MEMPHIS LAND BANK INC (EIN 030482299) - 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

2000

Legal Domicile

Principal Officer

J MARTIN REGAN JR

Phone

9015904821

Tax Period

2023-01-01 to 2023-12-31

MEMPHIS LAND BANK INC, founded in 2000, is a micro nonprofit in the Community Improvement sector that reported $569K in total revenue in fiscal year 2023. Revenue fell 187% from the prior year — a significant decline worth monitoring.

Mission

TO ACQUIRE, CONSTRUCT, DEVELOP, LEASE, MANAGE, OPERATE, SELL AND OTHERWISE DEAL WITH SAFE, DECENT, AND AFFORDABLE HOUSING, IN PARTICULAR ASSISTING THE LOCAL HOUSING AUTHORITY IN PROVIDING HOUSING TO LOW AND VERY LOW INCOME FAMILIES AND INDIVIDUALS IN THE CITY OF MEMPHIS, TENNESSEE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $400,508

Investment Income $214,154

Other Revenue $-1,183,348

TOTAL REVENUE $-568,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $404,108

Fundraising Expenses $0

Program Expenses $647,854

Other Expenses $329,265

TOTAL EXPENSES $733,373

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-568,686	$655,642	-1.9%
Expenses	$733,373	$647,479	+0.1%
Net Income	$-1,302,059	$8,163	-160.5%

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

N/A

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

$159,692

Total Directors

$335,606

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OSIE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
OWEN L REID	DIRECTOR OF OPERATIONS	40.00	Director	$171,606	$4,308	$175,914
J MARTIN REGAN JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
LUKE YANCY IV	TREASURER	1.00	Officer Director	$0	$0	$0
VIRGINIA A FRANCIS	SECRETARY/ASSISTANT TREASU	40.00	Officer Director	$152,078	$7,614	$159,692

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	No data	No data	No data	No data
2023	$-568,686	$733,373	$19,257,277	$-1,302,059
2022	$655,642	$647,479	$19,099,718	$8,163
2021	$908,597	$1,122,726	$18,817,383	$-214,129
2020	$721,711	$806,085	$19,008,782	$-84,374
2019	$1,592,482	$696,139	$18,405,857	$896,343
2018	$948,463	$931,433	$17,419,448	$17,030

MEMPHIS LAND BANK INC