NORTH SALEM OPEN LAND FOUNDATION 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

1974

Legal Domicile

Principal Officer

Pam Pooley

Phone

9146695860

Tax Period

2023-01-01 to 2023-12-31

NORTH SALEM OPEN LAND FOUNDATION INC, founded in 1974, is a small nonprofit in the Environment sector that reported $422K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Net assets of $19.4M represent 552 months of operating reserves.

Mission

NSOLF is dedicated to preserving the character and natural beauty of the town of North Salem, NY and the area around it by establishing land areas free from exploitation, development, and deterioration and by maintaining the environmental and ecological integrity of the area.

Program Service Accomplishments

Program 1

Expenses: $315,267 Revenue: $1,466

Preservation, Maintenance and Awareness of Open Land:- Ownership of 28 parcels of land, totaling roughly 858 acres, and holding conservation easements over another 500 acres. These 1358 acres will...

Preservation, Maintenance and Awareness of Open Land:- Ownership of 28 parcels of land, totaling roughly 858 acres, and holding conservation easements over another 500 acres. These 1358 acres will remain preserved and undeveloped forever and most of this land is available to the public for walking, riding, cross-country skiing and other forms of passive recreation.- Education of land stewards through a hands-on trail maintenance workshop and development of a comprehensive Stewardship Manual to aid in the monitoring activities on NSOLF preserves.- Introduction of a guided Sunday morning hiking series on many of the preserves with land stewards and naturalists.- Partnership with the North Salem High School on the Community Garden venture.

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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 $311,210

Program Service Revenue $1,466

Investment Income $104,138

Other Revenue $4,800

TOTAL REVENUE $421,614

Expense Breakdown

Grants Paid $500

Salaries & Benefits $219,707

Fundraising Expenses $10,603

Program Expenses $315,267

Other Expenses $242,990

TOTAL EXPENSES $463,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$421,614	$1,309,713	-0.7%
Expenses	$463,197	$423,686	+0.1%
Net Income	$-41,583	$886,027	-1.0%

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

100

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 Chaffee	Trustee	1.00	Director	$0	$0	$0
Sheila Perrin	Trustee	1.00	Director	$0	$0	$0
Carol Goldberg	Trustee	2.00	Director	$0	$0	$0
Elizabeth Almeyda	Trustee	1.00	Director	$0	$0	$0
Duncan Dayton	Vice-Chair	1.00	Officer Director	$0	$0	$0
Pam Pooley	Chair	3.00	Officer Director	$0	$0	$0
Gary Holtzer	Trustee	1.00	Director	$0	$0	$0
Lois Lippmann	Trustee	1.00	Director	$0	$0	$0
Peter Kaminstein	Trustee	1.00	Director	$0	$0	$0
Bruce Colley	Trustee	1.00	Director	$0	$0	$0
Carol Timmis	Interim Treas	1.00	Officer Director	$0	$0	$0
Shari Soward	Trustee	1.00	Director	$0	$0	$0
Teri Mendelsohn	Secretary	1.00	Officer Director	$0	$0	$0
Paul Tregidgo	Trustee	1.00	Director	$0	$0	$0
Nina Eisenman	Trustee	1.00	Director	$0	$0	$0
Janet Olshansky	Trustee	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	No data	No data	No data	No data
2023	$421,614	$463,197	$19,386,217	$-41,583
2022	$1,309,713	$423,686	$18,977,287	$886,027
2021	$413,491	$352,407	$19,508,579	$61,084
2020	$376,189	$299,176	$18,973,930	$77,013
2019	$376,861	$352,506	$18,719,036	$24,355
2018	$5,954,707	$298,848	$18,253,040	$5,655,859

NORTH SALEM OPEN LAND FOUNDATION INC