DOWNEAST LAKES LAND TRUST (EIN 010541131) - 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

2001

Legal Domicile

Principal Officer

KIMBERLY ARNOLD

Phone

2077962100

Tax Period

2023-01-01 to 2023-12-31

DOWNEAST LAKES LAND TRUST, founded in 2001, is a small nonprofit in the Environment sector that reported $806K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 46% operating deficit.

Mission

THE DOWNEAST LAKES LAND TRUST EXISTS TO CONTRIBUTE TO THE LONG-TERM ECONOMIC AND ENVIRONMENTAL WELL-BEING OF THE DOWNEAST LAKES REGION OF MAINE THROUGH THE CONSERVATION AND EXEMPLARY MANAGEMENT OF ITS FORESTS AND WATERS.

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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 $344,822

Program Service Revenue $197,394

Investment Income $188,749

Other Revenue $74,926

TOTAL REVENUE $805,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,961

Fundraising Expenses $128,761

Program Expenses $735,834

Other Expenses $736,208

TOTAL EXPENSES $1,180,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$805,891	$645,565	+0.2%
Expenses	$1,180,169	$1,290,875	-0.1%
Net Income	$-374,278	$-645,310	-0.4%

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

100

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

$163,888

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN SCHAEFER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KIMBERLY ARNOLD	VICE PRESIDENT & TREASURER	2.00	Officer Director	$0	$0	$0
JEFFREY PIERCE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDSAY P WHEATON	SECRETARY	2.00	Officer Director	$0	$0	$0
SYDNEY LEA	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD J MCGRATH	DIRECTOR	2.00	Director	$0	$0	$0
HANS PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
DALE TOBEY	DIRECTOR	2.00	Director	$0	$0	$0
VAN WOOD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MONTAGUE	PRESIDENT & CEO	47.00	Officer	$39,655	$6,245	$45,900
NICOLE NYGREN	EXECUTIVE DIRECTOR	40.00	Officer	$85,324	$22,952	$108,276
JEFFERY HARRIMAN	EXECUTIVE DIRECTOR	40.00	Officer	$9,712	$0	$9,712

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	$805,891	$1,180,169	$30,087,621	$-374,278
2022	$645,565	$1,290,875	$29,572,329	$-645,310
2021	$5,353,217	$3,258,856	$31,521,154	$2,094,361
2020	$2,346,437	$1,267,616	$28,485,364	$1,078,821
2019	$2,162,357	$1,499,912	$26,810,808	$662,445
2018	$1,375,689	$1,167,163	$25,365,146	$208,526

DOWNEAST LAKES LAND TRUST