MONHEGAN ASSOCIATES 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

1954

Legal Domicile

Principal Officer

FRED FALLER

Phone

2072954335

Tax Period

2024-06-01 to 2025-05-31

MONHEGAN ASSOCIATES INC, founded in 1954, is a small nonprofit in the Environment sector that reported $278K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $179K, a strong 64% operating margin.

Mission

THE MONHEGAN ASSOCIATES IS A LAND TRUST DEDICATED TO THE ONGOING PRESERVATION OF THE NATURAL WILD BEAUTY AND BIOTIC COMMUNITIES OF MORE THAN 350 ACRES OF WILDLANDS ON MONHEGAN ISLAND IN MAINE.

Program Service Accomplishments

Program 1

Expenses: $55,149 Revenue: $10,822

THE MONHEGAN ASSOCIATES MAINTAINS A NINE-MILE TRAIL SYSTEM THROUGH THE WILDLANDS OF MONHEGAN ISLAND WITH THE ASSISTANCE OF WEEKLY VOLUNTEERS DURING THE SUMMER MONTHS AND A DEDICATED WORK CREW FOR...

THE MONHEGAN ASSOCIATES MAINTAINS A NINE-MILE TRAIL SYSTEM THROUGH THE WILDLANDS OF MONHEGAN ISLAND WITH THE ASSISTANCE OF WEEKLY VOLUNTEERS DURING THE SUMMER MONTHS AND A DEDICATED WORK CREW FOR MORE SUBSTANTIAL REPAIRS AND RESTORATION IN THE FALL. THE CONDITION OF THE TRAILS AND THE WILDLANDS IS MONITORED BY A COORDINATOR WHO RECOMMENDS PROJECTS AND THEIR PRIORITY. COORDINATED WITH WILDLANDS PRESERVATION IS THE REMOVAL OR CONTAINMENT OF INVASIVE PLANTS THAT THREATEN THE HEALTH OF THE FOREST. EDUCATION AND RESEARCH ARE THE MAJOR ACTIVITIES OF THE MONHEGAN ASSOCIATES, WHICH SPONSORS A SUMMER SERIES OF ECOLOGY LECTURES AND SUPPORTS ACADEMIC RESEARCH TO INFORM LAND MANAGEMENT SERVICES.

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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 $124,584

Program Service Revenue $10,822

Investment Income $142,739

Other Revenue $0

TOTAL REVENUE $278,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,275

Fundraising Expenses $8,763

Program Expenses $55,149

Other Expenses $52,924

TOTAL EXPENSES $99,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,145	$251,126	+0.1%
Expenses	$99,199	$115,235	-0.1%
Net Income	$178,946	$135,891	+0.3%

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

N/A

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
WILLOW BATES	TRUSTEE	1.00	Director	$0	$0	$0
SALLY BOYNTON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN CHRISTIE	TREASURER	1.00	Officer Director	$0	$0	$0
KATHY DRISCOLL	TRUSTEE	1.00	Director	$0	$0	$0
FRED FALLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SALLY FREEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES GALVIN	TRUSTEE	1.00	Director	$0	$0	$0
BILL HIDEL	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS KOEBER	TRUSTEE	1.00	Director	$0	$0	$0
NAOMI KORDAK	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN LINDQUIST	CO VICE PRES	1.00	Officer Director	$0	$0	$0
TISH MILLER	CO VICE PRES	1.00	Officer Director	$0	$0	$0
JESSE PARTRIDGE	TRUSTEE	1.00	Director	$0	$0	$0
JEAN SMITH	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
2025	$278,145	$99,199	$963,869	$178,946
2024	$251,126	$115,235	$882,150	$135,891
2023	$101,590	$75,835	$689,476	$25,755
2022	$99,828	$95,613	$692,968	$4,215
2021	$197,323	$76,866	$735,560	$120,457
2020	$59,624	$51,567	$544,081	$8,057
2019	$47,647	$50,972	$517,022	$-3,325
2018	$69,050	$71,363	$516,310	$-2,313