Mordecai Land 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

2001

Legal Domicile

Principal Officer

Linda Colgan

Phone

6096183090

Tax Period

2023-10-01 to 2024-09-30

Mordecai Land Trust Inc, founded in 2001, is a small nonprofit in the Environment sector that reported $101K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 86% operating margin.

Mission

Preserve & protect Mordecai Island through education, studies and active participation.

Program Service Accomplishments

Program 1

Expenses: $1,578 Revenue: $0

Educate general public about conditions on Mordecai Island and mitigate loss of marsh land. Hold meetings and distribute quarterly newsletter, maintain website

Program 2

Expenses: $0 Revenue: $0

Held clean up of Mordecai. In fall in conjunction with International clean up day. (0-20 persons assisting)

Program 3

Expenses: $3,600 Revenue: $0

Oyster Reef project - creation of reef for oyster propagation. Wave measurement monitoring

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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 $67,442

Program Service Revenue $0

Investment Income $21,055

Other Revenue $12,643

TOTAL REVENUE $101,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,178

Other Expenses $14,393

TOTAL EXPENSES $14,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,140	$65,880	+0.5%
Expenses	$14,393	$8,486	+0.7%
Net Income	$86,747	$57,394	+0.5%

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
Linda Colgan	President	2.00	Officer	$0	$0	$0
Jim Dugan	Vice President	2.00	Officer	$0	$0	$0
Michele Budd	Vice President	2.00	Officer	$0	$0	$0
Deborah Harkness	Treasurer	2.00	Officer	$0	$0	$0
Kathleen Birch	Secretary	2.00	Officer	$0	$0	$0
Alyce Tatlow	membership	2.00	Officer	$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	$101,140	$14,393	$712,002	$86,747
2023	$65,880	$8,486	$625,255	$57,394
2022	$63,825	$14,299	$567,861	$49,526
2021	$24,958	$8,886	$518,335	$16,072
2020	$21,392	$16,648	$502,263	$4,744
2019	$54,302	$36,337	$497,519	$17,965
2018	$39,247	$34,264	$479,554	$4,983