ROCHESTER LAND BANK CORPORATION (EIN 463600343) - 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

2013

Legal Domicile

Principal Officer

PAUL SCUDERI

Phone

5854287527

Tax Period

2024-07-01 to 2025-06-30

ROCHESTER LAND BANK CORPORATION, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 183% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO ACQUIRE, DEVELOP, AND RETURN VACANT, TAX-DELINQUENT, OR UNDESIRABLE LAND AND BUILDING INTO PRODUCTIVE USE THAT PROMOTES THE COMMUNITY.

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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 $1,124,354

Program Service Revenue $0

Investment Income $356,200

Other Revenue $0

TOTAL REVENUE $1,480,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,416

Fundraising Expenses $0

Program Expenses $1,629,681

Other Expenses $1,874,686

TOTAL EXPENSES $2,034,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,480,554	$523,454	+1.8%
Expenses	$2,034,102	$274,758	+6.4%
Net Income	$-553,548	$248,696	-3.2%

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

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

$707,213

Total Directors

$919,368

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL WHEELER	VICE-CHAIR	1.00	Officer Director	$0	$34,741	$160,831
ERIK FRISCH	CHAIR	1.00	Officer Director	$0	$46,406	$192,086
JOHN FORNOF	TREASURER	1.00	Officer Director	$0	$41,551	$181,059
LASHAY HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES SMITH	DIRECTOR	1.00	Director	$0	$41,711	$210,685
CASMIC REID	DIRECTOR	1.00	Director	$0	$55,259	$174,707
ERIK VAN DUSEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SCUDERI	EXECUTIVE DIRECTOR	15.00	Officer	$0	$55,259	$173,237

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	$1,480,554	$2,034,102	$3,393,175	$-553,548
2024	$523,454	$274,758	$2,224,025	$248,696
2023	$353,180	$770,791	$1,196,252	$-417,611
2022	$853,798	$369,557	$1,564,321	$484,241
2021	$973,439	$1,078,049	$1,320,676	$-104,610
2020	$669,310	$839,256	$1,245,854	$-169,946
2019	$1,648,427	$1,155,876	$1,528,716	$492,551

ROCHESTER LAND BANK CORPORATION