CATTARAUGUS COUNTY LAND BANK CORPO… - Form 990 Financial Data

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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

2016

Legal Domicile

Phone

7169382318

Tax Period

2022-01-01 to 2022-12-31

CATTARAUGUS COUNTY LAND BANK CORPORATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $426K in total revenue in fiscal year 2022. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $168K, a strong 40% operating margin.

Mission

The mission of the Cattaraugus County Land Bank Corporation is to restore and build value in the community by returning underutilized properties to dynamic and productive use, preserving and creating quality housing, enhancing the quality of life within neighborhoods, and encouraging private sector investment in cooperation with stakeholders who value responsible land ownership.

Program Service Accomplishments

Program 1

Expenses: $226,007 Revenue: $425,772

Confronting and alleviating the problems caused by vacant, abandoned, tax-delinquent, and tax foreclosed properties in Cattaraugus CountyLessening the burden on the local government within the county by strategically acquiring, developing, improving, assembling, and selling distressed, vacant, abandoned and/or tax delinquent properties, which willReturn improved properties to the tax roll and productive useIncrease home ownership and affordable housing opportunitiesCombating community deterioration and urban decay caused by vacant, abandoned, tax-delinquent, and tax foreclosed properties by taking remedial action to eliminate the physical, economic, and social causes of such deteriorationControlling and modestly improving promising properties to attract reputable buyers committed to investing time and resources in improving themSecuring and holding properties that may address a future community needCollaborating with the private sector, municipalities, and housing provider agencies to improve structures for viable end use and remove derelict structures that do not meet community needLeveraging internal assets with external resources to effect changePlanning and implementing programs, projects and activities designed to create or stimulate economic and community developmentSupporting municipal and regional development efforts

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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 (2022)

Revenue Breakdown

Contributions & Grants $235,872

Program Service Revenue $189,900

Investment Income $0

Other Revenue $0

TOTAL REVENUE $425,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,007

Other Expenses $257,462

TOTAL EXPENSES $257,462

Year-over-Year Comparison

	2022	2021	Change
Revenue	$425,772	$679,921	-0.4%
Expenses	$257,462	$589,843	-0.6%
Net Income	$168,310	$90,078	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Keller	Treasurer	1.00	Officer Director	$0	$0	$0
Crystal Abers	Secretary	1.00	Officer Director	$0	$0	$0
David Koch	Vice Chairman	1.00	Officer Director	$0	$0	$0
Richard Helmich	Director	1.00	Director	$0	$0	$0
Joe Snyder	Director	1.00	Director	$0	$0	$0
Frank Higgins	Director	1.00	Director	$0	$0	$0
Dan Martonis	Chairman	1.00	Officer Director	$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
2022	$425,772	$257,462	$542,264	$168,310
2021	$679,921	$589,843	$350,802	$90,078
2020	$621,362	$555,937	$256,474	$65,425
2019	$648,786	$584,574	$221,683	$64,212

CATTARAUGUS COUNTY LAND BANK CORPORATION