FRESHWATER LAND TRUST (EIN 721387424) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

RUSHA C SMITH

Phone

2054172777

Tax Period

2024-01-01 to 2024-12-31

FRESHWATER LAND TRUST, founded in 1996, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2018. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $983K left a modest 7% surplus.

Mission

FRESHWATER LAND TRUST WORKS TO CONSERVE AND CARE FOR ENVIRONMENTALLY SIGNIFICANT LAND THROUGHOUT CENTRAL ALABAMA AND TO CONNECT THE RED ROCK TRAIL SYSTEM THROUGHOUT JEFFERSON COUNTY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,133,863

Program Service Revenue $233,606

Investment Income $162,218

Other Revenue $149,153

TOTAL REVENUE $4,678,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $871,715

Fundraising Expenses $305,555

Program Expenses $873,808

Other Expenses $696,084

TOTAL EXPENSES $1,567,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,678,840	$2,293,081	+1.0%
Expenses	$1,567,799	$1,642,072	0.0%
Net Income	$3,111,041	$651,009	+3.8%

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

400

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

$183,769

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW NIX	DIRECTOR	1.00	Director	$0	$0	$0
BARRIE STOKES	DIRECTOR	1.00	Director	$0	$0	$0
DR KEN MARION	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH LIBET ANDERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HAMPTON MCFADDEN JR	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE JACKSON	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
JIM PROCTOR	CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
JOEL MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
JOSH BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PRICE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BENSE	DIRECTOR	1.00	Director	$0	$0	$0
NELSON BEAN	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY JORDAN	TREASURER	1.00	Officer Director	$0	$0	$0
REGGIE TORBOR	DIRECTOR	1.00	Director	$0	$0	$0
RUSHA SMITH	EXECUTIVE DIRECTOR	40.00	Director	$183,769	$0	$183,769
SID TRANT	CHAIR	1.00	Officer Director	$0	$0	$0
TERRI SHARPLEY REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
TOM CARRUTHERS III	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH OAKS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW KOHLER	DIRECTOR	1.00	Director	$0	$0	$0
STACEY TURNER	DIRECTOR	1.00	Director	$0	$0	$0
DR MARK WILSON	DIRECTOR	1.00	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	$4,678,840	$1,567,799	$46,746,277	$3,111,041
2023	$2,293,081	$1,642,072	$43,071,835	$651,009
2022	$2,227,521	$2,754,407	$42,383,085	$-526,886
2021	$3,412,437	$2,190,558	$42,766,765	$1,221,879
2020	$1,595,842	$993,520	$41,482,022	$602,322
2019	$954,767	$767,418	$40,851,231	$187,349
2018	$1,054,358	$982,528	$40,736,461	$71,830

FRESHWATER LAND TRUST