NORFOLK LAND TRUST INC (EIN 061072464) - 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

1982

Legal Domicile

Principal Officer

Elizabeth Borden

Phone

8603078380

Tax Period

2024-01-01 to 2024-12-31

NORFOLK LAND TRUST INC, founded in 1982, is a small nonprofit in the Environment sector that reported $664K in total revenue in fiscal year 2024. Revenue surged 899% from the prior year, signaling strong growth momentum. The organization ran a surplus of $607K, a strong 91% operating margin.

Mission

TO ENCOURAGE THE PRESERVATION OF OPEN SPACE IN NORFOLK, CT AND surrounding communities FOR THE PUBLIC BENEFIT AND TO SERVE AS A VEHICLE FOR managing and maintaining LAND THAT HAS BEEN SET ASIDE FOR OPEN SPACE PURPOSES.

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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 $601,005

Program Service Revenue $0

Investment Income $56,382

Other Revenue $6,591

TOTAL REVENUE $663,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,425

Program Expenses $44,475

Other Expenses $56,492

TOTAL EXPENSES $56,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$663,978	$66,483	+9.0%
Expenses	$56,492	$61,479	-0.1%
Net Income	$607,486	$5,004	+120.4%

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

N/A

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLEY HARMS	Secretary	2.00	Officer Director	$3,000	$0	$3,000
Jennie Brown	Director	1.00	Director	$0	$0	$0
Barry Roseman	Director	1.00	Director	$0	$0	$0
Walter Godlewski	Vice President	1.00	Officer Director	$0	$0	$0
GRANT MUDGE	Director	1.00	Director	$0	$0	$0
Martin Tandler	Director	1.00	Director	$0	$0	$0
Libby Borden	President	2.00	Officer Director	$0	$0	$0
Steven Getz	Treasurer	1.00	Officer Director	$0	$0	$0
Gail Savage	Director	1.00	Director	$0	$0	$0
Kelly Kandra Hughes	Director	1.00	Director	$0	$0	$0
David Cusick	Director	1.00	Director	$0	$0	$0
BILL COUCH	Director	1.00	Director	$0	$0	$0
Kathy Robb	Director	1.00	Director	$0	$0	$0
MICHELLE CHILDS	Director	1.00	Director	$0	$0	$0
DARYL EATON	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
2024	$663,978	$56,492	$5,549,023	$607,486
2023	$66,483	$61,479	$4,944,137	$5,004
2022	$778,139	$39,576	$4,885,928	$738,563
2021	$447,981	$38,323	$4,225,759	$409,658
2020	$54,184	$38,220	$3,783,076	$15,964
2019	$294,652	$49,432	$3,680,886	$245,220
2018	$74,411	$37,061	$3,390,456	$37,350

NORFOLK LAND TRUST INC