MBI REAL ESTATE (EIN 371535341) - 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

2007

Legal Domicile

Principal Officer

RICK KELLAR

Phone

3306551366

Tax Period

2023-01-01 to 2023-12-31

MBI REAL ESTATE, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $47K in total revenue in fiscal year 2023. Revenue fell 105% from the prior year — a significant decline worth monitoring.

Mission

EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND INTERESTS IN REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE AMOUNT LESS EXPENSES TO ITS PARENT, THE MARGARET CLARK MORGAN FOUNDATION.

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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 $0

Investment Income $8,077

Other Revenue $-55,240

TOTAL REVENUE $-47,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-47,163	$975,058	-1.0%
Expenses	N/A	N/A	N/A
Net Income	N/A	$975,058	N/A

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

N/A

Employees

N/A

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

$374,182

Total Directors

$430,182

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK KELLAR	PRESIDENT	2.00	Officer Director	$0	$48,130	$374,182
ROBERT KALLSTROM	TRUSTEE	1.00	Director	$0	$0	$28,000
WILLIAM MCGRAW	TRUSTEE	1.00	Director	$0	$0	$28,000

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	$-47,163	No data	$9,897,913	No data
2022	$975,058	No data	$7,240,288	No data
2021	$46,661	$46,661	$6,199,982	No data
2020	$64,861	$64,861	$6,301,206	No data
2019	$86,551	$86,551	$4,925,439	No data
2018	$121,462	$121,462	$4,850,503	No data

MBI REAL ESTATE