Wayne County Regional Land Bank Corporation

EIN: 830561640 501(c)(3) Environment

Lyons, NY

Total Revenue
$653,001
Total Expenses
$654,377
Total Assets
$2,841,899
Net Assets
$2,836,220
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
Roger Gallant
Phone
3159465495
Tax Period
2024-01-01 to 2024-12-31

Wayne County Regional Land Bank Corporation, founded in 2018, is a small nonprofit in the Environment sector that reported $653K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Net assets of $2.8M represent 52 months of operating reserves.

Mission

To address the problems of vacant, abandoned, derelict, contaminated, or tax delinquent property in Wayne County in a coordinated manner through the acquisition and disposition of real property and returning that property to productive use in order to strengthen the economy, improve the quality of life, and improve the financial condition of the municipalities, through the use of the powers and tools granted to Land Banks by the Laws of the State of New York.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $478,635
Program Service Revenue $63,100
Investment Income $78,516
Other Revenue $32,750
TOTAL REVENUE $653,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $179,347
Fundraising Expenses $0
Program Expenses $632,927
Other Expenses $475,030
TOTAL EXPENSES $654,377

Year-over-Year Comparison

2024 2023 Change
Revenue $653,001 $1,473,478 -0.6%
Expenses $654,377 $819,426 -0.2%
Net Income $-1,376 $654,052 -1.0%
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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Governance

Voting Members
9
Independent Members
9
Employees
2
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
4
$85,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Groat Chairman 1.00
Officer Director
$0 $0 $0
Roger Gallant Vice Chair 1.00
Officer Director
$0 $0 $0
Kristen Scott Board Member 1.00
Director
$0 $0 $0
Mike Donalty Board Member 1.00
Director
$0 $0 $0
Joyce Moyer Treasurer 1.00
Officer Director
$0 $0 $0
Brian Pincelli Board Member 1.00
Director
$0 $0 $0
Bob Ohmann Board Member 1.00
Director
$0 $0 $0
Richard VanLaeken Board Member 1.00
Director
$0 $0 $0
Kaleigh Flynn Executive Director 40.00
Officer
$85,000 $0 $85,000
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 $653,001 $654,377 $2,841,899 $-1,376
2023 $1,473,478 $819,426 $2,859,945 $654,052
2022 $1,023,318 $404,828 $2,185,751 $618,490
2021 $740,188 $641,726 $1,602,219 $98,462
2020 $482,510 $564,742 $1,483,130 $-82,232
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