QUISSETT HARBOR HOUSE LAND TRUST I… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

PHILLIP LYNCH

Phone

7819873013

Tax Period

2024-06-01 to 2025-05-31

QUISSETT HARBOR HOUSE LAND TRUST INC, founded in 1976, is a small nonprofit that reported $226K in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 41% operating margin.

Mission

THE TRUST PROPERTY AND BUILDINGS ARE MAINTAINED IN GOOD REPAIR WITH THE INTENT TO BE RENTED TO THE MEMBERS. RENTAL INCOME IS USED TO MAINTAIN/PROTECT THE LAND AND BUILDINGS IN OUR AREA.

Program Service Accomplishments

Program 1

Expenses: $124,181

THE PROPERTIES ARE RENTED DURING THE SUMMER MONTHS AND DOCKAGE FEES ARE ASSESED. SUCH FUNDS ARE USED TO MAINTAIN, REPAIR AND UPKEEP THE PROPERTIES IN OUR LAND TRUST.

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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 $189,176

Program Service Revenue $2,822

Investment Income $851

Other Revenue $33,076

TOTAL REVENUE $225,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,045

Fundraising Expenses $0

Program Expenses $124,181

Other Expenses $129,437

TOTAL EXPENSES $132,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,925	$110,970	+1.0%
Expenses	$132,482	$117,052	+0.1%
Net Income	$93,443	$-6,082	-16.4%

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

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
PHILLIP LYNCH	TREASURER	2.00	Officer Director	$0	$0	$0
DANA F RODIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
GERALYN THOMPSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTHA BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
THERESA WINGROVE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DUROCHER	DIRECTOR	1.00	Director	$0	$0	$0
MARCY DEWOLFE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL ROBB	DIRECTOR	1.00	Director	$0	$0	$0
WEATHERLY DORRIS	DIRECTOR	1.00	Director	$0	$0	$0
MARKIE CLOWES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT STREITER	DIRECTOR	1.00	Director	$0	$0	$0
MARK CAHILL	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
2025	$225,925	$132,482	$411,322	$93,443
2024	$110,970	$117,052	$317,663	$-6,082
2023	$114,802	$108,096	$326,476	$6,706
2022	$121,487	$90,229	$314,971	$31,258
2021	$101,367	$86,759	$286,602	$14,608
2020	$31,539	$46,382	$271,055	$-14,843
2019	$41,854	$29,886	$301,411	$11,968

QUISSETT HARBOR HOUSE LAND TRUST INC