EVANSVILLE LAND BANK CORP

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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

2017

Legal Domicile

Principal Officer

JESSICA KEOWN

Phone

8127602449

Tax Period

2025-01-01 to 2025-12-31

EVANSVILLE LAND BANK CORP, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $456K in total revenue in fiscal year 2025. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $236K, a strong 52% operating margin.

Mission

TO DEMOLISH OR REHABILITATE DILAPIDATED STRUCTURES ACQUIRED THROUGH TAX FORECLOSURE OR OTHER METHODS, AND RETURN THEM TO PRODUCTIVE USE

Program Service Accomplishments

Program 1

Expenses: $189,504

TO DEMOLISH OR REHABILITATE DILAPIDATED STRUCTURES ACQUIRED THROUGH TAX FORECLOSURE OR OTHER METHODS, AND RETURN THEM TO PRODUCTIVE USE

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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 (2025)

Revenue Breakdown

Contributions & Grants $500,000

Program Service Revenue $0

Investment Income $21,317

Other Revenue $-65,817

TOTAL REVENUE $455,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,504

Other Expenses $219,508

TOTAL EXPENSES $219,508

Year-over-Year Comparison

	2025	2024	Change
Revenue	$455,500	$269,742	+0.7%
Expenses	$219,508	$215,428	+0.0%
Net Income	$235,992	$54,314	+3.3%

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

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
JOSHUA ARMSTRONG	PRESDIENT	1.00	Officer Director	$0	$0	$0
KOLBI JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM KECK	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
JOE KRATOCHVIL	FIRST VICE P	1.00	Officer Director	$0	$0	$0
JESSICA KEOWN	SECRETARY/TR	35.00	Officer Director	$0	$0	$0
DARREN MORLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TAYLOR PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
CASEY SPIVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYCE TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
MALCOM WICKWARE	BOARD MEMBER	1.00	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
2025	$455,500	$219,508	$1,319,429	$235,992
2024	$269,742	$215,428	$1,018,116	$54,314
2023	$334,376	$248,509	$961,069	$85,867
2022	$315,989	$185,175	$895,734	$130,814
2021	$188,155	$213,805	$764,920	$-25,650
2020	$304,934	$275,220	$897,570	$29,714
2019	$1,045,074	$726,593	$709,357	$318,481
2018	$1,210,033	$1,141,197	$390,876	$68,836