KENNEBEC ESTUARY LAND TRUST (EIN 010446468) - 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

1989

Legal Domicile

Principal Officer

REEVE WOOD

Phone

2074428400

Tax Period

2024-01-01 to 2024-12-31

KENNEBEC ESTUARY LAND TRUST, founded in 1989, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $256K, a strong 19% operating margin.

Mission

The mission of the Kennebec Estuary Land Trust is to conserve, restore, and instill appreciation of the land and water resources of the Kennebec Estuary for the benefit of today's communities and future generations.

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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 $1,291,559

Program Service Revenue $38,384

Investment Income $41,880

Other Revenue $1,000

TOTAL REVENUE $1,372,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $433,641

Fundraising Expenses $25,922

Program Expenses $958,620

Other Expenses $683,071

TOTAL EXPENSES $1,116,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,372,823	$2,150,609	-0.4%
Expenses	$1,116,712	$1,563,121	-0.3%
Net Income	$256,111	$587,488	-0.6%

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

275

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
Rebeccah Kolak	EXECUTIVE DIRECTOR	40.00		$85,176	$9,338	$94,514
Reeve Wood	President	2.00	Officer Director	$0	$0	$0
Dixie Stedman	BOARD MEMBER	0.50	Director	$0	$0	$0
Steve August	Treasurer	1.00	Officer Director	$0	$0	$0
Travis Wolfel	Vice president	1.00	Officer Director	$0	$0	$0
Dennis Dunbar	BOARD MEMBER	1.00	Director	$0	$0	$0
Jenny Burch	BOARD MEMBER	1.00	Director	$0	$0	$0
Bethany Atkins	BOARD MEMBER	0.50	Director	$0	$0	$0
Anna Christie-Carnicella	BOARD MEMBER	0.50	Director	$0	$0	$0
Amy Wesson	BOARD MEMBER	1.00	Director	$0	$0	$0
Warren Whitney	BOARD MEMBER	0.50	Director	$0	$0	$0
Richard Lorenson	BOARD MEMBER	0.50	Director	$0	$0	$0
John Swenson	Secretary	1.00	Officer Director	$0	$0	$0
Eloise Vitelli	BOARD MEMBER	0.50	Director	$0	$0	$0
Jack Witham	BOARD MEMBER	2.00	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	$1,372,823	$1,116,712	$9,744,851	$256,111
2023	$2,150,609	$1,563,121	$9,321,385	$587,488
2022	$1,667,569	$508,840	$8,641,770	$1,158,729
2021	$889,906	$525,482	$7,572,768	$364,424
2020	$1,297,466	$647,895	$7,128,611	$649,571
2019	$1,421,256	$965,150	$6,502,145	$456,106
2018	$871,072	$578,957	$5,933,389	$292,115

KENNEBEC ESTUARY LAND TRUST