LEATHERBACK TRUST INC

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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

2025-01-01 to 2025-12-31

LEATHERBACK TRUST INC, founded in 2000, is a community nonprofit in the Animal-Related sector that reported $1.7M in total revenue in fiscal year 2025. The organization ran a surplus of $1.1M, a strong 66% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $8,907 Revenue: $0

Conservation: Consolidation of Las Baulas Parque Nacional in Costa Rica and protection of approximately 5,000 Leatherback sea turtles.

Program 2

Expenses: $513,890 Revenue: $0

Research and Education: Research data collected on the population biology and migration of approximately 500 sea turtles. Outreach to approximately 1,000 local and regional Costa Ricans regarding sea...

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,429,676

Program Service Revenue $0

Investment Income $224,630

Other Revenue $1,439

TOTAL REVENUE $1,655,745

Expense Breakdown

Grants Paid $108,470

Salaries & Benefits $0

Fundraising Expenses $2,644

Program Expenses $522,797

Other Expenses $458,464

TOTAL EXPENSES $566,934

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,655,745	$1,573,985	+0.1%
Expenses	$566,934	$464,996	+0.2%
Net Income	$1,088,811	$1,108,989	0.0%

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

500

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
HAROLD AVERY	VP, FRESHWATER TURTLES	2.00	Officer Director	$0	$0	$0
THOMAS ELZEY	TREASURER	3.00	Officer Director	$0	$0	$0
MARGARET KRUESI	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT RAYMAR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN SPOTILA	BOARD MEMBER	1.00	Director	$0	$0	$0
EDUARDO CARILLO JIMENEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCE SABA	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAYA HONARVAR	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE L MANSFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTOR MONTALVO GUADAMUZ	BOARD 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
2025	$1,655,745	$566,934	$5,267,274	$1,088,811
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