LEATHERBACK TRUST INC (EIN 223741033) - 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

2000

Legal Domicile

Principal Officer

FRANK PALADINO

Phone

2604816304

Tax Period

2023-01-01 to 2023-12-31

LEATHERBACK TRUST INC, founded in 2000, is a small nonprofit in the Animal-Related sector that reported $922K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $374K, a strong 41% operating margin.

Mission

To save the Leatherback turtles and other sea turtles from extinction through a variety of means.

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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 $910,387

Program Service Revenue $0

Investment Income $11,750

Other Revenue $0

TOTAL REVENUE $922,137

Expense Breakdown

Grants Paid $78,000

Salaries & Benefits $0

Fundraising Expenses $3,800

Program Expenses $496,995

Other Expenses $469,715

TOTAL EXPENSES $547,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$922,137	$596,173	+0.5%
Expenses	$547,715	$407,992	+0.3%
Net Income	$374,422	$188,181	+1.0%

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
JAMES R SPOTILA	CHAIRMAN OF THE BOARD	10.00	Officer Director	$0	$0	$0
FRANK V PALADINO	PRESIDENT	15.00	Officer Director	$0	$0	$0
THOMAS ELZEY	TREASURER	2.00	Officer Director	$0	$0	$0
MARGARET KRUESI	SECRETARY	3.00	Officer Director	$0	$0	$0
HAROLD AVERY	VP, FRESHWATER TURTLES	1.00	Officer Director	$0	$0	$0
EDUARDO CARILLO JIMENEZ	MEMBER	1.00	Director	$0	$0	$0
JOHN SPOTILA	MEMBER	1.00	Director	$0	$0	$0
LOUISE GUND	MEMBER	1.00	Director	$0	$0	$0
ROBERT RAYMAR	MEMBER	1.00	Director	$0	$0	$0
BRYAN WALLACE	MEMBER	1.00	Director	$0	$0	$0
VINCE SABA	MEMBER	1.00	Director	$0	$0	$0
SHAYA HONARVAR	MEMBER	1.00	Director	$0	$0	$0
DAMIAN MARTINEZ	MEMBER	1.00	Director	$0	$0	$0
ANDREA MONTERO-CORDERO	MEMBER	1.00	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	No data	No data	No data	No data
2023	$922,137	$547,715	$3,078,703	$374,422
2022	$596,173	$407,992	$2,652,073	$188,181
2021	$349,914	$262,437	$2,438,501	$87,477
2020	$248,322	$327,992	$2,351,116	$-79,670
2020	$248,322	$327,992	$2,351,116	$-79,670
2019	$418,532	$488,447	$2,429,954	$-69,915
2018	$363,531	$458,937	$2,501,318	$-95,406

LEATHERBACK TRUST INC