The Hudson Valley Trust Inc

Nonprofit profile at a glance

EIN
141479500
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Patterson, NY, USA
Phone
8458787071
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Environmental Quality, Protection, and Beautification N.E.C.

Reported finances

Revenue
$88,646
Expenses
$93,924
Assets
$1,452,862
Liabilities
$7,676

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • DANIEL TROGE (PRESIDENT)

People named in this filing

  • MARJORIE KEITH (TREASURER)
  • DR LARRY MAXWELL (VICE PRESIDE)
  • DANIEL TROGE (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the cultural, historical, environmental & architectural heritage of areas surrounding hudson river valley. This includes various fundraising activities, contributions from the general public, the rental of historical location for which the non-profit was founded and resides on and applying for grants from nys and other agencies.

What it reported doing in 2025

Operational costs of the former patterson town hall (lawlor building) which is being used as a library and as an office and meeting space for various local not-for-profit entities including the organization itself, whose purpose is to foster the historical, environmental, and architectural heritage of the hudson river valley. This action will protect and secure this locally historic and significant building which is at the gateway of the town of patterson. (see supplementary info for continuation of purpose) in 2006, the organization purchased 47 acres of land contiguous with the lawlor building property with the proceeds of a grant from the empire state development corporation. The land will be preserved and used to promote the local economy through tourism by developing an arboretum. In cooperation with local government and support from putnam county cornell cooperative extension, the arboretum will consist of, in part, a collection of native plantings from eastern north america and, in particular, New York state. In 2008, the organization completed construction of a pedestrian footbridge that will promote tourism and advocate recreational opportunities by providing greater accessibility from its offices and parking lot to the 47 acres of rolling green pastures which lead to environmentally sensitive wetlands that border the historic great swamp. These lands are frequented by bird watchers, environmental study groups, and others. During 2008 the organization continued work on renovating a historic barn on this same site.

Operating model

Revenue model
Earned-program. 80% of the money available for current operations came from fees and other program revenue.
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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 75
  • Accountability: 70
  • Sustainability: 52
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.8%; rating input score 87
  • Program expense ratio: 81.7%; rating input score 82
  • Fundraising efficiency: $6.73 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -6%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 15.47; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 0.6% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: -2.2% per year; rating input score 0; 27th percentile among comparable filings

Details

  • Where the money goes: 86.8% of revenue deployed · 81.7% of spending went to programs
  • Governance: 7 of 7 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $77K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 17 of 19 current checks pass · 2 findings to review
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.