Mainspring Conservation Trust Inc

EIN: 562142199 501(c)(3) Environment

Franklin, NC

Total Revenue
$6,684,058
Total Expenses
$5,810,072
Total Assets
$19,870,845
Net Assets
$17,931,008
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
David Adams
Phone
8285242711
Tax Period
2024-01-01 to 2024-12-31

Mainspring Conservation Trust Inc, founded in 1999, is a community nonprofit in the Environment sector that reported $6.7M in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. Expenses of $5.8M left a modest 13% surplus.

Mission

To conserve unique and special places in the heart of the Southern Blue Ridge for the benefit of all.

Program Service Accomplishments

Program 1
Expenses: $5,508,146 Revenue: $310,718

LAND In 2024, Mainspring completed sixteen land transactions, protecting 1528 acres in Western North Carolina. - Two fee simple donations of property received & three fee simple land acquisitions -...

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LAND In 2024, Mainspring completed sixteen land transactions, protecting 1528 acres in Western North Carolina. - Two fee simple donations of property received & three fee simple land acquisitions - Three sales of conserved land, one to the USFS and two to the NC Wildlife Resources Commission - Four CEs donations received & two CEs purchased with grant and private funding - Two CEs sold to the NC Land and Water Fund By the end of 2024, Mainspring was responsible for monitoring 105 conservation easements totaling 16,184 acres. It owned 32 properties in fee simple, or 3,468 acres; 1,946 acres on 14 Mainspring properties were also under conservation easement. Volunteers contributed more than 725 hours to help improve the landscape through habitat management and recreational improvements.

Program 2

WATER As part of Mainsprings restoration program, Mainspring finished construction on a large wetland-complex project and conducted a feasibility study on six sites for potential restoration...

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WATER As part of Mainsprings restoration program, Mainspring finished construction on a large wetland-complex project and conducted a feasibility study on six sites for potential restoration. Mainspring also held about 60 events around water, targeted at either youth education, citizen science, or community engagement.

Program 3

CULTURAL HERITAGE Mainspring continued its efforts to conserve significant cultural heritage areas and to facilitate enhanced management and non-invasive research to better understand these...

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CULTURAL HERITAGE Mainspring continued its efforts to conserve significant cultural heritage areas and to facilitate enhanced management and non-invasive research to better understand these resources. Through partnership with the Eastern Band of Cherokee Indians, Western Carolina University, the Cherokee Preservation Foundation, the NC Trail of Tears Association, and others, work continues to identify culturally significant unprotected sites and ensure they are conserved.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,638,268
Program Service Revenue $310,718
Investment Income $-283,026
Other Revenue $18,098
TOTAL REVENUE $6,684,058

Expense Breakdown

Grants Paid $0
Salaries & Benefits $890,431
Fundraising Expenses $63,429
Program Expenses $5,508,146
Other Expenses $4,919,641
TOTAL EXPENSES $5,810,072

Year-over-Year Comparison

2024 2023 Change
Revenue $6,684,058 $3,310,560 +1.0%
Expenses $5,810,072 $2,346,311 +1.5%
Net Income $873,986 $964,249 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
19
Volunteers
185

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
5
$109,317
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jordan Smith Executive Director 40.00
Officer
$96,302 $13,015 $109,317
David Adams Chair 3.00
Officer Director
$0 $0 $0
James Stork Vice Chair 2.00
Officer Director
$0 $0 $0
Hope Huskey Secretary 2.00
Officer Director
$0 $0 $0
Jim Garner Treasurer 3.00
Officer Director
$0 $0 $0
Jason P Love Former Chair 2.00
Director
$0 $0 $0
Chris Brouwer Board Member 2.00
Director
$0 $0 $0
Amanda Clapp Board Member 2.00
Director
$0 $0 $0
Barry Clinton Board Member 2.00
Director
$0 $0 $0
Fred Crawford Board Member 2.00
Director
$0 $0 $0
Anita Finger-Smith Board Member 2.00
Director
$0 $0 $0
Connie Haire Board Member 2.00
Director
$0 $0 $0
Bill Gibson Board Member 2.00
Director
$0 $0 $0
Ed Haight Board Member 2.00
Director
$0 $0 $0
Terrie Kelly Board Member 2.00
Director
$0 $0 $0
Lisa Leatherman Board Member 2.00
Director
$0 $0 $0
Ben Steere Board Member 2.00
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 $6,684,058 $5,810,072 $19,870,845 $873,986
2023 $3,310,560 $2,346,311 $18,367,629 $964,249
2022 $5,191,913 $4,026,877 $16,322,410 $1,165,036
2021 $8,106,773 $4,770,872 $16,628,331 $3,335,901
2020 $2,587,691 $3,239,476 $12,371,007 $-651,785
2019 $5,246,809 $2,633,901 $14,056,431 $2,612,908
2018 $2,020,726 $1,722,507 $11,171,248 $298,219
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