THE WESTERLY LAND TRUST

EIN: 222864907 501(c)(3)

WESTERLY, RI

Total Revenue
$1,301,518
Total Expenses
$898,650
Total Assets
$8,040,792
Net Assets
$5,223,183
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
RI
Principal Officer
NICHOLAS STAHL
Phone
4013152610
Tax Period
2025-01-01 to 2025-12-31

THE WESTERLY LAND TRUST, founded in 1987, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2025. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $403K, a strong 31% operating margin.

Mission

THE WESTERLY LAND TRUST CONSERVES OPEN SPACE, REVITALIZES CULTURALLY SIGNIFICANT PROPERTIES, AND PROVIDES ENVIRONMENTAL PROGRAMS FOR THE ENDURING BENEFIT OF OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $94,376 Revenue: $33,456

THE WESTERLY LAND TRUST, A NOT-FOR-PROFIT CORPORATION, OPERATES THROUGHOUT WESTERLY TO CONSERVE SPACE AND ENHANCE COMMUNITY RESOURCES. SPECIFIC PROGRAMS INCLUDE THE PRESERVATION OF OPEN SPACE...

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THE WESTERLY LAND TRUST, A NOT-FOR-PROFIT CORPORATION, OPERATES THROUGHOUT WESTERLY TO CONSERVE SPACE AND ENHANCE COMMUNITY RESOURCES. SPECIFIC PROGRAMS INCLUDE THE PRESERVATION OF OPEN SPACE, REHABILITATION AND REDEVELOPMENT OF ESTABLISHED NEIGHBORHOODS, AND ESTABLISHMENT OF EDUCATION AND RECREATION OPPORTUNITIES FOR THE PUBLIC. THE TRUST'S PROGRAMS AND ACTIVITIES ARE DIRECTED TO THE PROTECTION AND ENHANCEMENT OF THE ENVIRONMENT, AGRICULTURE, AND WATER RESOURCES AS WELL AS THE COMMUNITY'S "SENSE OF PLACE." WESTERLY IS RECOGNIZED AS A PLACE WITH SPECIAL CHARM AND ATTRACTIONS WHICH ARE A SOURCE OF PRIDE TO ITS RESIDENTS AND A MAGNET FOR TOURISTS AND NEW RESIDENTS. THE TRUST AIMS TO PROTECT AND STRENGTHEN THAT REPUTATION.

Program 2
Expenses: $394,851

THE LAND TRUST CURRENTLY HOLDS 32 PROPERTIES TOTALING MORE THAN 1,900 ACRES. THE MOST RECENT ACQUISITIONS WERE CAMP QUEQUATUCK IN DECEMBER 2025. IN 2004, THE WESTERLY LAND TRUST EXPANDED ITS MISSION...

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THE LAND TRUST CURRENTLY HOLDS 32 PROPERTIES TOTALING MORE THAN 1,900 ACRES. THE MOST RECENT ACQUISITIONS WERE CAMP QUEQUATUCK IN DECEMBER 2025. IN 2004, THE WESTERLY LAND TRUST EXPANDED ITS MISSION TO INCLUDE RE-DEVELOPMENT OF BLIGHTED COMMERCIAL PROPERTIES IN AREAS OF HISTORICAL SIGNIFICANCE IN DOWNTOWN WESTERLY. THE CONCEPT IS THAT SMART GROWTH WILL BENEFIT THE TOWN AND REDUCE DEVELOPMENT PRESSURE ON ENVIRONMENTALLY SENSITIVE AREAS. IN ADDITION TO THE HISTORIC UNITED THEATER, MONTGOMERY WARD, AND INDUSTRIAL TRUST BUILDINGS, THE LAND TRUST AND ITS PARTNERS OWN PROPERTIES BETWEEN MAIN STREET AND THE PAWCATUCK RIVER. AS PART OF WLT'S 2023 STRATEGIC PLANNING PROCESS, THE BOARD AND STAFF EXTENDED THE URBAN INITIATIVE TO INCLUDE MORE THAN JUST DOWNTOWN, WITH THE NEW GOAL READING: TO PROVIDE ACCESS TO NATURE FOR EVERYONE, WLT WILL CONTINUE TO STEWARD OUR CURRENT URBAN PROPERTIES AND WORK TO CONSERVE GREEN SPACES IN OTHER DEVELOPED AREAS OF WESTERLY.

