MICHIGAN LAND BANK ASSOCIATION

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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

Principal Officer

RACHEL NELSON

Phone

2316519066

Tax Period

2025-01-01 to 2025-12-31

MICHIGAN LAND BANK ASSOCIATION is a small nonprofit in the Education sector that reported $169K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE MICHIGAN LAND BANK ASSOCIATION ACTS AS A UNIFIED VOICE FOR MICHIGAN LAND BANKS BY WORKING TO CONVENE, EDUCATE, AND CREATE MUTUAL SUPPORT AND CAPACITY BUILDING FOR ALL MEMBERS, AS WELL AS BUILD INTERGOVERNMENTAL RELATIONSHIPS AND FURTHER THE PURPOSE OF LAND BANKS.

Program Service Accomplishments

Program 1

Expenses: $223,711

THE MICHIGAN LAND BANK ASSOCIATION ACTS AS A UNIFIED VOICE FOR MICHIGAN LAND BANKS BY WORKING TO CONVENE, EDUCATE, AND CREATE MUTUAL SUPPORT AND CAPACITY BUILDING FOR ALL MEMBERS, AS WELL AS BUILD...

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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 (2025)

Revenue Breakdown

Contributions & Grants $169,337

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $169,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,546

Fundraising Expenses $0

Program Expenses $223,711

Other Expenses $180,165

TOTAL EXPENSES $223,711

Year-over-Year Comparison

	2025	2024	Change
Revenue	$169,337	$247,111	-0.3%
Expenses	$223,711	$102,738	+1.2%
Net Income	$-54,374	$144,373	-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
MICHAEL FREEMAN	TRUSTEE	N/A	Director	$0	$0	$0
LISA HEWITT	TRUSTEE	N/A	Director	$0	$0	$0
JEFF HUNTINGTON	SECRETARY	N/A	Director	$0	$0	$0
ROB LINN	TRUSTEE	N/A	Director	$0	$0	$0
RACHEL NELSON	CHAIR	N/A	Director	$0	$0	$0
WESTON PRINCE	TRUSTEE	N/A	Director	$0	$0	$0
JULIE SORENSON	TREASURER	N/A	Director	$0	$0	$0
KRISTA TROUT-EDWARDS	TRUSTEE	N/A	Director	$0	$0	$0
THOMAS WHITENER	VICE-CHAIR	N/A	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	$169,337	$223,711	$89,999	$-54,374