Kachemak Heritage Land Trust Inc
Nonprofit profile at a glance
- EIN
- 943104608
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- Homer, AK, USA
- Phone
- 9072355263
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Land Resources Conservation
Reported finances
- Revenue
- $2,674,139
- Expenses
- $939,448
- Assets
- $10,194,497
- Liabilities
- $103,245
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Donna Aderhold (President)
- Karen Wuestenfeld (Vice President)
Highest reported compensation
- Marie McCarty (Executive Dir.): $124,929 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Kachemak heritage land trust (khlt) is a nationally accredited non-profit organization formed in 1989 for the purpose of conserving the natural heritage of the kenai peninsula for future generations.
What it reported doing in 2024
Community outreach: khlt conducts community outreach through multiple means, including social media, our website, public speaking engagements, one-on-one conversations and at community meetings. Khlt provides our kenai peninsula community with information and access to conservation tools designed to meet their needs, as well as includes community members in our stewardship responsibilities in permanently caring for land for which we are responsible. Much of our work is done in deep partnership with other organizations, including governmental bodies and agencies, including our baby salmon live here sign outreach program, our king maker program where we award good salmon stewards, and our fish need land too program co-hosted by kachemak bay national estuarine research reserve.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 84
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 29.7%; rating input score 30
- Program expense ratio: 77.7%; rating input score 78
- Fundraising efficiency: $20.9 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 64.9%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 10.85; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 13.3%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 6.9% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 16.8% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 7.6% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 29.7% of revenue deployed · 77.7% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $730K in reported program spending
- Leadership: top reported pay $125K · 10 people listed
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 22/100.