MERWIN CONSERVANCY INC

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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

2016

Legal Domicile

Principal Officer

Sonnet K Coggins

Phone

8085798876

Tax Period

2023-01-01 to 2023-12-31

MERWIN CONSERVANCY INC, founded in 2016, is a small nonprofit in the Environment sector that reported $665K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 24% operating margin.

Mission

Rooted in the convictions of renowned American poet W.S. Merwin, The Merwin Conservancy imagines ways of engaging with place, poetry, and practice. We care for the thriving, internationally recognized palm garden on Maui that William Merwin and his wife Paula planted on land depleted by extractive agricultural practices; offer a residency program in the Merwins' home to writers and artists who make new possibilities for language and land; and foster attention to nature and the imagination through programming and storytelling.

Program Service Accomplishments

Program 1

Expenses: $154,999 Revenue: $0

TENDING THE MERWIN PALM TREE COLLECTION: Since assuming stewardship of the Merwin Palm Tree Collection in 2020, TMC has employed contract gardeners to care for, protect, catalog, and report on a...

TENDING THE MERWIN PALM TREE COLLECTION: Since assuming stewardship of the Merwin Palm Tree Collection in 2020, TMC has employed contract gardeners to care for, protect, catalog, and report on a diverse collection of palms. The collection is widely considered to be one of the largest and most diverse private palm collections. It is a core tenet of our organization's mission to ensure the ecological integrity of this collection, and to safeguard the health of species within it. In 2023, we made several important improvements to the garden care infrastructure and process. Biologist and palm expert Dr. Bill Baker helped to identify several palm species in the garden and planted a native loulu (Pritchardia) palm during his residency, a tradition we invite all the artists, writers, and scientists in our residency program to take part in. As we considered how we might contribute to recovery efforts in Lahaina after the Maui fires, we began planning an effort to cultivate native West Maui palm species for replanting-inspired by W.S. Merwin's "Outline of a Project to Save the Hawaiian Pritchardias."

Program 2

Expenses: $85,618 Revenue: $0

ARTS AND ECOLOGY PROGRAMMING. This year, through our long standing public program series The Green Room, we presented the work of biologists and authors during in-person gatherings on Maui and Oahu. We also offered virtual broadcasts of our Green Room events with our growing global community, and presented a virtual screening of a documentary about W.S. Merwin's life. Throughout the year, we opened the garden in intimate, mindful ways to guests during our Open Garden Days.

Program 3

Expenses: $39,014 Revenue: $0

RESIDENCY PROGRAM: Our residency program, launched in late 2021, offers the Merwins' home and garden as a sanctuary for writers, artists, and scientists who make new possibilities for language and...

RESIDENCY PROGRAM: Our residency program, launched in late 2021, offers the Merwins' home and garden as a sanctuary for writers, artists, and scientists who make new possibilities for language and land across disciplines. Our residents are selected by a committee of nominators working across and between fields. In partnership with the first five residents invited during the first phase of the residency, we refined the residency experience and evolved the house to serve as a site for imagination and practice. In 2023, we welcomed yet another resident, biologist and palm expert Dr. Bill Baker, who helped us identify and catalog several new palm species in the garden, and began planning to host four residents in 2024.

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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 $590,162

Program Service Revenue $710

Investment Income $74,341

Other Revenue $0

TOTAL REVENUE $665,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,713

Fundraising Expenses $72,872

Program Expenses $338,110

Other Expenses $234,674

TOTAL EXPENSES $508,387

Year-over-Year Comparison

	2023	2022	Change
Revenue	$665,213	$378,801	+0.8%
Expenses	$508,387	$619,473	-0.2%
Net Income	$156,826	$-240,672	-1.7%

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

$136,373

Total Directors

Key Employees