TWO RIVERS COMMUNITY LAND TRUST (EIN 411971550) - 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

MICHAEL MEIS

Phone

6519949194

Tax Period

2024-01-01 to 2024-12-31

TWO RIVERS COMMUNITY LAND TRUST, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 237% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 13% surplus.

Mission

TO PROVIDE PERMANENTLY AFFORDABLE HOUSING ALTERNATIVES FOR LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES, AND HOUSEHOLDS EARNING UP TO 80% OF MEDIAN INCOME WITHIN WASHINGTON COUNTY IN THE STATE OF MINNESOTA.

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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 $993,463

Program Service Revenue $1,865,682

Investment Income $956

Other Revenue $0

TOTAL REVENUE $2,860,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,538

Fundraising Expenses $10,016

Program Expenses $2,435,889

Other Expenses $2,282,433

TOTAL EXPENSES $2,485,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,860,101	$848,742	+2.4%
Expenses	$2,485,971	$828,482	+2.0%
Net Income	$374,130	$20,260	+17.5%

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

$121,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUNNY BJORKLUND SCHULTZ	CHAIR UNTIL	2.00	Officer Director	$0	$0	$0
MICHAEL MEIS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TANNER JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
GENE AHO	SECRETARY	2.00	Officer Director	$0	$0	$0
LINNEA GRAFFUNDER-BARTELS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH JUELICH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW GITZLAFF	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL FINAZZO DOLL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX SELLKE	BOARD MEMBER	1.00	Director	$0	$0	$0
ZARA WOLFE	MEMBER TIL 9	1.00	Director	$0	$0	$0
SHERRY TIMMERMANN GOODPASTER	EXECUTIVE DI	40.00	Officer	$108,635	$12,535	$121,170

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
2025	No data	No data	No data	No data
2024	$2,860,101	$2,485,971	$4,514,854	$374,130
2023	$848,742	$828,482	$4,301,435	$20,260
2022	$1,632,577	$1,463,107	$3,595,116	$169,470
2021	$1,003,602	$839,009	$3,162,760	$164,593
2020	$975,207	$735,848	$3,034,365	$239,359
2020	$892,898	$735,848	$2,952,056	$157,050
2019	$646,812	$693,549	$2,598,327	$-46,737
2018	$161,683	$128,565	$3,003,229	$33,118

TWO RIVERS COMMUNITY LAND TRUST