SOUTHBOROUGH OPEN LAND FOUNDATION INC (EIN 223002718) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

Larry Samberg

Phone

7742300382

Tax Period

2024-01-01 to 2024-12-31

SOUTHBOROUGH OPEN LAND FOUNDATION INC, founded in 1988, is a micro nonprofit that reported $40K in total revenue in fiscal year 2024. Net assets of $2.1M represent 615 months of operating reserves.

Mission

Preservation and Maintenance of Open Space in Southborough Massachusetts for ecological, agricultural, and recreational purposes.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,936

Program Service Revenue $0

Investment Income $12,238

Other Revenue $0

TOTAL REVENUE $40,174

Expense Breakdown

Grants Paid $2,176

Salaries & Benefits $2,035

Fundraising Expenses $2,328

Program Expenses $27,425

Other Expenses $36,423

TOTAL EXPENSES $40,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,174	$40,121	+0.0%
Expenses	$40,634	$25,333	+0.6%
Net Income	$-460	$14,788	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Destin Heilman	President / Trustee	3	Officer Director	$0	$0	$0
Eileen Samberg	Clerk	10	Officer Director	$0	$0	$0
Larry Samberg	Treasurer	10	Officer Director	$0	$0	$0
Lawrence Spezzano	Vice President	8	Officer Director	$0	$0	$0
Sally Watters	Trustee	5	Director	$0	$0	$0
Ralph Ellis	Trustee	2	Director	$0	$0	$0
Deborah Costine	Trustee	5.00	Officer Director	$0	$0	$0
Kathy Curtiss	Trustee	3	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
2025	No data	No data	No data	No data
2024	$40,174	$40,634	$2,059,584	$-460
2024	$40,174	$40,634	$2,059,584	$-460
2023	$40,121	$25,333	$2,047,672	$14,788
2022	$30,083	$33,194	$2,023,462	$-3,111
2021	$33,462	$19,038	$2,068,398	$14,424
2020	$32,045	$18,462	$2,047,361	$13,583
2019	$31,037	$15,723	$1,985,288	$15,314
2018	$56,761	$20,769	$1,942,321	$35,992

SOUTHBOROUGH OPEN LAND FOUNDATION INC