RALEIGH AREA LAND TRUST

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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

KEVIN CAMPBELL

Phone

9193454406

Tax Period

2024-01-01 to 2024-12-31

RALEIGH AREA LAND TRUST, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $966K, a strong 74% operating margin.

Mission

THE RALEIGH AREA LAND TRUST CREATES PERMANENTLY AFFORDABLEHOMEOWNERSHIP OPPORTUNITIES FOR FIRST-TIME HOMEBUYERS USING THECOMMUNITY LAND TRUST MODEL. INVESTMENTS PROTECT NEIGHBORHOODS FROM THEAFFORDABLE HOUSING CRISIS BY ENSURING WORKING FAMILIES CAN AFFORD TO BUY.

Program Service Accomplishments

Program 1

Expenses: $19,890 Revenue: $425,000

CONTINUED SITE PREPARATION FOR COTTAGES OF IDLEWILD, AN 18-UNITAFFORDABLE HOUSING DEVELOPMENT AIMING TO PROVIDE HOME PURCHASE ANDRENTAL OPPORTUNITIES FOR LOW INCOME RESIDENTS (BELOW 80% AMI)

Program 2

Expenses: $72,858

EXPANDED HOMEOWNERSHIP PROGRAM TO SERVE 15 PROSPECTIVE HOMEBUYERS BYPROVIDING HOMEBUYER EDUCATION AND CONNECTIONS TO SUPPORT SERVICESINCLUDING FINANCIAL COUNSELING AND DOWN PAYMENT ASSISTANCE PROGRAMS

Program 3

COMPLETED COMMUNITY OUTREACH TO 105 POTENTIAL HOMEBUYERS AND COMMUNITYRESIDENTS

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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 $1,303,247

Program Service Revenue $0

Investment Income $762

Other Revenue $350

TOTAL REVENUE $1,304,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,701

Fundraising Expenses $38,947

Program Expenses $92,748

Other Expenses $208,550

TOTAL EXPENSES $338,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,304,359	$711,818	+0.8%
Expenses	$338,251	$95,260	+2.6%
Net Income	$966,108	$616,558	+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

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

$120,192

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUISE MARTIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
REV FRANK WHITE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER LAMPMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JANE QUINN	TREASURER	2.00	Officer Director	$0	$0	$0
LEE NORRIS	DIRECTOR	2.00	Director	$0	$0	$0
DR RASHEEDA MONROE	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW LEATHERMAN	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN CAMPBELL	EXECUTIVE DIRECTOR	40.00	Officer	$120,192	$0	$120,192

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	$1,304,359	$338,251	$2,523,541	$966,108
2023	$711,818	$95,260	$1,493,809	$616,558
2022	$355,363	$58,004	$1,139,637	$297,359
2021	$372,145	$4,873	$367,272	$367,272