WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST (EIN 412019107) - 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

2001

Legal Domicile

Principal Officer

BRENDA LANO-WOLKE

Phone

9524017071

Tax Period

2024-01-01 to 2024-12-31

WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 82% operating margin.

Mission

THE ORGANIZATION PROVIDES PERMANENTLY AFFORDABLE HOUSING OWNERSHIP OPPORTUNITIES FOR LOW TO MODERATE INCOME FAMILIES WITHIN SUBURBAN HENNEPIN COUNTY.

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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 $2,852,871

Program Service Revenue $365,306

Investment Income $-849,837

Other Revenue $0

TOTAL REVENUE $2,368,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $313,568

Fundraising Expenses $39,915

Program Expenses $237,376

Other Expenses $114,353

TOTAL EXPENSES $427,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,368,340	$3,921,257	-0.4%
Expenses	$427,921	$352,490	+0.2%
Net Income	$1,940,419	$3,568,767	-0.5%

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

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

$114,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOEL KLINNERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
BARRETT ANDERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD WIERSUM	TREASURER	1.00	Officer Director	$0	$0	$0
BRENT MALCOM	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT GALLO	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA BRUE	BOARD MEMBER	1.00	Director	$0	$0	$0
BELETE AEBA	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA LANO-WOLKE	EXECUTIVE DIRECTOR	40.00	Officer	$102,008	$12,120	$114,128

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	$2,368,340	$427,921	$32,698,664	$1,940,419
2023	$3,921,257	$352,490	$27,468,416	$3,568,767
2022	$2,588,904	$336,610	$25,109,895	$2,252,294
2021	$1,954,929	$284,910	$20,298,617	$1,670,019
2020	$1,173,504	$291,398	$16,723,180	$882,106
2019	$1,172,229	$302,135	$16,113,518	$870,094
2018	$1,345,275	$265,489	$14,487,011	$1,079,786

WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST