Harpswell Heritage Land Trust (EIN 222552116) - 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

1983

Legal Domicile

Principal Officer

Tim McCreight

Phone

2077211121

Tax Period

2024-01-01 to 2024-12-31

Harpswell Heritage Land Trust, founded in 1983, is a community nonprofit in the Environment sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $1.0M, a strong 60% operating margin.

Mission

Land Conservation

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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 $1,572,251

Program Service Revenue $50,551

Investment Income $71,438

Other Revenue $0

TOTAL REVENUE $1,694,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,839

Fundraising Expenses $67,400

Program Expenses $487,524

Other Expenses $335,691

TOTAL EXPENSES $669,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,694,240	$1,904,989	-0.1%
Expenses	$669,530	$1,694,898	-0.6%
Net Income	$1,024,710	$210,091	+3.9%

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

230

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

$49,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Becky Gallery	Trustee	2.00	Director	$0	$0	$0
Cristine Bachor	Trustee	2.00	Director	$0	$0	$0
Deirdre Strachan	Trustee	2.00	Director	$0	$0	$0
Don Westfall	Trustee	2.00	Director	$0	$0	$0
Doug Warren	Trustee	2.00	Director	$0	$0	$0
Ed Robinson	Treasurer	2.00	Officer Director	$0	$0	$0
John Boomer	Trustee	2.00	Director	$0	$0	$0
Judy Wallingford	Secretary	2.00	Officer Director	$0	$0	$0
Lew Hinman	Trustee	2.00	Director	$0	$0	$0
Mary Ann Nahf	Trustee	2.00	Director	$0	$0	$0
Rachel Beane	Vice President	2.00	Officer Director	$0	$0	$0
Ron Davis	Trustee	2.00	Director	$0	$0	$0
Sharon Oehmig	Trustee	2.00	Director	$0	$0	$0
Steve Caulfield	Trustee	2.00	Director	$0	$0	$0
Tim McCreight	President	2.00	Officer Director	$0	$0	$0
Wendy Batson	Trustee	2.00	Director	$0	$0	$0
Pat Richardson	Trustee	2.00	Director	$0	$0	$0
Melissa Traynham	Trustee	2.00	Director	$0	$0	$0
Julia McLeod	Executive Director	40.00	Officer	$46,565	$2,847	$49,412

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	$1,694,240	$669,530	$8,636,420	$1,024,710
2023	$1,904,989	$1,694,898	$7,309,371	$210,091
2022	$1,053,291	$456,107	$6,731,137	$597,184
2021	$979,929	$398,217	$9,587,656	$581,712
2020	$1,050,321	$336,728	$8,712,965	$713,593

Harpswell Heritage Land Trust