241 COMMUNITY LAND TRUST (EIN 275284861) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

CHRISTOPHER KREHMEYER

Phone

3145330600

Tax Period

2023-01-01 to 2023-12-31

241 COMMUNITY LAND TRUST, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.8M exceeded revenue, resulting in a 59% operating deficit.

Mission

24:1 COMMUNITY LAND TRUST (CLT) PROVIDES LAND TRUST STEWARDSHIP IN THE NORMANDY SCHOOLS COLLABORATIVE TO ADDRESS THE COMMUNITY'S NEEDS OF AFFORDABLE HOUSING, HOME OWNERSHIP, ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD STABILIZATION. CLT IS A SUPPORTING ORGANIZATION TO BEYOND HOUSING, INC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $90,052

Program Service Revenue $899,584

Investment Income $63,186

Other Revenue $87,736

TOTAL REVENUE $1,140,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,928

Fundraising Expenses $0

Program Expenses $1,813,489

Other Expenses $1,487,561

TOTAL EXPENSES $1,813,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,140,558	$1,098,444	+0.0%
Expenses	$1,813,489	$1,974,005	-0.1%
Net Income	$-672,931	$-875,561	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$465,082

Total Directors

$305,463

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER KREHMEYER	PRESIDENT	2.00	Officer Director	$0	$32,200	$305,463
WRAY CLAY	SECRETARY	2.00	Officer Director	$0	$0	$0
JACQUELINE BUCK-HORTON	MEMBER	2.00	Director	$0	$0	$0
GAIL CUTTS	MEMBER	2.00	Director	$0	$0	$0
THOMAS JONES JR	MEMBER	2.00	Director	$0	$0	$0
SHEENA BOWERS	MEMBER	2.00	Director	$0	$0	$0
STEVE JANSEN	ASSISTANT SECRETARY	2.00	Officer	$0	$10,484	$159,619

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	$1,140,558	$1,813,489	$27,282,840	$-672,931
2022	$1,098,444	$1,974,005	$27,581,292	$-875,561
2021	$9,459,445	$7,548,657	$28,090,880	$1,910,788
2020	$2,042,162	$5,595,664	$34,440,372	$-3,553,502
2019	$4,124,076	$9,985,143	$36,982,919	$-5,861,067
2018	$5,869,158	$9,152,209	$47,363,612	$-3,283,051

241 COMMUNITY LAND TRUST