MEMPHREMAGOG WATERSHED ASSOC INC

EIN: 770692704 501(c)(3) Environment

NEWPORT, VT

Total Revenue
$815,872
Total Expenses
$778,924
Total Assets
$133,560
Net Assets
$95,340
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
VT
Principal Officer
JENNIFER HOPKINS
Phone
8024870160
Tax Period
2023-01-01 to 2023-12-31

MEMPHREMAGOG WATERSHED ASSOC INC, founded in 2009, is a small nonprofit in the Environment sector that reported $816K in total revenue in fiscal year 2023. Revenue surged 291% from the prior year, signaling strong growth momentum. Expenses of $779K left a modest 5% surplus.

Mission

TO PROMOTE PARTICIPATION IN THE CONSERVATION AND IMPROVEMENT OF THE MEMPHREMAGOG WATERSHED, TO MONITOR AND PROTECT QUALITY AND WILDLIFE HABITAT, AND TO PRESERVE THE SCENIC, HISTORIC AND ECOLOGICAL INTEGRITY OF THE WATERSHED.

Program Service Accomplishments

Program 1
Expenses: $78,149 Revenue: $79,913

AQUATIC NUISANCE CONTROL GRANT (ANC) - REGIONAL PARTNER - COORDINATE AND OVERSEEE FOR THE STATE GRANT PROGRAM THAT IS DESIGNED TO CONTROL AND REDUCE THE SPREAD OF AQUATIC INVASIVE SPECIES. BENEFITS...

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AQUATIC NUISANCE CONTROL GRANT (ANC) - REGIONAL PARTNER - COORDINATE AND OVERSEEE FOR THE STATE GRANT PROGRAM THAT IS DESIGNED TO CONTROL AND REDUCE THE SPREAD OF AQUATIC INVASIVE SPECIES. BENEFITS ALL LAKESHORE RESIDENTS AND USERS OF THE AREA WATERS - ESTIMATED TO BE 300,000 PEOPLE.

Program 2

VERMONT FISH & WILDLIFE/GREAT LAKES FISHERIES COMMISSION - RIPARIAN LANDS GRANT/CLYDE RIVER WATERSHED: MAP, ASSESS AND PRIORITIZE RIPARIAN LANDS FOR LAND OWNER LEAD CONSERVATION AND RESTORATION OF...

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VERMONT FISH & WILDLIFE/GREAT LAKES FISHERIES COMMISSION - RIPARIAN LANDS GRANT/CLYDE RIVER WATERSHED: MAP, ASSESS AND PRIORITIZE RIPARIAN LANDS FOR LAND OWNER LEAD CONSERVATION AND RESTORATION OF BUFFER ZONE. DIRECT LANDOWNER BENEFIT APPROXIMATELY 725, INDIRECT BENEFIT OF ALL LAKE USERS ESTIMATED AT 170,000

Program 3

WATERSHED UNITED VERMONT (1) ANNUAL OPERATIONAL SUPPORT GRANT: ASSIST VERMONT DEPARTMENT OF ENVIRONMENTAL CONSERVATION STAFF WITH THE UPDATING AND IMPLEMENTING THE MEMPHREMAGOG TACTICAL BASIN PLAN...

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WATERSHED UNITED VERMONT (1) ANNUAL OPERATIONAL SUPPORT GRANT: ASSIST VERMONT DEPARTMENT OF ENVIRONMENTAL CONSERVATION STAFF WITH THE UPDATING AND IMPLEMENTING THE MEMPHREMAGOG TACTICAL BASIN PLAN; (2) MISCELLANEOUS MUNICIPAL STORMWATER IMPROVEMENT GRANTS: IMPLEMENTING STORMWATER PROJECTS IN COMMUNITIES. BENEFIT ALL WATERSHED RESIDENTS AND USERS - 300,000.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,940
Program Service Revenue $796,909
Investment Income $1,023
Other Revenue $0
TOTAL REVENUE $815,872

Expense Breakdown

Grants Paid $76,053
Salaries & Benefits $133,927
Fundraising Expenses $0
Program Expenses $768,881
Other Expenses $568,944
TOTAL EXPENSES $778,924

Year-over-Year Comparison

2023 2022 Change
Revenue $815,872 $208,755 +2.9%
Expenses $778,924 $192,195 +3.1%
Net Income $36,948 $16,560 +1.2%
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
9
Independent Members
9
Employees
2
Volunteers
10

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FARLEY BROWN DIRECTOR 1.00
Director
$0 $0 $0
STAN CHOP DIRECTOR 1.00
Director
$0 $0 $0
DAVID CONVERSE EX OFFICIO 1.00
Director
$0 $0 $0
MICHAEL CROTEAUX DIRECTOR 1.00
Director
$0 $0 $0
KAREN HRUBY DIRECTOR 1.00
Director
$0 $0 $0
BETH TORPEY DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA GOULDING SECRETARY 3.00
Officer
$0 $0 $0
JENNIFER HOPKINS TREASURER 4.00
Officer
$0 $0 $0
THOMAS LATTA PRESIDENT 3.00
Officer
$0 $0 $0
MARIANNE MACKENZIE VICE PRESIDE 3.00
Officer
$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 $815,872 $778,924 $133,560 $36,948
2022 $208,755 $192,195 $77,234 $16,560
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