ESSEX COUNTY TRAIL ASSOCIATION INC (EIN 043029275) - 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

MARTHA SANDERS

Phone

9784681133

Tax Period

2024-01-01 to 2024-12-31

ESSEX COUNTY TRAIL ASSOCIATION INC, founded in 1989, is a small nonprofit that reported $338K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 21% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE RESPONSIBLE USE OF TRAILS, WAYS, AND PATHS AND RIGHTS OF WAYS, AND PATHS AND RIGHTS OF ACCESS TO AND EGRESS FROM BOTH PUBLICLY AND PRIVATELY OWNED LAND IN THE TOWNS OF HAMILTON, WENHAM, ESSEX,IPSWICH, TOPSFIELD AND WEST NEWBURY.

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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 $204,289

Program Service Revenue $97,437

Investment Income $36,268

Other Revenue $0

TOTAL REVENUE $337,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,240

Fundraising Expenses $0

Program Expenses $184,771

Other Expenses $163,371

TOTAL EXPENSES $265,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,994	$262,987	+0.3%
Expenses	$265,611	$236,859	+0.1%
Net Income	$72,383	$26,128	+1.8%

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

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
Martha Sanders	President	3.00	Officer Director	$0	$0	$0
Deborah Hamilton	Vice President	3.00	Officer Director	$0	$0	$0
Eric Krathwohl	Secretary	3.00	Officer Director	$0	$0	$0
Susan Lawrence	Treasurer	0.50	Officer Director	$0	$0	$0
Haskell Crocker	Director	0.50	Director	$0	$0	$0
Nick Holland	Director	0.50	Director	$0	$0	$0
Julie Lake	Director	0.50	Director	$0	$0	$0
Frank Lane	Director	0.50	Director	$0	$0	$0
Penelope Neal	Director	0.50	Director	$0	$0	$0
Rick Silverman	Director	0.50	Director	$0	$0	$0
Susanna Colloredo-Mansfeld	Director Emerita	0.50	Director	$0	$0	$0
Ann Getchell	Director Emerita	0.50	Director	$0	$0	$0
David Santomenna	Director	0.50	Director	$0	$0	$0
John Linsley	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
2024	$337,994	$265,611	$916,697	$72,383
2023	$262,987	$236,859	$823,916	$26,128
2022	$309,659	$286,068	$731,026	$23,591
2021	$241,758	$195,588	$833,368	$46,170
2020	$234,147	$195,328	$765,262	$38,819
2019	$327,477	$159,964	$654,914	$167,513
2018	$227,276	$196,079	$454,931	$31,197

ESSEX COUNTY TRAIL ASSOCIATION INC