $1) indicating strong financial stability.
- 0% officer compensation across all filings, suggesting highly efficient administrative costs.
- Consistent IRS 990 filing history, demonstrating good transparency over time.
- Stable asset base around $500,000, providing a reliable endowment for its mission.
Frequently Asked Questions about Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc
Is Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc a legitimate charity?
Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc (EIN: 16056516) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $189K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc spend its money?
Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc tax-deductible?
Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc is registered as a tax-exempt nonprofit (EIN: 16056516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc located?
Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc is headquartered in Portland, Maine and files with the IRS under EIN 16056516. It is classified under NTEE code T22.
How many years of IRS 990 filings does Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc have?
Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc 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 $189K in total revenue.
What specific programs or grants does Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc fund?
Based on the NTEE code T22 (Hospital Foundations), the organization's primary 'program' would likely involve providing financial support or grants to H D Goodall Hospital Inc. The IRS 990 summary data does not provide specific details on the nature or recipients of these grants.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that any administrative services are provided pro bono or through other arrangements not classified as officer compensation. This indicates a very lean operational structure.
What caused the significant revenue increase in the latest period to $188,754?
The provided data does not specify the source of the revenue. Given the organization's nature as a foundation, this could be due to a large investment gain, a significant donation, or a specific fundraising event. Further detail from the full 990 filing would be needed to understand this fluctuation.
Is the organization's asset growth consistent with its mission?
The organization's assets have remained relatively stable around $500,000 over the past decade, fluctuating but not showing significant growth or decline. For a foundation, maintaining a stable asset base is crucial for long-term support of its beneficiary, H D Goodall Hospital Inc.
Filing History
IRS 990 filing history for Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc's revenue has grown by 16%, moving from $33K to $39K. Total assets increased by 6.9% over the same period, from $470K to $503K. Total functional expenses rose by 48.9%, from $27K to $40K. In its most recent filing year (2024), Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $503K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $503K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $39K | $40K | $503K | $1 | — | View 990 |
| 2023 | $80K | $41K | $504K | $1 | — | View 990 |
| 2022 | $30K | $39K | $465K | $1 | — | View 990 |
| 2021 | $25K | $35K | $474K | $1 | — | View 990 |
| 2020 | $26K | $34K | $484K | $1 | — | View 990 |
| 2016 | $12K | $32K | $490K | $0 | — | View 990 |
| 2015 | $78K | $30K | $509K | $0 | — | View 990 |
| 2014 | $21K | $27K | $461K | $0 | — | View 990 |
| 2013 | $24K | $27K | $467K | $0 | — | View 990 |
| 2012 | $33K | $27K | $470K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $39K, expenses of $40K, and assets of $503K (revenue -51.6% year-over-year).
- 2023: Revenue of $80K, expenses of $41K, and assets of $504K (revenue +165.1% year-over-year).
- 2022: Revenue of $30K, expenses of $39K, and assets of $465K (revenue +19.3% year-over-year).
- 2021: Revenue of $25K, expenses of $35K, and assets of $474K (revenue -1.5% year-over-year).
- 2020: Revenue of $26K, expenses of $34K, and assets of $484K (revenue +104.8% year-over-year).
- 2016: Revenue of $12K, expenses of $32K, and assets of $490K (revenue -84.0% year-over-year).
- 2015: Revenue of $78K, expenses of $30K, and assets of $509K (revenue +266.3% year-over-year).
- 2014: Revenue of $21K, expenses of $27K, and assets of $461K (revenue -10.8% year-over-year).
- 2013: Revenue of $24K, expenses of $27K, and assets of $467K (revenue -28.3% year-over-year).
- 2012: Revenue of $33K, expenses of $27K, and assets of $470K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc:
Data Sources and Methodology
This transparency report for Trust U/W Lucy W Hardy B/O H D Goodall Hospital Inc 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.