Harpswell Heritage Land Trust

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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

Matt Newberg

Phone

2077211121

Tax Period

2025-01-01 to 2025-12-31

Harpswell Heritage Land Trust, founded in 1983, is a community nonprofit in the Environment sector that reported $3.3M in total revenue in fiscal year 2025. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 8% surplus.

Mission

Land Conservation, Trails and Public Access, Education

Program Service Accomplishments

Program 1

Expenses: $2,830,192 Revenue: $17,565

Management of trust owned lands, monitoring of trust conservation easements, pursuit of new conservation projects, presentation of public education programs, support of community gardens, printing of newsletters and other materials and management of website to inform members and the public, fundraising.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,185,012

Program Service Revenue $17,565

Investment Income $74,971

Other Revenue $0

TOTAL REVENUE $3,277,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,902

Fundraising Expenses $71,147

Program Expenses $2,830,192

Other Expenses $2,628,944

TOTAL EXPENSES $2,999,846

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,277,548	$1,694,240	+0.9%
Expenses	$2,999,846	$669,530	+3.5%
Net Income	$277,702	$1,024,710	-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

243

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

$91,503

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Hancock	Trustee	2.00	Director	$0	$0	$0
Don Westfall	Trustee	2.00	Director	$0	$0	$0
Ed Robinson	Treasurer	2.00	Officer Director	$0	$0	$0
Jane Warren	Trustee	2.00	Director	$0	$0	$0
Jason Leese	Trustee	2.00	Director	$0	$0	$0
John Boomer	Trustee	2.00	Director	$0	$0	$0
Judy Wallingford	Vice President	2.00	Officer Director	$0	$0	$0
Lew Hinman	Secretary	2.00	Officer Director	$0	$0	$0
Lew Incze	Trustee	2.00	Director	$0	$0	$0
Melissa Traynham	Trustee	2.00	Director	$0	$0	$0
Nathan Ackerman	Trustee	2.00	Director	$0	$0	$0
Pat Richardson	Trustee	2.00	Director	$0	$0	$0
Ron Davis	Trustee	2.00	Director	$0	$0	$0
Sharon Oehmig	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
Christine Bachor	Trustee	2.00	Director	$0	$0	$0
Deirdre Strachan	Trustee	2.00	Director	$0	$0	$0
Doug Warren	Trustee	2.00	Director	$0	$0	$0
Rachel Beane	Trustee	2.00	Director	$0	$0	$0
Steve Caulfield	Trustee	2.00	Director	$0	$0	$0
Matt Newberg	Executive Director	40.00	Officer	$87,000	$4,503	$91,503

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	$3,277,548	$2,999,846	$9,185,597	$277,702
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