RANGELEY LAKES HERITAGE TRUST INC

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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

1991

Legal Domicile

Principal Officer

DAVID MILLER

Phone

2078647311

Tax Period

2023-01-01 to 2023-12-31

RANGELEY LAKES HERITAGE TRUST INC, founded in 1991, is a community nonprofit in the Environment sector that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 48% operating margin.

Mission

TO CONSERVE AND STEWARD THE NATURAL AND HISTORICAL RESOURCES OF THE RANGELEY LAKES REGION FOR THE BENEFIT OF THE COMMUNITY AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,856,391 Revenue: $4,427

PROTECT THE NATURAL RESOURCES OF THE RANGELEY LAKES REGION. CONSERVE 14,000 ACRES OF LAND, INCLUDING 50 MILES OF LAKE AND RIVER FRONTAGE, 15 ISLANDS AND THE MAJESTIC 2,443 FOOT BALD MOUNTAIN.

Program 2

Expenses: $37,178 Revenue: $9,838

ECOVENTURE OUTDOOR PROGRAMS - EDUCATIONAL PROGRAMS FOR ADULTS AND KIDS

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,250,332

Program Service Revenue $14,265

Investment Income $267,233

Other Revenue $58,872

TOTAL REVENUE $6,590,702

Expense Breakdown

Grants Paid $2,150,000

Salaries & Benefits $556,559

Fundraising Expenses $328,211

Program Expenses $2,893,569

Other Expenses $710,523

TOTAL EXPENSES $3,417,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,590,702	$4,301,852	+0.5%
Expenses	$3,417,082	$1,439,218	+1.4%
Net Income	$3,173,620	$2,862,634	+0.1%

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

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

115

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

$134,994

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MILLER	EXECUTIVE DI	40.00	Officer	$116,257	$18,737	$134,994
IAN ADELMAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA APPELL-WARREN	DIRECTOR	1.00	Director	$0	$0	$0
MERANNE BEHRENDS	DIRECTOR	1.00	Director	$0	$0	$0
BEN BOWDITCH	DIRECTOR	1.00	Director	$0	$0	$0
PAT BUTLER	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
LINDA DEXTER	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY HAND	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
DAN HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
ALEX INGRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
EMMETT LESCROART	DIRECTOR	1.00	Director	$0	$0	$0
RENEE LEVI	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MCKEWON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MEDINA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MORTON	DIRECTOR	1.00	Director	$0	$0	$0
BILL OPPENHEIM	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN OPPENHEIM	SECRETARY	4.00	Officer Director	$0	$0	$0
H PAUL REYNOLDS	PRESIDENT	4.00	Officer Director	$0	$0	$0
HEATON ROBERTSON	TREASURER	4.00	Officer Director	$0	$0	$0
ROB WELCH	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
2024	No data	No data	No data	No data
2023	$6,590,702	$3,417,082	$22,519,293	$3,173,620
2022	$4,301,852	$1,439,218	$20,625,495	$2,862,634
2021	$3,067,125	$791,284	$16,809,098	$2,275,841
2020	$1,018,763	$721,853	$13,844,858	$296,910