MEMPHIS METROPOLITAN LAND BANK AUTHORITY (EIN 812000933) - 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

EVAN COLLINS

Phone

9017573360

Tax Period

2023-07-01 to 2024-06-30

MEMPHIS METROPOLITAN LAND BANK AUTHORITY, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $504K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $571K exceeded revenue, resulting in a 13% operating deficit.

Mission

STRENGTHENING COMMUNITIES BY HOLDING, ENGAGING, ACQUIRING, REVITALIZING, AND DISPOSING OF BLIGHTED PROPERTIES.

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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 $501,676

Program Service Revenue $0

Investment Income $2,272

Other Revenue $263

TOTAL REVENUE $504,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,353

Fundraising Expenses $0

Program Expenses $314,202

Other Expenses $246,068

TOTAL EXPENSES $571,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$504,211	$548,981	-0.1%
Expenses	$571,421	$409,628	+0.4%
Net Income	$-67,210	$139,353	-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

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

$94,252

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY COWAN	DIRECTOR	1.00	Director	$0	$0	$0
LOUISA YANES	DIRECTOR	1.00	Director	$0	$0	$0
EVAN COLLINS	TREASURER	1.00	Officer Director	$0	$0	$0
JILL STEINBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE LOCKWOOD	DIRECTOR	1.00	Director	$0	$0	$0
STUART LOTT	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN MASSEY	PROGRAM CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN GILLIS	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
CHEYENNE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
FARA CAPTAIN	DIRECTOR	1.00	Director	$0	$0	$0
JOY TOULIATOS	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS WARD	BOARD ATTORNEY	1.00	Director	$0	$0	$0
MICHAEL HARRIS	PRESIDENT & CEO	40.00	Officer	$94,252	$0	$94,252

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	$504,211	$571,421	$984,061	$-67,210
2023	$548,981	$409,628	$1,147,954	$139,353
2022	$613,371	$286,290	$1,017,843	$327,081
2021	$170,737	$135,313	$665,354	$35,424
2020	$9,669	$98,105	$191,339	$-88,436
2019	$151,266	$15,126	$247,987	$136,140
2018	$25,010	$10,457	$111,347	$14,553

MEMPHIS METROPOLITAN LAND BANK AUTHORITY