STEEP ROCK ASSOCIATION INC

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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

1961

Legal Domicile

Principal Officer

BRIAN HAGENBUCH

Phone

8608689131

Tax Period

2024-10-01 to 2025-09-30

STEEP ROCK ASSOCIATION INC, founded in 1961, is a community nonprofit in the Environment sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 72% operating margin.

Mission

STEEP ROCK ASSOCIATION IS A NATIONALLY ACCREDITED LAND TRUST WHOSE MISSION IS TO CONSERVE ECOLOGICALLY AND HISTORICALLY SIGNIFICANT LANDSCAPES AND RIPARIAN CORRIDORS IN AND AROUND WASHINGTON, CT, AND TO ENHANCE THE COMMUNITY'S CONNECTION TO NATURE THROUGH OUTREACH, EDUCATION, AND PASSIVE RECREATION.

Program Service Accomplishments

Program 1

Expenses: $811,821 Revenue: $14,402

IN PURSUING ITS MISSION, STEEP ROCK ASSOCIATION WILL:- USE BEST MANAGEMENT PRACTICES TO MAINTAIN AND MANAGE THE LANDS AND IMPROVEMENTS ENTRUSTED TO IT FOR PASSIVE RECREATION, THE PROTECTION OF NATIVE FLORA AND FAUNA, AND TO SUPPORT SUSTAINABLE AGRIGULTURE.- STRIVE TO RAISE ENVIRONMENTAL CONSCIOUSNESS BY ENHANCING THE COMMUNITY'S KNOWLEDGE AND APPRECIATION OF NATURE AND ITS AWARENESS OF STEEP ROCK'S ON-GOING CONTRIBUTIONS TO THE CULTURE AND HISTORY OF THE TOWN OF WASHINGTON.- PURSUE LAND-BASED NON-COMMERCIAL ACTIVITIES THAT BENEFIT BOTH STEEP ROCK AND THE COMMUNITY.

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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 $4,249,186

Program Service Revenue $14,402

Investment Income $374,085

Other Revenue $-82,548

TOTAL REVENUE $4,555,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $725,828

Fundraising Expenses $214,546

Program Expenses $811,821

Other Expenses $564,116

TOTAL EXPENSES $1,289,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,555,125	$3,034,214	+0.5%
Expenses	$1,289,944	$1,164,224	+0.1%
Net Income	$3,265,181	$1,869,990	+0.7%

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

350

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
THOMAS M RICKART	PRESIDENT	4.00	Officer Director	$0	$0	$0
PEARY STAFFORD	SECRETARY	4.00	Officer Director	$0	$0	$0
ELLEN HANSON	TRUSTEE	2.00	Director	$0	$0	$0
ANDRIA BUDD	TRUSTEE	2.00	Director	$0	$0	$0
ROBBY BARNETT	TRUSTEE	2.00	Director	$0	$0	$0
ROXANNE KRAFT	TRUSTEE	2.00	Director	$0	$0	$0
SARA CARTER	TRUSTEE	2.00	Director	$0	$0	$0
SALLY CORNELL	TRUSTEE	2.00	Director	$0	$0	$0
KIRSTEN FELDMAN	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS KOPPEL	TRUSTEE	2.00	Director	$0	$0	$0
KATHY GUTTMAN	TRUSTEE	2.00	Director	$0	$0	$0
JOHN HERRMANN JR	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL JACOBELLIS	TRUSTEE	2.00	Director	$0	$0	$0
ELIOT JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL LLOYD	TRUSTEE	2.00	Director	$0	$0	$0
CAROL MAXWELL	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT MICHELETTO	TRUSTEE	2.00	Director	$0	$0	$0
SHANNON WALDRON	TRUSTEE	2.00	Director	$0	$0	$0
LYNN WERNER	TRUSTEE	2.00	Director	$0	$0	$0
RAYMOND REICH	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD ROSEN	TRUSTEE	2.00	Director	$0	$0	$0
JODI SCHWARTZ	TRUSTEE	2.00	Director	$0	$0	$0
MARIE SCHWARTZ	TRUSTEE	2.00	Director	$0	$0	$0
KASIA SMITH	TRUSTEE	2.00	Director	$0	$0	$0
LESLIE RUBLER WARNER	TRUSTEE	2.00	Director	$0	$0	$0
BOB KOGEL	TRUSTEE	2.00	Director	$0	$0	$0
REESE OWENS	TRUSTEE	2.00	Director	$0	$0	$0
LINDSAY PIZZI	TRUSTEE	2.00	Director	$0	$0	$0
JOHN SANTOLERI	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN HAGENBUCH	EXECUTIVE DIRECTOR	40.00	Highest	$123,855	$0	$123,855

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	$4,555,125	$1,289,944	$32,403,671	$3,265,181
2024	$3,034,214	$1,164,224	$28,876,029	$1,869,990
2023	$4,167,096	$991,457	$26,024,509	$3,175,639
2022	$3,016,328	$881,821	$22,337,626	$2,134,507
2021	$3,201,901	$878,155	$20,922,622	$2,323,746
2020	$1,169,475	$689,323	$19,017,380	$480,152
2019	$3,313,986	$692,301	$18,320,189	$2,621,685
2018	$897,420	$597,161	$15,858,907	$300,259