CITY OF LAKES COMMUNITY LAND TRUST (EIN 061665031) - 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

2002

Legal Domicile

Principal Officer

ANDREA REESE

Phone

6125947150

Tax Period

2023-01-01 to 2023-12-31

CITY OF LAKES COMMUNITY LAND TRUST, founded in 2002, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.3M in total revenue in fiscal year 2023. Revenue surged 487% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.1M, a strong 83% operating margin.

Mission

CREATING COMMUNITY OWNERSHIP THAT PRESERVES AFFORDABILITY AND INCLUSIVITY IS THE MISSION OF THE CITY OF LAKES COMMUNITY LAND TRUST.

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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 $12,803,415

Program Service Revenue $265,134

Investment Income $178,997

Other Revenue $48,652

TOTAL REVENUE $13,296,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $626,187

Fundraising Expenses $18,393

Program Expenses $2,132,157

Other Expenses $1,575,940

TOTAL EXPENSES $2,202,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,296,198	$2,266,852	+4.9%
Expenses	$2,202,127	$4,308,132	-0.5%
Net Income	$11,094,071	$-2,041,280	-6.4%

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

$386,515

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA SMITH	CHAIR	2.00	Officer Director	$0	$0	$0
LAO LU HANG	TREASURER	2.00	Officer Director	$0	$0	$0
LIBBY MURPHY	SECRETARY	2.00	Officer Director	$0	$0	$0
SHEILA BLAND	MEMBER	1.00	Director	$0	$0	$0
J RALPH PACE	MEMBER	1.00	Director	$0	$0	$0
NATALY SANCHEZ	MEMBER	1.00	Director	$0	$0	$0
MATTHEW C SARGENT	MEMBER	1.00	Director	$0	$0	$0
PEGGY MOORE	MEMBER	1.00	Director	$0	$0	$0
TAYLOR SMIRKARAVA	MEMBER	1.00	Director	$0	$0	$0
MINKARA TEZET	MEMBER	1.00	Director	$0	$0	$0
CHRISTINA JENNINGS	MEMBER	1.00	Director	$0	$0	$0
BONITA TURNIPSEED	MEMBER	1.00	Director	$0	$0	$0
CATRICE WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
JEFF WASHBURNE	FORMER EXECUTIVE DIRECTOR	37.00	Officer	$87,108	$8,834	$95,942
STACI HORWITZ	OPERATIONS DIRECTOR	36.50	Officer	$98,872	$17,159	$116,031
MOLLIE MOSMAN	FINANCE DIRECTOR	36.50	Officer	$97,106	$13,181	$110,287
ANDREA REESE	EXECUTIVE DIRECTOR	37.00	Officer	$54,922	$9,333	$64,255

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
2023	$13,296,198	$2,202,127	$32,072,076	$11,094,071
2022	$2,266,852	$4,308,132	$15,797,710	$-2,041,280
2021	$5,065,737	$2,327,987	$16,464,418	$2,737,750
2020	$2,548,331	$1,795,887	$12,567,753	$752,444
2019	$1,801,547	$1,403,465	$12,826,657	$398,082
2018	$2,458,984	$1,484,803	$11,027,062	$974,181

CITY OF LAKES COMMUNITY LAND TRUST