LAND BANK TWIN CITIES INC (EIN 611756962) - 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

2015

Legal Domicile

Principal Officer

AARICA COLEMAN

Phone

6122388210

Tax Period

2023-01-01 to 2023-12-31

LAND BANK TWIN CITIES INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $5.9M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

LAND BANK TWIN CITIES, INC. CAPTURES STRATEGIC REAL ESTATE OPPORTUNITIES TO BENEFIT PEOPLE WITH LOW TO MODERATE INCOMES, PRIORITIZING PEOPLE OF COLOR AND POPULATIONS FACING BARRIERS.

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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 $2,340,729

Program Service Revenue $3,159,516

Investment Income $137,586

Other Revenue $230,741

TOTAL REVENUE $5,868,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $771,776

Fundraising Expenses $97,184

Program Expenses $5,119,569

Other Expenses $5,225,641

TOTAL EXPENSES $6,063,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,868,572	$7,583,813	-0.2%
Expenses	$6,063,417	$4,611,397	+0.3%
Net Income	$-194,845	$2,972,416	-1.1%

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

$360,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY MCCULLOCH	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MCCORMICK	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HANLEY	TREASURER AS OF 09/2023	1.00	Officer Director	$0	$0	$0
CHERIE SHOQUIST	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCGEE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH MITCHELL	DIRECTOR-(LEFT 07/2023)	1.00	Director	$0	$0	$0
ELFRIC PORTE II	DIRECTOR	1.00	Director	$0	$0	$0
JANE PRINCE	DIRECTOR	1.00	Director	$0	$0	$0
JASON CHAVEZ	DIRECTOR	1.00	Director	$0	$0	$0
JAY JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WASHBURNE	TREASURER (LEFT 09/2023)	1.00	Officer Director	$0	$0	$0
KARLA HENDERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KIZZY DOWNIE	SECRETARY	1.00	Officer Director	$0	$0	$0
LIBBY STARLING	VICE CHAIR/ CHAIR AS OF 09/2023	1.00	Officer Director	$0	$0	$0
MIKE GOZE	DIRECTOR	1.00	Director	$0	$0	$0
NICOLLE GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM STREITZ	CHAIR (LEFT 3/2023)	1.00	Officer Director	$0	$0	$0
TRISTA MATASCASTILLO	DIRECTOR	1.00	Director	$0	$0	$0
CURT KLOTZ	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$0
EDWARD LANDENBERGER	VS PRESIDENT & SR PROGRAM DIRECTOR	40.00	Officer	$165,897	$32,419	$198,316
SHANA WENGER	CHIEF OPERATING OFFICER	40.00	Officer	$139,178	$23,465	$162,643
SCOTT ANDERSON	PROGRAM MANAGER	40.00	Highest	$104,721	$4,187	$108,908
SANDRA L OAKES	PRESIDENT (LEFT 4/2023)	40.00		$100,487	$2,145	$102,632

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	No data	No data	No data	No data
2023	$5,868,572	$6,063,417	$32,751,043	$-194,845
2022	$7,583,813	$4,611,397	$31,192,674	$2,972,416
2021	$6,229,470	$3,831,988	$25,684,992	$2,397,482
2020	$3,012,756	$3,418,677	$24,134,904	$-405,921
2019	$2,870,489	$3,052,775	$15,961,811	$-182,286
2018	$2,545,418	$2,538,843	$18,810,885	$6,575

LAND BANK TWIN CITIES INC