Vinalhaven Land Trust Inc
Vinalhaven Land Trust Inc shows consistent asset growth and zero officer compensation, indicating strong financial health and mission focus.
EIN: 10416936 · Vinalhaven, ME · NTEE: C340 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $755K |
| Total Expenses | $348K |
| Program Spending | 90% |
| Net Assets | $9.1M |
| Transparency Score | 92/100 |
Is Vinalhaven Land Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vinalhaven Land Trust Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vinalhaven Land Trust Inc
Vinalhaven Land Trust Inc (EIN: 10416936) is a nonprofit organization based in Vinalhaven, ME, classified under NTEE code C340. The organization reported total revenue of $755K and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vinalhaven Land Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vinalhaven Land Trust Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $395K |
| Total Expenses | $348K |
| Surplus / Deficit | +$47K |
| Total Assets | $9.1M |
| Total Liabilities | $6K |
| Net Assets | $9.1M |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 315.1 months |
Financial Health Grade: A
In 2023, Vinalhaven Land Trust Inc reported a surplus of $47K with revenue exceeding expenses, holds 315.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vinalhaven Land Trust Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.9% | -1.7% | +3.1% |
| 2022 | +47.0% | +13.0% | +0.4% |
| 2021 | -76.9% | +6.7% | +4.8% |
| 2020 | +495.2% | +4.8% | +26.9% |
| 2019 | -47.3% | +9.7% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vinalhaven Land Trust Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Vinalhaven Land Trust Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor confidence and resource allocation to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Vinalhaven Land Trust Inc's IRS 990 filings:
- Lack of detailed breakdown of program vs. administrative expenses in provided data, making precise efficiency calculations challenging without full 990 access.
Strengths
The following positive indicators were identified for Vinalhaven Land Trust Inc:
- Consistent asset growth, increasing from $5.8M in 2014 to $9.1M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and dedication.
- Low liabilities, consistently under $50,000, demonstrating sound financial management.
- Expenses consistently below revenue in most years, contributing to asset accumulation.
- Strong financial stability with a robust asset base relative to annual expenses.
Frequently Asked Questions about Vinalhaven Land Trust Inc
Is Vinalhaven Land Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vinalhaven Land Trust Inc (EIN: 10416936) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Vinalhaven Land Trust Inc spend its money?
Vinalhaven Land Trust Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vinalhaven Land Trust Inc tax-deductible?
Vinalhaven Land Trust Inc is registered as a tax-exempt nonprofit (EIN: 10416936). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vinalhaven Land Trust Inc's spending goes to programs?
Vinalhaven Land Trust Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vinalhaven Land Trust Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Vinalhaven Land Trust Inc is above average for NTEE category C340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vinalhaven Land Trust Inc located?
Vinalhaven Land Trust Inc is headquartered in Vinalhaven, Maine and files with the IRS under EIN 10416936. It is classified under NTEE code C340.
How many years of IRS 990 filings does Vinalhaven Land Trust Inc have?
Vinalhaven Land Trust Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $755K in total revenue.
How does Vinalhaven Land Trust Inc manage to operate without officer compensation?
The filings consistently show 0% officer compensation, suggesting a volunteer-driven leadership model or that executive roles are compensated through other means not categorized as officer compensation, which is a strong indicator of efficiency.
What caused the significant revenue spike in 2020?
In 2020, the organization reported revenue of $1,905,116, a substantial increase from prior and subsequent years. This could be due to a major capital campaign, a large one-time donation, or a significant grant for a specific project.
Is the organization's asset growth sustainable?
Yes, the organization has shown consistent asset growth from $5,859,149 in 2014 to $9,130,759 in 2023, indicating effective financial management and successful fundraising efforts that contribute to long-term sustainability.
Filing History
IRS 990 filing history for Vinalhaven Land Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vinalhaven Land Trust Inc's revenue has declined by 54.3%, moving from $864K to $395K. Total assets increased by 116.3% over the same period, from $4.2M to $9.1M. Total functional expenses rose by 112.3%, from $164K to $348K. In its most recent filing year (2023), Vinalhaven Land Trust Inc reported a surplus of $47K, with revenue exceeding expenses. The organization holds $6K in liabilities against $9.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $395K | $348K | $9.1M | $6K | — | — |
| 2022 | $646K | $354K | $8.9M | $9K | — | — |
| 2021 | $439K | $313K | $8.8M | $2K | — | View 990 |
| 2020 | $1.9M | $293K | $8.4M | $13K | — | — |
| 2019 | $320K | $280K | $6.6M | $6K | — | View 990 |
| 2018 | $607K | $255K | $6.3M | $9K | — | View 990 |
| 2017 | $254K | $299K | $6.1M | $49K | — | View 990 |
| 2016 | $282K | $226K | $5.9M | $9K | — | View 990 |
| 2015 | $229K | $208K | $5.9M | $6K | — | View 990 |
| 2014 | $229K | $193K | $5.9M | $6K | — | View 990 |
| 2013 | $1.4M | $222K | $5.8M | $6K | — | View 990 |
| 2012 | $620K | $176K | $4.7M | $6K | — | View 990 |
| 2011 | $864K | $164K | $4.2M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $395K, expenses of $348K, and assets of $9.1M (revenue -38.9% year-over-year).
- 2022: Revenue of $646K, expenses of $354K, and assets of $8.9M (revenue +47.0% year-over-year).
- 2021: Revenue of $439K, expenses of $313K, and assets of $8.8M (revenue -76.9% year-over-year).
- 2020: Revenue of $1.9M, expenses of $293K, and assets of $8.4M (revenue +495.2% year-over-year).
- 2019: Revenue of $320K, expenses of $280K, and assets of $6.6M (revenue -47.3% year-over-year).
- 2018: Revenue of $607K, expenses of $255K, and assets of $6.3M (revenue +139.5% year-over-year).
- 2017: Revenue of $254K, expenses of $299K, and assets of $6.1M (revenue -9.9% year-over-year).
- 2016: Revenue of $282K, expenses of $226K, and assets of $5.9M (revenue +22.7% year-over-year).
- 2015: Revenue of $229K, expenses of $208K, and assets of $5.9M (revenue +0.2% year-over-year).
- 2014: Revenue of $229K, expenses of $193K, and assets of $5.9M (revenue -83.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $222K, and assets of $5.8M (revenue +128.5% year-over-year).
- 2012: Revenue of $620K, expenses of $176K, and assets of $4.7M (revenue -28.3% year-over-year).
- 2011: Revenue of $864K, expenses of $164K, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vinalhaven Land Trust Inc:
Data Sources and Methodology
This transparency report for Vinalhaven Land Trust Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.