GRAND FORKS COMMUNITY LAND TRUST (EIN 274213216) - 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

2009

Legal Domicile

Principal Officer

EMILY CONTRERAS

Phone

2187914668

Tax Period

2024-01-01 to 2024-12-31

GRAND FORKS COMMUNITY LAND TRUST, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $228K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE PERMANENTLY AFFORDABLE HOUSING OPPORTUNITIES TO THE GRAND FORKS, ND COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $224,320

Investment Income $18

Other Revenue $3,526

TOTAL REVENUE $227,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,115

Fundraising Expenses $0

Program Expenses $165,734

Other Expenses $81,185

TOTAL EXPENSES $246,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,864	$278,271	-0.2%
Expenses	$246,300	$229,137	+0.1%
Net Income	$-18,436	$49,134	-1.4%

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

$103,090

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK RUSTAD	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC CASTLE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW LEIPHON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DARRYL JORGENSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
KATE PRESZLER	SECRETARY	1.00	Officer Director	$0	$0	$0
ZACHARY TOMCZIK	DIRECTOR	1.00	Director	$0	$0	$0
EMILY CONTRERAS	EXECUTIVE DIRECTOR	40.00	Officer	$103,090	$0	$103,090

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	$227,864	$246,300	$1,276,587	$-18,436
2023	$278,271	$229,137	$1,227,887	$49,134
2022	$112,091	$103,352	$1,366,017	$8,739
2021	$68,037	$160,898	$1,198,221	$-92,861
2020	$255,131	$255,319	$1,156,206	$-188
2019	$154,943	$181,935	$1,100,474	$-26,992
2018	$349,517	$316,435	$897,205	$33,082

GRAND FORKS COMMUNITY LAND TRUST