OGDENSBURG LAND BANK CORPORATION (EIN 832813688) - 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

ANDREA SMITH

Phone

3153937150

Tax Period

2024-01-01 to 2024-12-31

OGDENSBURG LAND BANK CORPORATION, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $107K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $422K represent 47 months of operating reserves.

Mission

TO ADDRESS THE PROBLEMS OF VACANT, ABANDONED, OR TAX DELINQUENT PROPERTY. TO RETURN THAT PROPERTY TO PRODUCTIVE USE IN ORDER TO STRENGTHEN THE ECONOMY, IMPROVE THE QUALITY OF LIFE, AND IMPROVE THE FINANCIAL CONDITION OF THE MUNICIPALITY, THROUGH THE USE OF THE POWERS AND TOOLS GRANTED TO LAND BANKS BY NEW YORK STATE.

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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 $86,179

Program Service Revenue $19,651

Investment Income $1,150

Other Revenue $0

TOTAL REVENUE $106,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,553

Other Expenses $112,972

TOTAL EXPENSES $112,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,980	$159,125	-0.3%
Expenses	$112,972	$34,975	+2.2%
Net Income	$-5,992	$124,150	-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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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
PHIL COSMO	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JAMES MORRISON	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
THOMAS HANNAN	TREASURER	0.50	Officer Director	$0	$0	$0
LAURA PEARSON	SECRETARY	0.50	Officer Director	$0	$0	$0
MARCIA LEMAY	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN MCDONOUGH	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS MCDONALD	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA SMITH	EXECUTIVE DIRECTOR	3.00	Officer	$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	$106,980	$112,972	$421,665	$-5,992
2023	$159,125	$34,975	$430,657	$124,150
2022	$523,438	$312,752	$303,526	$210,686
2021	$480,170	$425,270	$200,631	$54,900
2020	$218,839	$180,918	$58,798	$37,921
2019	$305,517	$305,517	$144,880	No data

OGDENSBURG LAND BANK CORPORATION