The Sakonnet Preservation Associat… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

Abigail Brooks

Phone

4016358800

Tax Period

2025-01-01 to 2025-12-31

The Sakonnet Preservation Association Inc, founded in 1972, is a small nonprofit that reported $366K in total revenue in fiscal year 2025. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $128K, a strong 35% operating margin.

Mission

The Sakonnet Preservation Association, Inc. is dedicated to preserving the rural character and natural resources of Little Compton, Rhode Island for the lasting benefit of the community. Since its inception in 1972, the Organization has protected approximately 486 acres, which it monitors stewards on a regular basis.

Program Service Accomplishments

Program 1

Expenses: $90,175 Revenue: $9,834

Land stewardship - approximately 486 acres preserved to date

Program 2

Expenses: $5,743

Provide information to the general public about the importance of land conservation.

Program 3

Expenses: $4,453

Land protection - approximately 486 acres preserved to date

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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 $1,854,520

Program Service Revenue $1,000

Investment Income $129,348

Other Revenue $-1,619,125

TOTAL REVENUE $365,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,345

Fundraising Expenses $47,112

Program Expenses $100,371

Other Expenses $90,492

TOTAL EXPENSES $237,837

Year-over-Year Comparison

	2025	2024	Change
Revenue	$365,743	$849,048	-0.6%
Expenses	$237,837	$610,442	-0.6%
Net Income	$127,906	$238,606	-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

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

$78,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joy Elvin	Executive Director	040.00	Officer	$78,616	$0	$78,616
Herb Case	Director	001.00	Director	$0	$0	$0
Warren Jagger	Director	000.50	Director	$0	$0	$0
Paul Bazzoni	Director	001.00	Director	$0	$0	$0
Nan Haffenreffer	Director	001.00	Director	$0	$0	$0
Michal Brownell	Director	000.50	Director	$0	$0	$0
Jeannie McAllister	Director	001.00	Director	$0	$0	$0
Maureen Harrington	Director	000.50	Director	$0	$0	$0
Judy Melanson	Director	001.50	Director	$0	$0	$0
Davy Cutts	Director	001.50	Director	$0	$0	$0
Geoff Manning	Director	000.50	Director	$0	$0	$0
Sheila Macintosh	Director	010.00	Director	$0	$0	$0
Bill Theriault	Treasurer	001.00	Officer Director	$0	$0	$0
Abigail Brooks	President	015.00	Officer Director	$0	$0	$0
Peter Rowley	Vice President	003.00	Officer Director	$0	$0	$0
John Cook	Secretary	001.50	Officer 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	$365,743	$237,837	$8,717,540	$127,906
2024	$849,048	$610,442	$8,610,647	$238,606
2023	$2,606,179	$2,480,085	$8,396,337	$126,094
2022	$1,175,105	$618,294	$8,155,545	$556,811
2021	$3,666,448	$2,863,280	$7,767,895	$803,168
2020	$447,239	$95,262	$6,837,150	$351,977

The Sakonnet Preservation Association Inc