The Morris Farm Trust

Nonprofit profile at a glance

EIN
010494687
IRS 990-EZ coverage
2016–2020
Forms available
Form 990 2015, Form 990-EZ 2020
Location
Wiscasset, ME, USA
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Education N.E.C.

Reported finances

Revenue
$53,750
Expenses
$113,676
Assets
$380,973
Liabilities
$78,648

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MADELYN HENNESSEY (PRESIDENT)

People named in this filing

  • MADELYN HENNESSEY (PRESIDENT)
  • LORI BRYANT (TREASURER)
  • DAVID LANDMANN (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The morris farm trust seeks to promote and preserve healthy and natural agriculture through stewardship of the farm's land, teaching environmental awareness and values of sustainable living.

What it reported doing in 2020

Community events and outreach: bringing members of the community together at the morris farm for events meets it's mission of promoting sustainable agriculture and stewardship of the earth through education demonstration and community involvement.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 34
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 76.7%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -111.5%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 3.35; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 33.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 1.1% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: -3.3% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 76.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $87K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2016 to 2020
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.