MOUNT VERNON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
IN 2023 THE LAND BANK PARTICIPATED IN THE STATE BROWNFIELD GRANT AND SITE REVITALIZATION GRANT PROGRAMS WHICH LED TO THE CLEANUP OF MULTIPLE BLIGHTED PROPERTIES ACROSS THE COUNTY. IN ADDITION, THREE...
IN 2023 THE LAND BANK PARTICIPATED IN THE STATE BROWNFIELD GRANT AND SITE REVITALIZATION GRANT PROGRAMS WHICH LED TO THE CLEANUP OF MULTIPLE BLIGHTED PROPERTIES ACROSS THE COUNTY. IN ADDITION, THREE RESIDENTIAL PROJECTS WERE COMPLETED WITH NEWLY RENOVATED OR CONSTRUCTED OWNER-OCCUPIED HOUSES ON FORMERLY BLIGHTED PROPERTIES. THE YEAR WAS ALSO SPENT PLANNING FOR THE REVITALIZATION OF THE FORMER MOUNT VERNON NEWS BUILDING AND HEARTLAND COMMERCE PARK.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare KNOX COUNTY LAND REUTILIZATION CORPORATI with other nonprofits in Ohio and across the country.