Little Traverse Conservancy Inc (EIN 237267810) - 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

1972

Legal Domicile

Principal Officer

Kieran Fleming

Phone

2313470991

Tax Period

2024-01-01 to 2024-12-31

Little Traverse Conservancy Inc, founded in 1972, is a mid-sized nonprofit in the Environment sector that reported $11.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $7.0M, a strong 62% operating margin.

Mission

To protect the natural diversity and beauty of northern Michigan by preserving significant land and scenic areas, and fostering appreciation and understanding of the environment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,611,082

Program Service Revenue $393,266

Investment Income $2,274,936

Other Revenue $-53,374

TOTAL REVENUE $11,225,910

Expense Breakdown

Grants Paid $1,450,574

Salaries & Benefits $1,803,929

Fundraising Expenses $352,870

Program Expenses $3,684,672

Other Expenses $999,503

TOTAL EXPENSES $4,269,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,225,910	$12,619,489	-0.1%
Expenses	$4,269,006	$2,591,651	+0.6%
Net Income	$6,956,904	$10,027,838	-0.3%

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

200

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

$209,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kieran Fleming	Executive Dir.	40.00	Officer	$138,920	$0	$138,920
Joe Graham	CFO	40.00	Officer	$71,000	$0	$71,000
Phil Porter	Chair	2.00	Officer Director	$0	$0	$0
Sue Stewart	Vice-Chair	1.00	Officer Director	$0	$0	$0
Jon Lyons	Treasurer	2.00	Officer Director	$0	$0	$0
Karie Slavik	Secretary	1.00	Officer Director	$0	$0	$0
Josh Baker	Trustee	1.00	Director	$0	$0	$0
George Covington	Trustee	1.00	Director	$0	$0	$0
Eric Hemenway	Trustee	1.00	Director	$0	$0	$0
Tom Rowland	Trustee	1.00	Director	$0	$0	$0
Anne Melvin	Trustee	1.00	Director	$0	$0	$0
Dave Kring	Trustee	1.00	Director	$0	$0	$0
Jeffrey Ford	Trustee	1.00	Director	$0	$0	$0
Darrell Lawson	Trustee	1.00	Director	$0	$0	$0
Lisa Blanchard	Trustee	1.00	Director	$0	$0	$0
Gregg Garver	Trustee	1.00	Director	$0	$0	$0
John Griffin	Trustee	1.00	Director	$0	$0	$0
Frank Ettawageshik	Trustee	1.00	Director	$0	$0	$0
Erin Burns	Trustee	1.00	Director	$0	$0	$0
Glen Matthews	Trustee	1.00	Director	$0	$0	$0
Mary Faculak	Trustee	1.00	Director	$0	$0	$0
William Roney	Trustee	1.00	Director	$0	$0	$0
Charlie McLravy	Trustee	1.00	Director	$0	$0	$0
Richard Bolton	Trustee	1.00	Director	$0	$0	$0
John Merrill	Trustee	1.00	Director	$0	$0	$0
Emerson Meyer	Trustee	1.00	Director	$0	$0	$0
Consie Pierrepont	Trustee	1.00	Director	$0	$0	$0
Marta Olson	Trustee	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	$11,225,910	$4,269,006	$155,084,777	$6,956,904
2023	$12,619,489	$2,591,651	$147,473,963	$10,027,838
2022	$10,191,312	$2,152,118	$135,368,746	$8,039,194
2021	$9,637,882	$1,964,908	$131,058,036	$7,672,974
2020	$6,757,610	$1,892,269	$121,118,583	$4,865,341
2019	$7,009,522	$1,662,238	$113,551,629	$5,347,284
2018	$4,583,188	$1,755,859	$106,679,025	$2,827,329

Little Traverse Conservancy Inc