Somers Land Trust Inc (EIN 133711341) - 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

1992

Legal Domicile

Principal Officer

Michael Barnhart

Phone

9144413775

Tax Period

2024-01-01 to 2024-12-31

Somers Land Trust Inc, founded in 1992, is a micro nonprofit in the Environment sector that reported $10K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Net assets of $738K represent 908 months of operating reserves.

Mission

The Somers Land Trust (SLT) is a non-profit 501(c)(3) organization dedicated to preserving open space in the town of Somers. SLT owns Rhinoceros Creek Reservation and 85 Warren Street in Somers, NY and together with the Westchester Land Trust holds a number of conservation easements throughout Somers. In addition, SLT provides environmental programming, education and outreach for the citizens of Somers and the surrounding Westchester, and Putnam County areas.

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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 $8,643

Program Service Revenue $0

Investment Income $1,108

Other Revenue $0

TOTAL REVENUE $9,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,070

Other Expenses $10,295

TOTAL EXPENSES $10,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,751	$6,322	+0.5%
Expenses	$10,295	$8,253	+0.2%
Net Income	$-544	$-1,931	-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

N/A

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
Michael Barnhart	President	10.00	Officer Director	$0	$0	$0
Lauretta Jones	Treasurer	8.00	Officer Director	$0	$0	$0
Denise Schirmer	Secretary	3.00	Officer Director	$0	$0	$0
Jan Antonucci	Trustee	3.00	Director	$0	$0	$0
Bob MacGregor	Vice President	10.00	Officer Director	$0	$0	$0
Gail Simpson	Trustee	4.00	Director	$0	$0	$0
Rosey Van Wart	Trustee	3.00	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	$9,751	$10,295	$737,769	$-544
2023	$6,322	$8,253	$738,313	$-1,931
2022	$6,988	$8,564	$740,244	$-1,576
2021	$-324,675	$15,669	$741,820	$-340,344
2020	$691,178	$17,161	$1,082,164	$674,017
2019	$13,472	$9,827	$408,147	$3,645
2018	$46,717	$19,119	$404,502	$27,598

Somers Land Trust Inc