Calvert Farmland Trust 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

1994

Legal Domicile

Principal Officer

V Wilson Freeland

Phone

4105350977

Tax Period

2023-01-01 to 2023-12-31

Calvert Farmland Trust Inc, founded in 1994, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $38K in total revenue in fiscal year 2023. Revenue surged 499% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 87% operating margin.

Mission

The entity's mission is the "Protection of Farmland, in Perpetuity, for Agricultural Purposes". The method used to accomplish this mission includes the purchase and recording of restrictive covenants which permanently limit the use of the subject land to agricultural purposes. To assure compliance with recorded conservation covenants, this organization completes periodic easement monitoring surveys by means of onsite inspection or alternative remote/digital inspection means.

Program Service Accomplishments

Program 1

Expenses: $483

Protection and evaluation of agricultural land for permanent preservation in agricultural use. Contact with general public, land owners, and state and local government offering advisement and/or...

Protection and evaluation of agricultural land for permanent preservation in agricultural use. Contact with general public, land owners, and state and local government offering advisement and/or facilitation services for preservation of farm land. Continuation of farm preservation projects and retention or sale of Calvert County MD's "Transfer Development Rights".

Program 2

Expenses: $1,864

Publish an annual news letter, and as needed, periodically distribute outreach letters, participate in local government working committees, and community events, to educate land owners and the...

Publish an annual news letter, and as needed, periodically distribute outreach letters, participate in local government working committees, and community events, to educate land owners and the general public of land preservation benefits, and to promote opportunities for preservation of agricultural land within Calvert County, MD.

Program 3

Expenses: $483 Revenue: $698

To assure compliance with restrictive covenants, complete easement monitoring surveys for several farms, including documentation of conservation compliance in accordance with specific requirements...

To assure compliance with restrictive covenants, complete easement monitoring surveys for several farms, including documentation of conservation compliance in accordance with specific requirements placed on preserved properties. Provide easement monitoring for select properties under the State of MD - Rural Legacy Program. Ongoing easement record keeping and property monitoring, as required, for a total of 22 properties.

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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 $2,279

Program Service Revenue $0

Investment Income $35,643

Other Revenue $0

TOTAL REVENUE $37,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,088

Program Expenses $2,830

Other Expenses $5,006

TOTAL EXPENSES $5,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,922	$6,331	+5.0%
Expenses	$5,006	$4,959	+0.0%
Net Income	$32,916	$1,372	+23.0%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
V Wilson Freeland	President	2.00	Officer Director	$0	$0	$0
David Bourdon	Vice President	2.00	Officer Director	$0	$0	$0
Peter G Baker	Treasurer	2.00	Officer Director	$0	$0	$0
Bryan K Dowell	Director	1.00	Director	$0	$0	$0
John C Prouty Esq	Director	1.00	Director	$0	$0	$0
Susie Hance Wells	Director	0.00	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	No data	No data	No data	No data
2023	$37,922	$5,006	$1,108,538	$32,916
2022	$6,331	$4,959	$1,075,622	$1,372
2021	$1,721	$5,348	$1,074,249	$-3,627
2020	$4,383	$5,185	$1,077,877	$-802
2019	$22,333	$6,844	$1,078,679	$15,489
2018	$2,598	$5,808	$1,063,190	$-3,210