MIDDLESEX LAND TRUST (EIN 222812942) - 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

1987

Legal Domicile

Principal Officer

STUART WINQUIST

Phone

8603437537

Tax Period

2023-01-01 to 2023-12-31

MIDDLESEX LAND TRUST, founded in 1987, is a small nonprofit in the Environment sector that reported $323K in total revenue in fiscal year 2023. Revenue surged 191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 49% operating margin.

Mission

THE MIDDLESEX LAND TRUST'S MISSION IS TO PRESERVE OPEN SPACE IN NORTHERN MIDDLESEX COUNTY BY IDENTIFYING, PROTECTING, AND MAINTAINING SIGNIFICANT NATURAL FEATURES SUCH AS WETLANDS, SCENIC AREAS, CRITICAL WILDLIFE HABITATS, PRIME FARMLAND AND UNIQUE GEOLOGICAL FORMATIONS. THE LAND TRUSTS ACCEPTS DONATIONS OF PROPERTY AS WELL AS CONSERVATION EASEMENTS TO ENSURE THAT THESE LANDS REMAIN IN OPEN SPACE FOR THE BENEFIT AND ENJOYMENT OF FUTURE GENERATIONS.

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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 $236,232

Program Service Revenue $0

Investment Income $86,415

Other Revenue $18

TOTAL REVENUE $322,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,936

Fundraising Expenses $0

Program Expenses $135,725

Other Expenses $94,528

TOTAL EXPENSES $165,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,665	$110,993	+1.9%
Expenses	$165,464	$213,464	-0.2%
Net Income	$157,201	$-102,471	-2.5%

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

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

$66,111

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BROWN	EXECUTIVE DI	30.00	Officer	$57,361	$8,750	$66,111
JON PORZUC	DIRECTOR	1.50	Director	$0	$0	$0
DIANE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DIBBLE	DIRECTOR	1.50	Director	$0	$0	$0
THOMAS HEIDEL	DIRECTOR	0.50	Director	$0	$0	$0
DOUG BONOFF	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HOWARD	DIRECTOR	1.50	Director	$0	$0	$0
JOHN LESHANE	DIRECTOR	1.00	Director	$0	$0	$0
MATT MARROTTE	ALTERNATE DI	1.00	Director	$0	$0	$0
KATE MILLER	ALTERNATE DI	1.00	Director	$0	$0	$0
STUART WINQUIST	CHAIR	4.00	Officer Director	$0	$0	$0
ANDREW MEIGS	VICE CHAIRPE	2.00	Officer Director	$0	$0	$0
RALPH URBAN	SECRETARY	1.00	Officer Director	$0	$0	$0
NICOLE LEE	TREASURER	2.00	Officer 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	$322,665	$165,464	$6,521,227	$157,201
2022	$110,993	$213,464	$6,056,437	$-102,471
2021	$105,647	$164,442	$6,601,653	$-58,795
2020	$116,399	$130,023	$6,206,351	$-13,624
2019	$117,627	$117,575	$6,092,271	$52
2018	$-45,492	$282,710	$5,873,940	$-328,202

MIDDLESEX LAND TRUST