ESSEX LAND TRUST 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

1968

Legal Domicile

Principal Officer

JEFF CROYLE

Tax Period

2023-01-01 to 2023-12-31

ESSEX LAND TRUST INC, founded in 1968, is a small nonprofit in the Environment sector that reported $171K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $57K, a strong 33% operating margin.

Mission

LAND CONSERVATION AND MANAGEMENT

Program Service Accomplishments

Program 1

Expenses: $74,329 Revenue: $4,274

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS LAND CONSERVATION AND MANAGEMENT THROUGH RESEARCH, ENVIRONMENTAL EDUCATION, IMPROVEMENT, AND THE ACQUISITION OF UNDEVELOPED LAND FOR OPEN SPACE IN ESSEX, CT. THE TOTAL VALUE OF THE LAND IT HOLDS TITLE TO AND MAINTAINS IS OVER $7 MILLION. LAND UNDER ELT OWNERSHIP IS OPEN FOR PASSIVE RECREATION TO THE GENERAL PUBLIC AT NO CHARGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $98,779

Program Service Revenue $4,274

Investment Income $67,469

Other Revenue $0

TOTAL REVENUE $170,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,909

Program Expenses $74,329

Other Expenses $113,689

TOTAL EXPENSES $113,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,522	$200,566	-0.1%
Expenses	$113,689	$104,936	+0.1%
Net Income	$56,833	$95,630	-0.4%

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

175

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
CARRIE DALY	Secretary	2.00	Officer Director	$0	$0	$0
TOM GEZO	Director	10.00	Director	$0	$0	$0
JAMES DENHAM	Director	8.00	Director	$0	$0	$0
DEBORAH CARREAU	Treasurer	10.00	Officer Director	$0	$0	$0
PETER HOLLAND	Director	2.00	Director	$0	$0	$0
JOEL ANIK	Director	3.00	Director	$0	$0	$0
CHESTER ARNOLD	Director	2.00	Director	$0	$0	$0
LEIF OWENS	Director	7.00	Director	$0	$0	$0
PAUL GREENBERG	Director	6.00	Director	$0	$0	$0
KATHRYN RYAN	Director	2.00	Director	$0	$0	$0
JEFF CROYLE	President	21.00	Officer Director	$0	$0	$0
BARBARA SARRANTONIO	Director	1.00	Director	$0	$0	$0
ROBERT NUSSBAUM	Vice President	18.00	Officer 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	No data	No data	No data	No data
2023	$170,522	$113,689	$9,658,676	$56,833
2022	$200,566	$104,936	$9,456,478	$95,630
2021	$213,120	$110,888	$9,652,798	$102,232
2020	$168,926	$125,431	$9,458,388	$43,495
2019	$342,692	$127,670	$9,302,422	$215,022
2018	$178,563	$200,197	$9,127,774	$-21,634