NORTHERN CONNECTICUT LAND TRUST INC (EIN 222935986) - 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

Patrice Carson

Phone

8608756971

Tax Period

2023-08-01 to 2024-07-31

NORTHERN CONNECTICUT LAND TRUST INC, founded in 1987, is a small nonprofit in the Environment sector that reported $282K in total revenue in fiscal year 2023. Revenue surged 501% from the prior year, signaling strong growth momentum. The organization ran a surplus of $266K, a strong 94% operating margin.

Mission

To preserve the natural resources of the northern CT region including agricultural land and other ecologically important open space.

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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 $263,540

Program Service Revenue $0

Investment Income $10,128

Other Revenue $8,400

TOTAL REVENUE $282,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,883

Other Expenses $16,433

TOTAL EXPENSES $16,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,068	$46,924	+5.0%
Expenses	$16,433	$7,638	+1.2%
Net Income	$265,635	$39,286	+5.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrice Carson	President	5	Director	$0	$0	$0
Rick Dewey	Director	3	Director	$0	$0	$0
Karl Hasel	VP	4	Director	$0	$0	$0
James Gage	VP	4	Director	$0	$0	$0
Richard Bailey	Director	3	Director	$0	$0	$0
Walt Moody	Director	3	Director	$0	$0	$0
Gene Julian	Director	2	Director	$0	$0	$0
Don Smith	Director	2	Director	$0	$0	$0
Bryan Jambard Jr	Treasurer	4	Director	$0	$0	$0
Albert Grant	Director	3	Director	$0	$0	$0
Valerie Amsel	Director	2	Director	$0	$0	$0
Elise Bennett	Director	2	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	$282,068	$16,433	$8,054,179	$265,635
2023	$46,924	$7,638	$7,788,544	$39,286
2022	$30,528	$9,306	$7,749,258	$21,222
2021	$261,203	$9,645	$7,728,036	$251,558
2020	$168,103	$36,752	$7,476,478	$131,351

NORTHERN CONNECTICUT LAND TRUST INC