FRANKFORT AREA COMMUNITY LAND TRUST (EIN 874567668) - 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

2021

Legal Domicile

Principal Officer

JAY WHITE

Phone

2316310574

Tax Period

2024-01-01 to 2024-12-31

FRANKFORT AREA COMMUNITY LAND TRUST, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $318K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $251K, a strong 79% operating margin.

Mission

THE FACLT ENGAGES IN ACTIVITIES TO PROVIDE ATTAINABLE HOMES THAT ARE PERPETUALLY MADE AVAILABLE TO LOCAL MIDDLE INCOME WAGE EARNERS.

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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 $350,182

Program Service Revenue $0

Investment Income $-33,811

Other Revenue $1,410

TOTAL REVENUE $317,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,448

Fundraising Expenses $3,444

Program Expenses $36,596

Other Expenses $24,708

TOTAL EXPENSES $67,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,781	$179,303	+0.8%
Expenses	$67,156	$73,081	-0.1%
Net Income	$250,625	$106,222	+1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY WHITE	PRESIDENT	20.00	Officer Director	$0	$0	$0
MARGARET DEVINE	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
ANDREW BRICKMAN	TREASURER	5.00	Officer Director	$0	$0	$0
TIMOTHY JONES	DIRECTOR	5.00	Director	$0	$0	$0
DOUGLAS RATH	DIRECTOR	5.00	Director	$0	$0	$0
KAITLIN MATESICH	DIRECTOR	5.00	Director	$0	$0	$0
RYAN FIEBING	DIRECTOR	5.00	Director	$0	$0	$0
NEIL BRILLIANT	SECRETARY	5.00	Officer Director	$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
2025	No data	No data	No data	No data
2024	$317,781	$67,156	$544,007	$250,625
2023	$179,303	$73,081	$308,412	$106,222

FRANKFORT AREA COMMUNITY LAND TRUST