FSK LAND CORPORATION

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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

1984

Legal Domicile

Phone

4439973737

Tax Period

2023-07-01 to 2024-06-30

FSK LAND CORPORATION, founded in 1984, is a mid-sized nonprofit that reported $19.4M in total revenue in fiscal year 2023. The organization ran a surplus of $4.2M, a strong 21% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

FSK LAND CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF INCOME (LESS...

FSK LAND CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF INCOME (LESS EXPENSES) TO ITS MEMBERS, THE JOHNS HOPKINS UNIVERSITY (JHU) AND JOHNS HOPKINS HEALTH SYSTEM CORPORATION (JHHS). JHU AND JHHS ARE IRC SECTION 501(C)(3) ORGANIZATIONS.

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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 $19,097,038

Investment Income $282,448

Other Revenue $0

TOTAL REVENUE $19,379,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $15,213,880

TOTAL EXPENSES $15,213,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,379,486	$19,059,972	+0.0%
Expenses	$15,213,880	$15,910,908	0.0%
Net Income	$4,165,606	$3,149,064	+0.3%

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

$80,117

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN SOWERS	CHAIRMAN	1.0	Officer Director	$0	$0	$0
CHERYL SADRO	TRUSTEE	1.0	Director	$0	$0	$0
JENNIFER NICKOLES	TRUSTEE	1.0	Director	$0	$0	$0
JOHNNIE WATSON	TRUSTEE	1.0	Director	$0	$0	$0
LAURENT HELLER	TRUSTEE	1.0	Director	$0	$0	$0
LISA ISHII	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL LARSON	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT MCLEAN	TRUSTEE	1.0	Director	$0	$0	$0
SALLY MACCONNELL	TRUSTEE	1.0	Director	$0	$0	$0
SCOTT JONAS	TRUSTEE	1.0	Director	$0	$0	$0
MITCHELL BONANNO	PRESIDENT	1.0	Officer	$61,064	$19,053	$80,117
NICOLE SMITH	TREASURER	1.0	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
2025	No data	No data	No data	No data
2024	$19,379,486	$15,213,880	$81,209,570	$4,165,606
2023	$19,059,972	$15,910,908	$78,147,715	$3,149,064
2022	$19,637,042	$16,191,825	$75,537,606	$3,445,217
2021	$18,455,473	$15,155,042	$75,439,989	$3,300,431