MUNCIE LAND BANK INC (EIN 822984093) - 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

2017

Legal Domicile

Principal Officer

NATHANIEL HOWARD

Phone

7652018928

Tax Period

2023-01-01 to 2023-12-31

MUNCIE LAND BANK INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $206K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 19% operating margin.

Mission

AID IN THE ECONOMIC REVITALIZATION OF MUNCIE INDIANA THROUGH SECURING LAND FOR HOUSING INITIATIVES AND URBAN RENEWAL

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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 $187,153

Program Service Revenue $13,844

Investment Income $5,206

Other Revenue $0

TOTAL REVENUE $206,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,392

Fundraising Expenses $0

Program Expenses $138,209

Other Expenses $109,648

TOTAL EXPENSES $168,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,203	$109,136	+0.9%
Expenses	$168,040	$115,994	+0.4%
Net Income	$38,163	$-6,858	-6.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WEST	BOARD MEMBER	2.00	Director	$0	$0	$0
BRAD KING	CHAIR	2.00	Officer Director	$0	$0	$0
JAMES LOWE	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER WILLIAMS	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON DONATI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KYLE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNETTE PHILLIPS	TREASURER	2.00	Officer Director	$0	$0	$0
MELANIE WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
REBEKAH HANNA	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
2024	No data	No data	No data	No data
2023	$206,203	$168,040	$300,607	$38,163

MUNCIE LAND BANK INC