OPENLANDS

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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.OPENLANDS' VISION FOR THE REGION IS A LANDSCAPE THAT INCLUDES A VAST NETWORK OF LAND AND WATER TRAILS, TREE-LINED STREETS, AND INTIMATE PUBLIC GARDENS WITHIN EASY REACH OF EVERY CITY DWELLER. IT ALSO INCLUDES PARKS AND PRESERVES BIG ENOUGH TO PROVIDE NATURAL HABITAT AND TO GIVE VISITORS A SENSE OF THE VAST PRAIRIES, WOODLANDS, AND WETLANDS THAT WERE HERE BEFORE THE CITIES. IN SUM, OPENLANDS BELIEVES THAT PROTECTED OPEN SPACE IS CRITICAL FOR THE QUALITY OF LIFE OF OUR REGION.

Program Service Accomplishments

Program 1

Expenses: $3,774,969 Revenue: $30,250

LAND PRESERVATION - AS CHICAGO'S REGIONAL LAND TRUST, OPENLANDS CONNECTS AND ENERGIZES THE REGION THROUGH STRATEGIC COLLABORATION AND LOCAL PARTNERSHIPS THAT PROTECT LAND, WATER, AND WILDLIFE. IN...

LAND PRESERVATION - AS CHICAGO'S REGIONAL LAND TRUST, OPENLANDS CONNECTS AND ENERGIZES THE REGION THROUGH STRATEGIC COLLABORATION AND LOCAL PARTNERSHIPS THAT PROTECT LAND, WATER, AND WILDLIFE. IN 2024, OPENLANDS TRANSFERRED SIGNIFICANT LAND HOLDINGS TO REGIONAL PARTNERS IN MCHENRY COUNTY FOR THE PUBLIC TO ACCESS AND ENJOY FOR GENERATIONS.IN 2024, OPENLANDS TRANSFERRED THE FOLLOWING: 137 ACRES TO THE U.S. FISH AND WILDLIFE SERVICE TO BE A PART OF HACKMATACK; PURCHASED 320 ACRES FOR THE PURPOSE OF FUTURE CONSERVATION.

Program 2

Expenses: $1,975,315 Revenue: $138,372

COMMUNITY ENGAGEMENT-EDUCATION - OPENLANDS EDUCATIONAL PROGRAMS CREATED OPPORTUNITIES FOR THOUSANDS OF AREA STUDENTS AND TEACHERS IN 117 CLASSROMS TO DEEPEN THEIR CONNECTION TO THE NATURAL WORLD IN THEIR NEIGHBORHOODS AND ACROSS LANDSCAPES. WE FACILITATED IN-CLASS VISITS, WORKSHOPS AND FIELD TRIPS THROUGH OUR BIRDS IN MY NEIGHBORHOOD, GARDEN AND NATURE EDUCATION AND SPACE TO GROW PROGRAMS.FORESTRY - OPENLANDS FORESTRY PROGRAMMING SUPPORTS THE PLANTING OF TREES WITH COMMUNITY RESIDENTS ON PUBLIC LAND AND EDUCATES RESIDENTS IN THE CARE AND ADVOCACY AROUND THE URBAN FOREST. IN FY 24, OPENLANDS PLANTED 1,078 TREES.THROUGH THE OPENLANDS TREEKEEPER CERTIFICATION COURSE, COMMUNITY RESIDENTS GAIN THE KNOWLEDGE AND SKILLS NEEDED TO CARE FOR, PROTECT, AND ADVOCATE FOR TREES.IN FY24 TRAINED 155 INDIVIDUALS. TREEKEEPERS PARTICIPATED IN 200 VOLUNTEER EVENTS, RESULTING IN 5,000 TREES PRUNED AND 3,598 TREES INVENTORIED.

Program 3

Expenses: $601,024 Revenue: $0

RESTORATION - OPENLANDS WORKS TO RETURN THE CHICAGO REGION TO A HEALTHY STATE FOR NATURE, WILDLIFE, AND PEOPLE. IN 2024, WE WORKED TO RETURN AN OLD AGRICULTURAL FIELD TO NATIVE PLANT SPECIES AT OUR 172 ACRE OTREBLA PROPERTY AND BEGAN TO REMOVE INVASIVE BRUSH AND TREES OVER A 1,500 ACRE AREA OF THE GRANT CREEK WATERSHED AT MIDEWIN NATIONAL TALLGRASS PRAIRIE.

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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
2025	No data	No data	No data	No data
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