THE WORKING LANDS TRUST INC (EIN 462913344) - 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

Principal Officer

MICHAEL FULK

Phone

3364602562

Tax Period

2024-01-01 to 2024-12-31

THE WORKING LANDS TRUST INC is a community nonprofit in the Environment sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $638K, a strong 44% operating margin.

Mission

TO SUSTAIN NORTH CAROLINA'S FOOD AND FIBER SUPPLY - FROM THE APPALACHIANS TO THE OUTER BANKS - THROUGH THE CONSERVATION OF OUR WORKING FARMS AND FORESTS

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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 $1,451,557

Program Service Revenue $0

Investment Income $11,448

Other Revenue $0

TOTAL REVENUE $1,463,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,047

Fundraising Expenses $1,206

Program Expenses $712,195

Other Expenses $507,256

TOTAL EXPENSES $825,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,463,005	$4,206,112	-0.7%
Expenses	$825,303	$4,166,697	-0.8%
Net Income	$637,702	$39,415	+15.2%

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

$94,201

Total Directors

$94,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FULK	EXECUTIVE DI	40.00	Officer Director	$94,201	$0	$94,201
PHILLIP FARLAND	DIRECTOR	0.92	Director	$0	$0	$0
DEWITT HARDEE	DIRECTOR	0.00	Director	$0	$0	$0
EDWARD HUNT	DIRECTOR	0.92	Director	$0	$0	$0
JACK JORDAN	DIRECTOR	0.92	Director	$0	$0	$0
JASMINE LOCKLEAR	DIRECTOR	2.31	Director	$0	$0	$0
JESSICA LONG	DIRECTOR	0.00	Director	$0	$0	$0
CHESTER LOWDER	VICE CHAIR	0.92	Officer Director	$0	$0	$0
MARK MEGALOS	BOARD CHAIR	2.31	Officer Director	$0	$0	$0
JAMES NARRON	DIRECTOR	0.92	Director	$0	$0	$0
ALLEN PLASTER	TREASURER	1.15	Officer Director	$0	$0	$0
MIKKI SAGER	SECRETARY	2.31	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
2024	$1,463,005	$825,303	$1,528,653	$637,702
2023	$4,206,112	$4,166,697	$788,415	$39,415
2022	$7,273,261	$7,051,433	$631,961	$221,828
2022	$7,234,620	$181,274	$29,563,536	$7,053,346
2021	$12,071,093	$292,994	$22,486,316	$11,778,099
2020	$2,742,953	$206,893	$10,713,679	$2,536,060
2019	$2,963,639	$204,809	$8,199,154	$2,758,830
2018	$3,836,224	$39,097	$5,397,972	$3,797,127

THE WORKING LANDS TRUST INC