Program 3
Expenses: $158,267

SINCE 2016, THE WESTERLY LAND TRUST HAS PRIORITIZED YOUTH ENVIRONMENTAL EDUCATION AS A CRITICAL OBJECTIVE. THIS CAME IN THE FORM OF FIELD TRIPS AND CLASSROOM SESSIONS, BUT COVID ALTERED THE...

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SINCE 2016, THE WESTERLY LAND TRUST HAS PRIORITIZED YOUTH ENVIRONMENTAL EDUCATION AS A CRITICAL OBJECTIVE. THIS CAME IN THE FORM OF FIELD TRIPS AND CLASSROOM SESSIONS, BUT COVID ALTERED THE TRAJECTORY AND OPENED MINDS TO THE IMPORTANCE OF OUTDOOR LEARNING. LIVING LABORATORIES CAME TO LIFE DURING THE PANDEMIC TO ENCOURAGE FAMILIES TO EXPERIENCE NATURE TOGETHER, AND THIS PROGRAM HAS BEEN GROWING AND EVOLVING EVER SINCE. TODAY LIVING LABORATORIES IS A MUCH NEEDED AFTER-SCHOOL AND SUMMER OPTION THAT COMBINES SOCIAL AND EMOTIONAL ELEMENTS AND ENVIRONMENTAL LITERACY. ALL YOUTH EDUCATION PROGRAMS ARE OFFERED FREE OF CHARGE TO STUDENTS AND FAMILIES. IN 2025 THE LAND TRUST BEGAN OFFERING TAILORED PROGRAMS FOR HOMESCHOOL GROUPS. WLT PRIORITIZES PARTNERSHIPS WITH OTHER LOCAL NON-PROFITS TO EXPAND OUR REACH AND OFFERINGS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,253,132
Program Service Revenue $30,626
Investment Income $16,504
Other Revenue $1,256
TOTAL REVENUE $1,301,518

Expense Breakdown

Grants Paid $0
Salaries & Benefits $488,548
Fundraising Expenses $118,979
Program Expenses $647,494
Other Expenses $410,102
TOTAL EXPENSES $898,650

Year-over-Year Comparison

2025 2024 Change
Revenue $1,301,518 $3,882,530 -0.7%
Expenses $898,650 $1,955,171 -0.5%
Net Income $402,868 $1,927,359 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
200

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
6
$152,869
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL MCKENDREE DIRECTOR 2.00
Director
$0 $0 $0
DAVE HANNON SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID RATHBUN DIRECTOR 2.00
Director
$0 $0 $0
DEIRDRE O'CONNOR DIRECTOR 2.00
Director
$0 $0 $0
GAIL MALLARD VICE PRESIDENT FOR ACQUISI 4.00
Officer Director
$0 $0 $0
GERRY GORMAN TREASURER 4.00
Officer Director
$0 $0 $0
JEFFREY WALKER DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER BRINTON DIRECTOR 2.00
Director
$0 $0 $0
JOSEPH MICELI DIRECTOR 2.00
Director
$0 $0 $0
KATE SMITH DIRECTOR 2.00
Director
$0 $0 $0
LINDA GRIFFIN VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
NICHOLAS J STAHL PRESIDENT 6.00
Officer Director
$0 $0 $0
POLLY CHORLTON DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE RAIA DIRECTOR 2.00
Director
$0 $0 $0
STEVE RUZZO DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER FUSCO EXECUTIVE DIRECTOR 48.00
Officer
$148,853 $4,016 $152,869
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 $1,301,518 $898,650 $8,040,792 $402,868
2024 $3,882,530 $1,955,171 $7,674,596 $1,927,359
2023 $868,946 $855,532 $8,586,549 $13,414
2022 $1,004,301 $1,172,433 $8,768,262 $-168,132
2021 $860,827 $663,621 $8,921,926 $197,206
2020 $849,186 $634,643 $8,811,023 $214,543
2019 $762,108 $575,814 $8,540,000 $186,294
2018 $1,512,688 $698,362 $8,482,933 $814,326
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