CUYAHOGA LAND BANK CHARITIES (EIN 824194587) - 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

RICARDO LEON

Phone

2166985801

Tax Period

2024-01-01 to 2024-12-31

CUYAHOGA LAND BANK CHARITIES, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. The organization ran a surplus of $306K, a strong 19% operating margin.

Mission

CUYAHOGA LAND BANK CHARITIES, A 501(C)(3) NONPROFIT SUBSIDIARY OF CUYAHOGA LAND BANK, WORKS IN PARTNERSHIP WITH MUNICIPALITIES, NONPROFITS AND FAITH-BASED ORGANIZATIONS TO HELP PROVIDE HOUSING OPPORTUNITIES TO VULNERABLE POPULATIONS. THIS WORK ULTIMATELY SUPPORTS THE LAND BANK'S MISSION TO RETURN VACANT AND ABANDONED PROPERTIES TO PRODUCTIVE USE, WHILE MEETING A CRITICAL NEED FOR HOUSING IN THE COMMUNITY.THESE EFFORTS, THAT RESULT THROUGH COLLABORATION WITH A VARIETY OF IMPACTFUL ORGANIZATIONS, FOCUS ON PROMOTING: AFFORDABLE HOUSING; ECONOMIC STABILITY WITH EQUITABLE WEALTH BUILDING; FAMILY STABILITY THROUGH HOME OWNERSHIP; AND EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,524,350

Program Service Revenue $0

Investment Income $68,330

Other Revenue $0

TOTAL REVENUE $1,592,680

Expense Breakdown

Grants Paid $1,252,591

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,276,329

Other Expenses $34,188

TOTAL EXPENSES $1,286,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,592,680	$1,501,385	+0.1%
Expenses	$1,286,779	$753,188	+0.7%
Net Income	$305,901	$748,197	-0.6%

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

N/A

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

$767,209

Total Directors

$1,126,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUS FRANGOS	FORMER BOARD CHAIR (8/31/24)	1.00	Officer Director	$0	$0	$200,377
RICARDO LEON	CHAIR (9/1/24-PRESENT), VICE CHAIR (1/1-8/31/24)	1.00	Officer Director	$0	$0	$219,037
DOUGLAS SAWYER	SECRETARY	1.00	Officer Director	$0	$0	$170,278
RONALD PAVLOVICH	TREASURER	1.00	Officer Director	$0	$0	$177,517
DENNIS ROBERTS	TRUSTEE	1.00	Director	$0	$0	$220,293
MICHAEL SCHRAMM	TRUSTEE	1.00	Director	$0	$0	$139,047

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	$1,592,680	$1,286,779	$1,685,185	$305,901
2023	$1,501,385	$753,188	$1,291,804	$748,197
2022	$549,715	$349,712	$528,001	$200,003
2021	$306,629	$143,278	$319,748	$163,351
2020	$270,587	$137,484	$156,397	$133,103
2019	$68,673	$45,379	$40,019	$23,294

CUYAHOGA LAND BANK CHARITIES