CONANICUT ISLAND LAND TRUST CORPORATION

EIN: 222608961 501(c)(3) Environment

JAMESTOWN, RI

Total Revenue
$86,228
Total Expenses
$20,320
Total Assets
$2,595,202
Net Assets
$2,590,458
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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
1984
Legal Domicile
RI
Principal Officer
QUENTIN ANTHONY
Phone
4014233841
Tax Period
2024-01-01 to 2024-12-31

CONANICUT ISLAND LAND TRUST CORPORATION, founded in 1984, is a micro nonprofit in the Environment sector that reported $86K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $66K, a strong 76% operating margin.

Mission

PRESERVATION OF OPEN SPACE

Program Service Accomplishments

Program 1
Expenses: $16,590 Revenue: $1,172

ACQUISITION OF LAND, CONSERVATION EASEMENTS, AND DEVELOPMENT RIGHTS IN ORDER TO PRESERVE OPEN SPACE ON CONANICUT ISLAND AND STEWARDSHIP TO INCLUDE MONTORING OF PROPERTIES FOR COMPLIANCE WITH TERMS OF...

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ACQUISITION OF LAND, CONSERVATION EASEMENTS, AND DEVELOPMENT RIGHTS IN ORDER TO PRESERVE OPEN SPACE ON CONANICUT ISLAND AND STEWARDSHIP TO INCLUDE MONTORING OF PROPERTIES FOR COMPLIANCE WITH TERMS OF EASEMENTS, DEEDS ETC AND TO EDUCATE THE PUBLIC REGARDING CONSERVATION ISSUES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $71,032
Program Service Revenue $1,172
Investment Income $14,024
Other Revenue $0
TOTAL REVENUE $86,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,860
Program Expenses $16,590
Other Expenses $20,320
TOTAL EXPENSES $20,320

Year-over-Year Comparison

2024 2023 Change
Revenue $86,228 $73,964 +0.2%
Expenses $20,320 $22,806 -0.1%
Net Income $65,908 $51,158 +0.3%
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

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Governance

Voting Members
12
Independent Members
12
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
QUENTIN ANTHONY PRESIDENT 20.00
Officer Director
$0 $0 $0
ARTHUR CLARK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DENNIS BRENEISER TREASURER 2.00
Officer Director
$0 $0 $0
JIM TURENNE SECRETARY 10.00
Officer Director
$0 $0 $0
STEVE GOSLEE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SWISTAK DIRECTOR 1.00
Director
$0 $0 $0
ETHAN BROWN DIRECTOR 1.00
Director
$0 $0 $0
DEAN WAGNER DIRECTOR 1.00
Director
$0 $0 $0
LOWELL THOMAS DIRECTOR 1.00
Director
$0 $0 $0
CHERYL PAGE DIRECTOR 1.00
Director
$0 $0 $0
PAMELA RODGERS DIRECTOR 1.00
Director
$0 $0 $0
CAROL CRAFTS DIRECTOR 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 $86,228 $20,320 $2,595,202 $65,908
2023 $73,964 $22,806 $2,523,920 $51,158
2022 $141,628 $44,237 $2,471,278 $97,391
2021 $205,738 $30,232 $2,373,887 $175,506
2020 $60,205 $17,846 $2,198,381 $42,359
2019 $68,735 $22,061 $2,156,022 $46,674
2018 $86,226 $29,890 $2,109,347 $56,336
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