KNOX COUNTY LAND REUTILIZATION CORPORATI (EIN 824086618) - 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

2018

Legal Domicile

Principal Officer

TERESA BEMILLER

Phone

3302644444

Tax Period

2023-01-01 to 2023-12-31

KNOX COUNTY LAND REUTILIZATION CORPORATI, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $637K, a strong 43% operating margin.

Mission

THE KNOX COUNTY LAND REUTILIZATION CORPORATION (THE "LAND BANK") STRENGTHENS NEIGHBORHOODS AND PRESERVES PROPERTY VALUES BY STRATEGICALLY RETURNING VACANT, ABANDONED, TAX-DELINQUENT, AND OTHER PROPERTIES TO THEIR MOST PRODUCTIVE, AND HIGHEST-AND-BEST USES THROUGH A TRANSPARENT AND FAIR PROCESS.

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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 $1,752,417

Program Service Revenue $95,005

Investment Income $0

Other Revenue $-355,980

TOTAL REVENUE $1,491,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $820,129

Other Expenses $854,218

TOTAL EXPENSES $854,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,491,442	$3,290,274	-0.5%
Expenses	$854,218	$401,753	+1.1%
Net Income	$637,224	$2,888,521	-0.8%

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

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
TERESA BEMILLER	CHAIR	1.00	Officer Director	$0	$0	$0
SHELLEY COON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TYLER GRIFFITH	MEMBER	1.00	Director	$0	$0	$0
BRIAN BALL	MEMBER	1.00	Director	$0	$0	$0
BILL PURSEL	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	$1,491,442	$854,218	$4,753,170	$637,224
2022	$3,290,274	$401,753	$3,851,849	$2,888,521
2021	$778,052	$453,435	$977,896	$324,617
2020	$629,051	$300,382	$638,632	$328,669
2019	$263,775	$93,337	$307,027	$170,438
2018	$189,350	$55,621	$134,154	$133,729

KNOX COUNTY LAND REUTILIZATION CORPORATI