Friends of Katahdin Woods & Waters (EIN 815102906) - 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

2017

Legal Domicile

Principal Officer

Logan Edwards

Phone

2078080020

Tax Period

2024-01-01 to 2024-12-31

Friends of Katahdin Woods & Waters, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $3.7M exceeded revenue, resulting in a 32% operating deficit.

Mission

The mission of Friends of Katahdin Woods and Waters is to preserve and protect the outstanding natural beauty, ecological vitality and distrinctive cultural resources of Katahdin Woods and Waters National Monument and surrounding communities for the inspiration and enjoyment of all generations.

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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 $2,731,671

Program Service Revenue $0

Investment Income $1,471

Other Revenue $52,336

TOTAL REVENUE $2,785,478

Expense Breakdown

Grants Paid $995,865

Salaries & Benefits $604,350

Fundraising Expenses $310,793

Program Expenses $3,010,292

Other Expenses $2,079,203

TOTAL EXPENSES $3,679,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,785,478	$1,938,983	+0.4%
Expenses	$3,679,418	$3,753,331	0.0%
Net Income	$-893,940	$-1,814,348	-0.5%

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

$180,866

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Molly Ross	President	2.00	Officer Director	$0	$0	$0
Steve Richardson	Vice President	2.00	Officer Director	$0	$0	$0
Don Hudson PhD	Treasurer	2.00	Officer Director	$0	$0	$0
Gail Fanjoy	Secretary	2.00	Officer Director	$0	$0	$0
Eliza Donoghue	Director	2.00	Director	$0	$0	$0
Logan Edwards	Director	2.00	Director	$0	$0	$0
James E Francis	Director	2.00	Director	$0	$0	$0
Lisa Horsch Clark	Director	2.00	Director	$0	$0	$0
Cathy Johnson	Director	2.00	Director	$0	$0	$0
Matt Polstein	Director	2.00	Director	$0	$0	$0
Gavin Robinson	Director	2.00	Director	$0	$0	$0
Jeremy Sheaffer	Director	2.00	Director	$0	$0	$0
Lucas St Clair	Director	2.00	Director	$0	$0	$0
Sheryl Tishman	Director	2.00	Director	$0	$0	$0
Brian Threlkeld	Director	2.00	Director	$0	$0	$0
Dan Wenk	Director	2.00	Director	$0	$0	$0
Brian Hinrichs	Executive Director	40.00	Officer	$92,497	$2,541	$95,038
Meghan Cooper	Development Director	40.00	Officer	$83,359	$2,469	$85,828

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	$2,785,478	$3,679,418	$1,558,851	$-893,940
2023	$1,938,983	$3,753,331	$2,822,618	$-1,814,348
2022	$6,417,342	$4,415,660	$4,470,077	$2,001,682
2022	$6,417,342	$4,415,660	$4,470,077	$2,001,682
2021	$4,395,380	$3,369,146	$3,235,909	$1,026,234
2020	$3,407,166	$2,979,748	$1,236,670	$427,418
2019	$654,546	$472,922	$543,722	$181,624
2018	$474,116	$311,899	$346,844	$162,217

Friends of Katahdin Woods & Waters