RURAL LAND FOUNDATION OF LINCOLN

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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

1965

Legal Domicile

Principal Officer

ANDREW STEVENSON

Phone

7812599250

Tax Period

2024-01-01 to 2024-12-31

RURAL LAND FOUNDATION OF LINCOLN, founded in 1965, is a small nonprofit in the Environment sector that reported $176K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $628K exceeded revenue, resulting in a 256% operating deficit.

Mission

THE PRESERVATION OF THE NATURAL BEAUTIES AND RURAL CHARACTER OF THE TOWN OF LINCOLN, MA THROUGH LAND CONSERVATION AND THE PROTECTION OF OPEN SPACE.

Program Service Accomplishments

Program 1

Expenses: $530,148

IN 2024, RLF CONTINUED EXPLORING LAND CONSERVATION INITIATIVES IN THE TOWN OF LINCOLN, INCLUDING MONITORING LAND OF CONSERVATION INTEREST, DEVELOPING AND MAINTAINING RELATIONSHIPS WITH LAND OWNERS...

IN 2024, RLF CONTINUED EXPLORING LAND CONSERVATION INITIATIVES IN THE TOWN OF LINCOLN, INCLUDING MONITORING LAND OF CONSERVATION INTEREST, DEVELOPING AND MAINTAINING RELATIONSHIPS WITH LAND OWNERS, DEVELOPING LAND PLANNING SOLUTIONS FOR OPEN SPACE PROTECTION AND THE LOCATION OF PUBLIC TRAILS, AND SUPPORTING INITIATIVES TO EDUCATE THE TOWN OF LINCOLN ABOUT LAND CONSERVATION. SPECIFIC RLF ACCOMPLISHMENTS IN 2024 INCLUDE:ACQUISITION: IN MAY 2024, RLF SIGNED AN AMENDED PURCHASE AND SALE AGREEMENT FOR THE PURCHASE OF 7.6 ACRES OF LAND IN LINCOLN FOR $825,000. PER THE AGREEMENT, RLF RELEASED TO FARRINGTON NATURE LINC A TOTAL OF $300,000 DEPOSITED TO AN ESCROW ACCOUNT IN 2023 AND PAID AN ADDITIONAL $50,000 IN 2024. RLF ALSO REACHED PRELIMINARY AGREEMENT WITH FARRINGTON ON TERMS FOR THE PURCHASE AND CONSERVATION OF APPROXIMATELY 60 ADDITIONAL ACRES OF LAND OWNED BY FARRINGTON. RLF INTENDS TO CONSERVE THE LAND AS OPEN SPACE THROUGH CONSERVATION DEED TRANSFERS AND CONSERVATION RESTRICTIONS (CRS).AS PART OF A LARGER CONSERVATION PROJECT WITH THE ADJACENT FARRINGTON LAND, RLF SIGNED AN OPTION AGREEMENT IN OCTOBER 2024, FOR THE PURCHASE OF THE 20-ACRE PANETTA PROPERTY OFF OF PAGE ROAD AND CAMBRIDGE TURNPIKE. RLF INTENDS TO WORK WITH A DEVELOPER TO CREATE TIGHTLY CLUSTERED HOUSING ON THE PROPERTY AND CONSERVE APPROXIMATELY 12 OF THE 20 ACRES.

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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 $13,900

Program Service Revenue $0

Investment Income $94,530

Other Revenue $68,056

TOTAL REVENUE $176,486

Expense Breakdown

Grants Paid $50,100

Salaries & Benefits $193,482

Fundraising Expenses $1,161

Program Expenses $530,148

Other Expenses $384,249

TOTAL EXPENSES $627,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,486	$348,481	-0.5%
Expenses	$627,831	$217,040	+1.9%
Net Income	$-451,345	$131,441	-4.4%

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

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

$176,952

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEOFF MCGEAN	EXECUTIVE DIRECTOR	26.00	Officer	$154,432	$22,520	$176,952
MICHELLE BARNES	FORMER CHAIR	3.00	Officer Director	$0	$0	$0
ANDREW STEVENSON	CHAIR	2.00	Officer Director	$0	$0	$0
SUSAN ALLEN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ELLEN MEADORS	TREASURER	5.00	Officer Director	$0	$0	$0
ANDREW GNAZZO	VICE-TREASURER	1.00	Officer Director	$0	$0	$0
NANCY SOULETTE	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL ENGLAND	TRUSTEE	1.00	Director	$0	$0	$0
DIANE JONG	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH BASSETT	TRUSTEE	1.00	Director	$0	$0	$0
PAUL SHORB	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT MASON	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN WELSH	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM CONSTABLE	TRUSTEE	1.00	Director	$0	$0	$0
JAY ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
RACHAEL NEURATH	TRUSTEE	1.00	Director	$0	$0	$0
MICAH REMLEY	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	No data	No data	No data	No data
2024	$176,486	$627,831	$7,080,379	$-451,345
2023	$348,481	$217,040	$7,615,191	$131,441
2022	$417,885	$205,885	$7,505,646	$212,000
2021	$754,946	$1,006,377	$7,946,531	$-251,431
2020	$565,891	$138,663	$8,203,500	$427,228
2019	$571,239	$554,351	$8,104,564	$16,888
2018	$126,683	$224,469	$8,095,161	$-97,786