Friends of Acadia

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

William C Eacho

Phone

2072883340

Tax Period

2024-01-01 to 2024-12-31

Friends of Acadia, founded in 1986, is a mid-sized nonprofit in the Environment sector that reported $14.3M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $96.3M represent 81 months of operating reserves.

Mission

Friends of Acadia preserves, protects, and promotes stewardship of the outstanding natural beauty, ecological vitality, and distinctive cultural resources of Acadia National Park and surrounding communities for the inspiration and enjoyment of current and future generations.

Program Service Accomplishments

Program 1

Expenses: $510,832

Friends of Acadia makes grants from its Acadia Trails Forever project fund to the ANP trails program to maintain the park's 153 miles of trails. In 2024, the Trail crew reconstructed sections of the Ocean Path that were significantly damaged by winter storms. They also rehabilitated sections of the Bubbles Divide Trail and the Great Meadow Loop, and they repaired treads and drainage along the Beech Mountain Trail, Beech Cliffs Loop, Seaside Path, Duck Brook Connector, Kane Path, and Great Head Trail.

Program 2

Expenses: $261,572

The Carriage Road maintenance grants help to make possible the salaries of several Acadia National Park workers who perform regular maintenance of the park's 44 miles of historic carriage roads. In 2024, the carriage road crew patched washouts, graded 15 miles of carriage roads, and spread 300 tons of surface materials. They cleaned several miles of road ditches, flushed culverts, and performed overhead and ground-cutting along the Amphitheatre Loop.

Program 3

Expenses: $12,696,195

Additionally, Friends of Acadia contributes to a variety of community outreach events such as Take Pride in Acadia and Earth Day Roadside Clean-up. In partnership with Acadia National Park, Friends implements and contributes to other programs including the Summit Stewards, the Wild Garden of Acadia, the Acadia Winter Trails Association, invasive plant eradication, Acadia Quest, the peregrine falcon and hawk watch program, Acadia Teacher Fellows Program, water quality monitoring and a volunteer program that typically contributes over 5,000 hours of time per year to help maintain Acadia's trails and carriage roads. Friends of Acadia helped ANP address the ongoing seasonal employee housing shortage. In 2024 $7 million in funding was provided to ANP to assist in the building of 28 new one bedroom and studio apartments at Harden Farm. Friends of Acadia also funded the construction White Birches, a new campground to be used specifically by park employees consisting of 13 RV pads that each have a water source, electricity, and septic services. Friends of Acadia hosts an annual meeting each summer to brief the membership on the fiscal health of the organization and provide highlights of the successes of the prior year.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,304,245

Program Service Revenue $0

Investment Income $5,303,976

Other Revenue $-296,662

TOTAL REVENUE $14,311,559

Expense Breakdown

Grants Paid $10,204,089

Salaries & Benefits $2,914,488

Fundraising Expenses $1,021,311

Program Expenses $13,468,599

Other Expenses $2,130,995

TOTAL EXPENSES $15,249,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,311,559	$15,284,443	-0.1%
Expenses	$15,249,572	$6,889,715	+1.2%
Net Income	$-938,013	$8,394,728	-1.1%

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

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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

1320

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

$342,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William C Eacho	Chair	1.00	Officer Director	$0	$0	$0
David Edson	Vice Chair	1.00	Officer Director	$0	$0	$0
Rob Leary	Treasurer	1.00	Officer Director	$0	$0	$0
Story Litchfield	Secretary	1.00	Officer Director	$0	$0	$0
Mark Amstutz	Director	1.00	Director	$0	$0	$0
Julie Banzhaf-Stone	Director	1.00	Director	$0	$0	$0
Justin Bennett	Director	1.00	Director	$0	$0	$0
Sam Coplon	Director	1.00	Director	$0	$0	$0
Andrew Davis	Director	1.00	Director	$0	$0	$0
Lesley Draper	Director	1.00	Director	$0	$0	$0
Elsie Flemings	Director	1.00	Director	$0	$0	$0
Anne Green	Director	1.00	Director	$0	$0	$0
Todd Graham	Director	1.00	Director	$0	$0	$0
Margaret Jeffery	Director	1.00	Director	$0	$0	$0
David Katona	Director	1.00	Director	$0	$0	$0
Jack Kelley	Director	1.00	Director	$0	$0	$0
Cora Olgyay	Director	1.00	Director	$0	$0	$0
Laura Pierce	Director	1.00	Director	$0	$0	$0
Edward L Samek	Director	1.00	Director	$0	$0	$0
Curtis Simard	Director	1.00	Director	$0	$0	$0
Hannah Sistare Clark	Director	1.00	Director	$0	$0	$0
Christiaan van Heerden	Director	1.00	Director	$0	$0	$0
Liz Williams	Director	1.00	Director	$0	$0	$0
John Fassak	Past Director	1.00	Director	$0	$0	$0
Joan Pew	Past Director	1.00	Director	$0	$0	$0
Eric Stiles	President & CEO	40.00	Officer	$250,449	$52,138	$302,587
Jason Irwin	Past Vice President/CFO	40.00	Officer	$37,999	$1,694	$39,693
Lisa Horsch Clark	VP of Development	40.00	Highest	$160,807	$46,961	$207,768
Stephanie Clement	VP of Conservation	40.00	Highest	$128,741	$19,043	$147,784
Sarah Curts	Accounting Manager	40.00	Highest	$110,708	$17,822	$128,530
Devin Lueddeke	Development Officer for Major Gifts	40.00	Highest	$124,118	$18,638	$142,756
Lori Schaefer	Past VP of Communications & Marketing	40.00	Highest	$104,735	$12,350	$117,085

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
2024	$14,311,559	$15,249,572	$97,289,675	$-938,013
2023	$15,284,443	$6,889,715	$93,786,743	$8,394,728
2022	$7,595,646	$5,290,491	$74,652,165	$2,305,155
2021	$9,023,767	$4,768,249	$82,291,605	$4,255,518
2020	$4,546,098	$4,010,499	$70,297,006	$535,599
2019	$7,397,207	$4,374,132	$63,943,791	$3,023,075
2018	$10,029,886	$3,986,301	$54,693,785	$6,043,585