MINOT AREA COMMUNITY LAND TRUST (EIN 463583694) - 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

2012

Legal Domicile

Principal Officer

EMILY CONTRERAS

Phone

2187914668

Tax Period

2024-01-01 to 2024-12-31

MINOT AREA COMMUNITY LAND TRUST, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $57K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $199K exceeded revenue, resulting in a 246% operating deficit.

Mission

TO PROVIDE AFFORDABLE, QUALITY HOME OWNERSHIP FOR LOW TO MODERATE INCOME FAMILIES IN WARD 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 $0

Program Service Revenue $52,265

Investment Income $27

Other Revenue $5,174

TOTAL REVENUE $57,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $193,614

Other Expenses $198,905

TOTAL EXPENSES $198,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,466	$71,500	-0.2%
Expenses	$198,905	$127,728	+0.6%
Net Income	$-141,439	$-56,228	+1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLY SODERHOLM	PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE WITHUS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MARIA ROMANICK	SECRETARY / TREASURER	0.50	Officer Director	$0	$0	$0
KAUSHA BAKK	DIRECTOR	0.50	Director	$0	$0	$0
PAUL BREINER	DIRECTOR	0.50	Director	$0	$0	$0
EMILY CONTRERAS	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0

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	$57,466	$198,905	$1,471,191	$-141,439
2023	$71,500	$127,728	$1,374,969	$-56,228
2022	$69,263	$72,624	$1,303,592	$-3,361
2021	$56,703	$58,896	$1,306,335	$-2,193
2020	$56,126	$90,451	$1,323,142	$-34,325
2019	$-58,958	$80,712	$1,342,441	$-139,670
2018	$42,417	$137,390	$1,559,647	$-94,973

MINOT AREA COMMUNITY LAND TRUST