HUDSON HIGHLANDS FJORD TRAIL INC

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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

2020

Legal Domicile

Principal Officer

Peter Mullan

Phone

8454734440

Tax Period

2024-07-01 to 2025-06-30

HUDSON HIGHLANDS FJORD TRAIL INC, founded in 2020, is a mid-sized nonprofit in the Environment sector that reported $60.1M in total revenue in fiscal year 2024. Revenue surged 3386% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52.1M, a strong 87% operating margin.

Mission

To create and steward a 7.5-mile linear park along the Hudson River that solves existing safety concerns around visitation, provides welcoming access to people of all abilities, restores and protects natural resources, and enhances quality of life for local communities.

Program Service Accomplishments

Program 1

Expenses: $6,788,751

To develop and operate an accessible linear public park, in coordination with the State of New York, located between Cold Spring, New York and Beacon, New York, currently known as the Fjord Trail.

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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 $58,704,633

Program Service Revenue $0

Investment Income $1,133,905

Other Revenue $215,928

TOTAL REVENUE $60,054,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,643,258

Fundraising Expenses $339,189

Program Expenses $6,788,751

Other Expenses $6,294,366

TOTAL EXPENSES $7,937,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,054,466	$1,722,860	+33.9%
Expenses	$7,937,624	$9,151,757	-0.1%
Net Income	$52,116,842	$-7,428,897	-8.0%

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

$427,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Chmar	Director, Treasurer	2.00	Officer Director	$0	$0	$0
Christopher Davis	Chair	2.00	Officer Director	$0	$0	$0
Daniel J Kramer	Director	1.00	Director	$0	$0	$0
Douglas S Land	Director	1.00	Director	$0	$0	$0
Frederic C Rich	Director	1.00	Director	$0	$0	$0
Ned Sullivan	Director	1.00	Director	$0	$0	$0
Richard Shea	Director	2.00	Director	$0	$0	$0
Usha Wright	Director (outgoing)	2.00	Director	$0	$0	$0
Amy Kacala	Executive Director	50.00	Officer	$200,096	$28,821	$228,917
Peter Mullan	President & CEO (Incoming)	50.00	Officer	$85,820	$51	$85,871
Robert Rusnack Jr	Director of Finance & Operations	40.00	Officer	$108,706	$3,791	$112,497
Mary Jayne Martin	Deputy Executive Director	40.00	Highest	$152,902	$9,391	$162,293
Edward O Sullivan	Dir., President, Secr. (Former)	5.00		$0	$91,427	$635,834
Jason Camporese	Chief Fin. & Opts. Officer (Former)	5.00		$0	$64,364	$402,020

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	$60,054,466	$7,937,624	$90,659,507	$52,116,842
2024	$1,722,860	$9,151,757	$37,456,187	$-7,428,897
2023	$1,268,030	$8,748,906	$45,892,694	$-7,480,876
2022	$44,608,311	$3,613,126	$51,752,630	$40,995,185
2021	$9,020,758	$3,947,863	$10,928,051	$5,072,895