Charlestown Land Trust

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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

1995

Legal Domicile

Phone

4013228384

Tax Period

2024-01-01 to 2024-12-31

Charlestown Land Trust, founded in 1995, is a micro nonprofit in the Environment sector that reported $98K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 31% operating margin.

Mission

To preserve and protect the distinctive character of Charlestown, RI through acquisition and management of open space.

Program Service Accomplishments

Program 1

Expenses: $55,794

Acquisition and maintenance of open land for environmental protection

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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 $50,220

Program Service Revenue $0

Investment Income $22,987

Other Revenue $24,362

TOTAL REVENUE $97,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,345

Fundraising Expenses $0

Program Expenses $55,794

Other Expenses $35,757

TOTAL EXPENSES $67,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,569	$79,831	+0.2%
Expenses	$67,102	$52,086	+0.3%
Net Income	$30,467	$27,745	+0.1%

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
John Varadian	Treasurer	2.00	Officer Director	$0	$0	$0
Jane Burns	Secretary	2.00	Officer Director	$0	$0	$0
Katherine Gibson	Trustee	2.00	Director	$0	$0	$0
Linda BoBack	Trustee	2.00	Director	$0	$0	$0
Patrice Fenton	Vice President	2.00	Officer Director	$0	$0	$0
David Fredrickson	President	2.00	Officer Director	$0	$0	$0
Keith Killingbeck	Trustee	2.00	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	$97,569	$67,102	$2,799,307	$30,467
2023	$79,831	$52,086	$2,762,548	$27,745
2022	$85,321	$55,883	$2,714,347	$29,438
2021	$58,428	$35,696	$2,736,108	$22,732
2020	$36,543	$11,729	$2,704,836	$24,814
2019	$48,000	$24,404	$2,665,167	$23,596
2018	$76,948	$26,110	$2,618,211	$50,838