Loon Echo Land Trust Inc

EIN: 222966924 501(c)(3) Environment

Bridgton, ME

Total Revenue
$2,912,812
Total Expenses
$1,256,873
Total Assets
$12,323,647
Net Assets
$12,323,647
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
ME
Principal Officer
Sheila Bourque
Phone
2076474352
Tax Period
2024-01-01 to 2024-12-31

Loon Echo Land Trust Inc, founded in 1987, is a community nonprofit in the Environment sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 57% operating margin.

Mission

Loon Echo Land Trust protects land in the northern Sebago Lake region to conserve its natural resources and character for 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,747,002
Program Service Revenue $0
Investment Income $113,108
Other Revenue $52,702
TOTAL REVENUE $2,912,812

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $466,089
Fundraising Expenses $161,576
Program Expenses $903,893
Other Expenses $770,784
TOTAL EXPENSES $1,256,873

Year-over-Year Comparison

2024 2023 Change
Revenue $2,912,812 $1,922,704 +0.5%
Expenses $1,256,873 $1,504,799 -0.2%
Net Income $1,655,939 $417,905 +3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
9
Volunteers
66

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
5
$88,570
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew Markot Exceutive Director 040.00
Officer
$85,570 $3,000 $88,570
Sheila Bourque President 005.00
Officer Director
$0 $0 $0
Quincy Van Winkle Vice President 005.00
Officer Director
$0 $0 $0
Robert Gowdy Treasurer 005.00
Officer Director
$0 $0 $0
Melissa Rock Secretary 005.00
Officer Director
$0 $0 $0
Connie Cross Director 002.00
Director
$0 $0 $0
Eric Dibner Director 002.00
Director
$0 $0 $0
Alanna Yannelli Director 002.00
Director
$0 $0 $0
Geoff Homer Director 002.00
Director
$0 $0 $0
David Suitor Director 002.00
Director
$0 $0 $0
Lee Bearse Director 002.00
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 $2,912,812 $1,256,873 $12,323,647 $1,655,939
2023 $1,922,704 $1,504,799 $10,631,163 $417,905
2022 $1,014,170 $908,608 $9,795,138 $105,562
2021 $774,982 $467,742 $9,999,514 $307,240
2020 $708,201 $467,984 $9,608,759 $240,217
2019 $1,752,152 $297,190 $9,224,500 $1,454,962
2018 $496,559 $263,742 $7,604,421 $232,817
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