INDIAN RIVER LAND TRUST INC (EIN 650059649) - 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

Formation Year

1988

Legal Domicile

Principal Officer

KENNETH GRUDENS

Phone

7727940701

Tax Period

2024-07-01 to 2025-06-30

INDIAN RIVER LAND TRUST INC, founded in 1988, is a community nonprofit in the Environment sector that reported $3.2M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.7M, a strong 54% operating margin.

Mission

TO PROTECT, IMPROVE, PROVIDE ACCESS TO, AND PROMOTE THE PRESERVATION OF WATERWAYS, OPEN SPACES, AND GREEN PLACES IN INDIAN RIVER COUNTY FOR THE BENEFIT OF ALL TODAY AND TOMORROW.

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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 $2,375,946

Program Service Revenue $0

Investment Income $493,206

Other Revenue $313,688

TOTAL REVENUE $3,182,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $837,179

Fundraising Expenses $224,134

Program Expenses $1,038,712

Other Expenses $642,024

TOTAL EXPENSES $1,479,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,182,840	$6,072,235	-0.5%
Expenses	$1,479,203	$1,309,693	+0.1%
Net Income	$1,703,637	$4,762,542	-0.6%

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

$213,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEG STEINER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT ALEXANDER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES CRAMB	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID A SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER RYAN	DIRECTOR	1.00	Director	$0	$0	$0
JANET ALFORD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DICKENSON	DIRECTOR	1.00	Director	$0	$0	$0
PETER BENEDICT II	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE BRICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
NED DAYTON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MOULTON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH GILLICK	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH HUBER	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM MACCOLL	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
KATE MOOR	DIRECTOR	1.00	Director	$0	$0	$0
PETER MOOR	DIRECTOR	1.00	Director	$0	$0	$0
LEE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
GREG CASALINO	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH GRUDENS	EXECUTIVE DIRECTOR	45.00	Officer	$175,000	$38,748	$213,748

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	$3,182,840	$1,479,203	$38,219,694	$1,703,637
2024	$6,072,235	$1,309,693	$36,050,368	$4,762,542
2023	$3,522,486	$1,101,640	$31,187,395	$2,420,846
2022	$3,293,113	$997,965	$28,649,785	$2,295,148
2021	$4,729,132	$928,576	$26,930,582	$3,800,556
2020	$2,595,481	$1,065,434	$22,783,995	$1,530,047
2019	$6,490,266	$942,574	$21,242,303	$5,547,692
2018	$1,997,141	$795,619	$15,665,190	$1,201,522

INDIAN RIVER LAND TRUST INC