Freeport Conservation Trust

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

Thomas Boutureira

Phone

2078563985

Tax Period

2025-01-01 to 2025-12-31

Freeport Conservation Trust, founded in 1977, is a small nonprofit that reported $484K in total revenue in fiscal year 2025. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $230K, a strong 47% operating margin.

Mission

To protect, preserve and connect open space lands and provide public access to natural areas in Freeport, including forests, farmland, scenic vistas, wildlife habitat, and shoreland.

Program Service Accomplishments

Program 1

Expenses: $75,207

The Land Protection Program is central to FCTs work and reflects its community-based approach to conservation. Staff work closely with a volunteer Land Committee to identify and pursue conservation opportunities using a strategic approach that considers land connectivity, ecological value, and recreational opportunities. FCT partners with volunteers, landowners, municipalities, and other environmental organizations to achieve lasting conservation outcomes.

Program 2

Expenses: $67,318 Revenue: $22,704

The Stewardship Program is dedicated to the perpetual care of lands owned by FCT and conservation easements held by the organization. This work is led by staff and supported by a volunteer...

The Stewardship Program is dedicated to the perpetual care of lands owned by FCT and conservation easements held by the organization. This work is led by staff and supported by a volunteer stewardship committee responsible for maintaining records and meeting monitoring and filing requirements under Maine law. The program includes annual monitoring, trail maintenance, capital improvements, development of new trails, and overall property management. Administration, oversight, and planning are guided by the Land Trust Alliance Standards and Practices.

Program 3

Expenses: $61,038

The Community Outreach Program hosts community events, field programs, and workshops to encourage public engagement and increase awareness of local natural resources. FCT uses a variety of...

The Community Outreach Program hosts community events, field programs, and workshops to encourage public engagement and increase awareness of local natural resources. FCT uses a variety of communication channels to connect with residents and promote participation in conservation activities. The organization also works with teachers in the local school district to support environmental education and outdoor learning.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $402,882

Program Service Revenue $22,000

Investment Income $59,322

Other Revenue $149

TOTAL REVENUE $484,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,428

Fundraising Expenses $25,611

Program Expenses $203,563

Other Expenses $145,062

TOTAL EXPENSES $254,490

Year-over-Year Comparison

	2025	2024	Change
Revenue	$484,353	$295,256	+0.6%
Expenses	$254,490	$210,191	+0.2%
Net Income	$229,863	$85,065	+1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carrie Kinne	Executive Director	40.00		$74,405	$13,403	$87,808
Ethel Wilkerson	President	3.00	Officer Director	$0	$0	$0
Kelly Sink	Vice President	2.00	Officer Director	$0	$0	$0
Thomas Boutureira	Treasurer	2.00	Officer Director	$0	$0	$0
Robert Stevens	Director	1.00	Director	$0	$0	$0
Toby Jacobs	Director	1.00	Director	$0	$0	$0
Virginia Lee	Director	1.00	Director	$0	$0	$0
Seth Martin	Director	1.00	Director	$0	$0	$0
Ally McDougal	Director	1.00	Director	$0	$0	$0
Mason Morfit	Director	0.50	Director	$0	$0	$0
Benjamin Niles	Director	3.00	Director	$0	$0	$0
John Slavin	Director	0.50	Director	$0	$0	$0
Eric Sofen	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$484,353	$254,490	$6,366,283	$229,863
2024	No data	No data	No data	No data
2023	$214,662	$199,414	$4,179,307	$15,248
2022	$224,704	$175,526	$3,949,395	$49,178
2021	$199,206	$130,151	$4,186,716	$69,055
2020	$704,261	$74,649	$3,919,382	$629,612
2019	$400,894	$67,978	$3,162,362	$332,916
2018	$125,547	$83,030	$2,659,603	$42,517