ISLAND HERITAGE TRUST INC (EIN 010426251) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

DIANA HARTNETT

Phone

2073842455

Tax Period

2022-11-01 to 2023-10-31

ISLAND HERITAGE TRUST INC is a small nonprofit in the Environment sector that reported $841K in total revenue in fiscal year 2022. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $354K, a strong 42% operating margin.

Mission

CONTRIBUTING TO THE WELL-BEING OF THE ISLAND COMMUNITY BY CONSERVING ITS DISTINCTIVE LANDSCAPES AND NATURAL RESOURCES, MAINTAINING PUBLIC ACCESS TO VALUED TRAILS, SHORELINE AND ISLANDS, AND BY PROVIDING EDUCATIONAL PROGRAMMING FOR ALL AGES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $753,571

Program Service Revenue $7,559

Investment Income $77,798

Other Revenue $1,844

TOTAL REVENUE $840,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,989

Fundraising Expenses $81,685

Program Expenses $307,065

Other Expenses $150,527

TOTAL EXPENSES $486,516

Year-over-Year Comparison

	2022	2021	Change
Revenue	$840,772	$630,819	+0.3%
Expenses	$486,516	$470,518	+0.0%
Net Income	$354,256	$160,301	+1.2%

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

$74,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM WIEGMANN	PAST CHAIR	5.00	Officer Director	$0	$0	$0
MICKIE FLORES	SECRETARY	5.00	Officer Director	$0	$0	$0
KAREN HILL	TREASURER	5.00	Officer Director	$0	$0	$0
DOUGLAS WILSON	TRUSTEE	1.00	Director	$0	$0	$0
ELKE DORR	TRUSTEE	1.00	Director	$0	$0	$0
JULIA ZELL	EXECUTIVE DI	40.00	Officer	$68,326	$5,750	$74,076
DIANA HARTNETT	CHAIR	5.00	Officer Director	$0	$0	$0
DAVE BAYLEY	TRUSTEE	1.00	Director	$0	$0	$0
ANNA GOFF	TRUSTEE	1.00	Director	$0	$0	$0
JEFF HARTNETT	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE WASHBURN	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
WOODY OSBORNE	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$840,772	$486,516	$1,817,586	$354,256
2022	$630,819	$470,518	$1,437,300	$160,301
2021	$502,707	$391,390	$1,476,751	$111,317
2020	$434,307	$325,760	$1,218,551	$108,547
2019	$338,929	$340,715	$1,090,654	$-1,786
2018	$366,842	$346,616	$1,022,158	$20,226

ISLAND HERITAGE TRUST INC