THE KENNEBEC LAND TRUST (EIN 010440729) - 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

Formation Year

1988

Legal Domicile

Principal Officer

MATT MULLEN

Phone

2073772848

Tax Period

2024-07-01 to 2025-06-30

THE KENNEBEC LAND TRUST, founded in 1988, is a community nonprofit in the Environment sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 67% operating margin.

Mission

THE KENNEBEC LAND TRUST (KLT) WORKS COOPERATIVELY WITH LANDOWNERS AND COMMUNITIES TO CONSERVE THE FORESTS, LAKES, STREAMS, WETLANDS, FIELDS, AND WILDLIFE THAT HELP DEFINE CENTRAL MAINE. KLT PROTECTS AND STEWARDS LAND PERMANENTLY, OFFERS ACCESS TO CONSERVED PROPERTIES, PROVIDES OPPORTUNITIES FOR PEOPLE TO LEARN ABOUT AND ENJOY THE NATURAL WORLD, AND WORKS WITH PARTNERS TO SUPPORT SUSTAINABLE FORESTRY AND FARMING. KLT HAS PROVIDED OVER THIRTY-SEVEN YEARS OF CONSERVATION WORK IN THE KENNEBEC RIVER AND LAKES REGION. THANKS TO THE GENEROUS CONTRIBUTIONS AND SUPPORT OF MORE THAN 1,100 HOUSEHOLD MEMBERS AND BUSINESS PARTNERS, DEDICATED VOLUNTEERS, BOARD MEMBERS, AND STAFF, WE HAVE EXPERIENCED OVER THREE DECADES OF SIGNIFICANT GROWTH AND DEVELOPED A REPUTATION AS A CONSERVATION LEADER IN OUR 413,000-ACRE SERVICE REGION. WE HAVE RECEIVED STATEWIDE AND REGIONAL RECOGNITION AND AWARDS FOR OUR DEDICATION TO CONSERVING LAND FOR ITS MANY COMMUNITY BENEFITS, INCLUDING PUBLIC USE AND RECREATION. KLT H

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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 $1,594,766

Program Service Revenue $14,067

Investment Income $71,758

Other Revenue $12,919

TOTAL REVENUE $1,693,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,631

Fundraising Expenses $15,733

Program Expenses $422,915

Other Expenses $245,906

TOTAL EXPENSES $563,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,693,510	$849,598	+1.0%
Expenses	$563,537	$535,671	+0.1%
Net Income	$1,129,973	$313,927	+2.6%

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

140

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

$82,399

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA KERCHNER	EXECUTIVE DI	40.00	Officer	$80,788	$1,611	$82,399
JORDAN BEALL	DIRECTOR	1.00	Director	$0	$0	$0
SUE BELL	DIRECTOR	1.50	Director	$0	$0	$0
SUSAN CALDWELL	DIRECTOR	1.50	Director	$0	$0	$0
MARY DENISON	DIRECTOR	0.40	Director	$0	$0	$0
TOM FERRERO	DIRECTOR	0.80	Director	$0	$0	$0
PAUL KUEHNERT	1ST VICE PRE	2.30	Officer Director	$0	$0	$0
HOWARD LAKE	DIRECTOR	0.80	Director	$0	$0	$0
BOB MARVINNEY	SECRETARY	1.50	Officer Director	$0	$0	$0
CORINNE MICHAUD-LEBLANC	DIRECTOR	0.80	Director	$0	$0	$0
SCOTT MOUCKA	2ND VICE PRE	0.80	Officer Director	$0	$0	$0
MATT MULLEN	PRESIDENT	1.40	Officer Director	$0	$0	$0
JANET SAWYER	PAST PRESIDE	1.10	Director	$0	$0	$0
JEAN SCUDDER	DIRECTOR	0.70	Director	$0	$0	$0
DEB SEWALL	DIRECTOR	0.60	Director	$0	$0	$0
MARY SHERIDAN	DIRECTOR	0.60	Director	$0	$0	$0
LINDSAY THEIS	DIRECTOR	0.60	Director	$0	$0	$0
AMY TRUNNELL	TREASURER	1.80	Officer Director	$0	$0	$0
KIM VANDERMEULEN	DIRECTOR	0.50	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	$1,693,510	$563,537	$10,264,489	$1,129,973
2024	$849,598	$535,671	$9,056,435	$313,927
2023	$989,014	$449,993	$8,640,392	$539,021
2022	$1,042,594	$477,749	$8,051,480	$564,845
2021	$574,661	$442,163	$7,749,269	$132,498
2020	$958,040	$399,020	$7,407,416	$559,020
2019	$737,258	$386,060	$6,867,894	$351,198
2018	$1,221,016	$370,755	$6,463,240	$850,261

THE KENNEBEC LAND TRUST