Z A Mersereau Trust 38 Main St
Z A Mersereau Trust maintains stable assets with highly variable revenue and consistent expenses, reporting no officer compensation.
EIN: 16008574 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $765K |
| Total Expenses | $59K |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 70/100 |
Is Z A Mersereau Trust 38 Main St Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Z A Mersereau Trust 38 Main St directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Z A Mersereau Trust 38 Main St
Z A Mersereau Trust 38 Main St (EIN: 16008574) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $765K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Z A Mersereau Trust 38 Main St's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Z A Mersereau Trust 38 Main St is a small nonprofit, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $59K |
| Surplus / Deficit | $-15,795 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -36.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 249.2 months |
Financial Health Grade: B
In 2023, Z A Mersereau Trust 38 Main St reported a deficit of $16K with expenses exceeding revenue, holds 249.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Z A Mersereau Trust 38 Main St's revenue has declined at a compound annual growth rate (CAGR) of -4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11630.7% | -43.1% | -1.3% |
| 2022 | -99.6% | +15.2% | -7.7% |
| 2021 | +53.9% | +4.7% | +0.6% |
| 2020 | -21.5% | -5.8% | -1.7% |
| 2019 | +87.9% | +10.7% | +14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Z A Mersereau Trust 38 Main St 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Z A Mersereau Trust 38 Main St allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $16K, with expenses exceeding revenue.
- 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 mechanisms not disclosed in this section of the 990.
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 Z A Mersereau Trust 38 Main St's IRS 990 filings:
- Highly volatile annual revenue, making financial planning and sustainability assessment challenging.
- Expenses frequently exceed annual revenue, indicating reliance on asset drawdowns or prior year surpluses.
- NTEE Code is 'Unknown', which limits understanding of its charitable purpose and activities.
- Lack of detailed expense breakdown makes it difficult to assess spending efficiency.
Strengths
The following positive indicators were identified for Z A Mersereau Trust 38 Main St:
- Consistent reporting of 0% officer compensation, suggesting volunteer leadership or efficient compensation structures.
- Stable asset base, consistently over $1.1 million, providing financial resilience.
- Long filing history (9 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Z A Mersereau Trust 38 Main St
Is Z A Mersereau Trust 38 Main St a legitimate charity?
Z A Mersereau Trust 38 Main St (EIN: 16008574) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 9 years of IRS 990 filings on record. Total revenue: $765K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Z A Mersereau Trust 38 Main St spend its money?
Z A Mersereau Trust 38 Main St directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Z A Mersereau Trust 38 Main St tax-deductible?
Z A Mersereau Trust 38 Main St is registered as a tax-exempt nonprofit (EIN: 16008574). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Z A Mersereau Trust 38 Main St's spending goes to programs?
Z A Mersereau Trust 38 Main St directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Z A Mersereau Trust 38 Main St located?
Z A Mersereau Trust 38 Main St is headquartered in Portland, Maine and files with the IRS under EIN 16008574.
How many years of IRS 990 filings does Z A Mersereau Trust 38 Main St have?
Z A Mersereau Trust 38 Main St has 9 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 $765K in total revenue.
What is the nature of the Z A Mersereau Trust's activities and how does it fulfill its mission?
The provided data, particularly the NTEE code being 'Unknown', does not specify the trust's programmatic activities. Further investigation into its governing documents or detailed 990 forms would be needed to understand its mission and how it is achieved.
Why is the latest reported revenue of $764,573 significantly higher than previous years?
The latest revenue figure is an outlier compared to the historical trend of $40,000-$97,000. This could be due to a large one-time donation, investment gain, or a significant change in the trust's financial strategy or asset liquidation. Without more context, it's difficult to determine the cause.
How does the trust manage its expenses, which frequently exceed its annual revenue?
The trust's expenses often surpass its annual revenue, suggesting it relies on its substantial asset base (consistently over $1.1 million) to cover operational costs or distributions. This is common for trusts that distribute from principal or accumulated gains.
What is the breakdown of the trust's expenses, particularly between administrative and programmatic costs?
The provided data does not offer a detailed breakdown of expenses. To assess spending efficiency, it would be crucial to understand how the reported expenses (e.g., $58,612 in 2023) are allocated between administrative overhead and any direct charitable activities or distributions.
Filing History
IRS 990 filing history for Z A Mersereau Trust 38 Main St showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Z A Mersereau Trust 38 Main St's revenue has declined by 39.4%, moving from $71K to $43K. Total assets decreased by 1.6% over the same period, from $1.2M to $1.2M. Total functional expenses fell by 19.9%, from $73K to $59K. In its most recent filing year (2023), Z A Mersereau Trust 38 Main St reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $59K | $1.2M | $1 | — | View 990 |
| 2022 | $365 | $103K | $1.2M | $1 | — | View 990 |
| 2021 | $97K | $89K | $1.3M | $1 | — | View 990 |
| 2020 | $63K | $85K | $1.3M | $1 | — | — |
| 2019 | $80K | $91K | $1.4M | $0 | — | View 990 |
| 2015 | $43K | $82K | $1.2M | $0 | — | View 990 |
| 2014 | $92K | $69K | $1.2M | $0 | — | View 990 |
| 2013 | $45K | $80K | $1.2M | $0 | — | — |
| 2012 | $71K | $73K | $1.2M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $43K, expenses of $59K, and assets of $1.2M (revenue +11630.7% year-over-year).
- 2022: Revenue of $365, expenses of $103K, and assets of $1.2M (revenue -99.6% year-over-year).
- 2021: Revenue of $97K, expenses of $89K, and assets of $1.3M (revenue +53.9% year-over-year).
- 2020: Revenue of $63K, expenses of $85K, and assets of $1.3M (revenue -21.5% year-over-year).
- 2019: Revenue of $80K, expenses of $91K, and assets of $1.4M (revenue +87.9% year-over-year).
- 2015: Revenue of $43K, expenses of $82K, and assets of $1.2M (revenue -53.3% year-over-year).
- 2014: Revenue of $92K, expenses of $69K, and assets of $1.2M (revenue +104.9% year-over-year).
- 2013: Revenue of $45K, expenses of $80K, and assets of $1.2M (revenue -36.8% year-over-year).
- 2012: Revenue of $71K, expenses of $73K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Z A Mersereau Trust 38 Main St:
Data Sources and Methodology
This transparency report for Z A Mersereau Trust 38 Main St 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.