OPENLANDS (EIN 362649603) - 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

1963

Legal Domicile

Principal Officer

MICHAEL DAVIDSON

Phone

3128636250

Tax Period

2023-10-01 to 2024-09-30

OPENLANDS, founded in 1963, is a mid-sized nonprofit that reported $10.3M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $9.2M left a modest 11% surplus.

Mission

OPENLANDS PROTECTS THE NATURAL AND OPEN SPACES OF NORTHEASTERN ILLINOIS AND THE SURROUNDING REGION TO ENSURE CLEANER AIR AND WATER, PROTECT NATURAL HABITATS AND WILDLIFE, AND HELP BALANCE AND ENRICH OUR LIVES.

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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 $9,360,666

Program Service Revenue $144,221

Investment Income $940,635

Other Revenue $-126,053

TOTAL REVENUE $10,319,469

Expense Breakdown

Grants Paid $283,913

Salaries & Benefits $3,872,034

Fundraising Expenses $617,589

Program Expenses $7,648,074

Other Expenses $5,041,065

TOTAL EXPENSES $9,197,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,319,469	$8,069,742	+0.3%
Expenses	$9,197,012	$10,894,567	-0.2%
Net Income	$1,122,457	$-2,824,825	-1.4%

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

4225

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

$386,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANN SEAGREN	CHAIR	5.00	Officer Director	$0	$0	$0
GLENN REED	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
JAMES RACHLIN	TREASURER	5.00	Officer Director	$0	$0	$0
ALAN BELL	SECRETARY	5.00	Officer Director	$0	$0	$0
JILL ALLREAD	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN COPULSKY	DIRECTOR	1.00	Director	$0	$0	$0
GARRETT DEE	DIRECTOR	1.00	Director	$0	$0	$0
MATT DOBRY	DIRECTOR	1.00	Director	$0	$0	$0
DAISY FEIDT	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE MCNALLY	DIRECTOR	1.00	Director	$0	$0	$0
LYNN BUHL	DIRECTOR	1.00	Director	$0	$0	$0
BILL CLARKIN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK HANLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARTINA KELLER	DIRECTOR	1.00	Director	$0	$0	$0
KERL LAJEUNE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LAUDERBACK	DIRECTOR	1.00	Director	$0	$0	$0
RAED MANSOUR	DIRECTOR	1.00	Director	$0	$0	$0
SACHIN MASTER	DIRECTOR	1.00	Director	$0	$0	$0
ALEXA RICE	DIRECTOR	1.00	Director	$0	$0	$0
CAREY ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA ROSENKRANZ	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH RUSSO	DIRECTOR	1.00	Director	$0	$0	$0
ANNE TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS VOIGT	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WU	DIRECTOR	1.00	Director	$0	$0	$0
GERALD ADLEMANN THRU 111323	EXECUTIVE DIRECTOR	35.00	Officer	$220,139	$18,648	$238,787
DANIELLA PEREIRA	COO	35.00	Officer	$130,801	$17,065	$147,866
EMILY REUSSWIG	VP OF CONSERVATION AND POLICY	35.00	Highest	$129,890	$14,228	$144,118

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	$10,319,469	$9,197,012	$38,497,137	$1,122,457
2023	$8,069,742	$10,894,567	$35,209,048	$-2,824,825
2022	$8,469,184	$6,324,598	$37,358,789	$2,144,586
2021	$9,254,791	$6,221,189	$37,602,836	$3,033,602
2020	$7,148,714	$6,210,968	$33,720,529	$937,746
2019	$12,415,232	$6,333,681	$29,960,693	$6,081,551
2018	$9,674,004	$5,293,252	$24,096,785	$4,380,752

OPENLANDS