BLUEHUB CAPITAL INC (EIN 043246555) - 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

1994

Legal Domicile

Principal Officer

LISA ZAPPALA

Phone

6174278600

Tax Period

2023-01-01 to 2023-12-31

BLUEHUB CAPITAL INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $754K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 359% operating deficit.

Mission

TO PROVIDE BELOW MARKET RATE CAPITAL TO COMMUNITY BASED ORGANIZATIONS FOR DEVELOPMENT OF AFFORDABLE HOUSING AND TO PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY OR INDIRECTLY BENEFITS LOW INCOME OR DISADVANTAGED PEOPLE OR COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $619

Program Service Revenue $447,830

Investment Income $305,135

Other Revenue $344

TOTAL REVENUE $753,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,623

Fundraising Expenses $91,958

Program Expenses $3,219,141

Other Expenses $3,130,009

TOTAL EXPENSES $3,462,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$753,928	$3,014,300	-0.7%
Expenses	$3,462,632	$3,285,025	+0.1%
Net Income	$-2,708,704	$-270,725	+9.0%

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

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

$2,064,360

Total Directors

$1,598,897

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELYSE CHERRY	CEO & EX-OFFICIO BOARD MEMBER	6.00	Officer Director	$145,687	$117,866	$1,089,108
DEWITT JONES	EXECUTIVE VP & EX-OFFICIO	4.00	Officer Director	$42,600	$83,792	$509,789
CHARLES CLARK	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
SARAH C LINCOLN	TREASURER OF THE BOARD	1.00	Officer Director	$0	$0	$0
REVEREND JAMES WALSH SJ	CLERK OF THE BOARD	1.00	Officer Director	$0	$0	$0
EDWARD DUGGER III	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE GOULD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA MAFFEI	BOARD MEMBER	1.00	Director	$0	$0	$0
MERCEDES TOMPKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTOR R RIVERA	BOARD MEMBER	1.00	Director	$0	$0	$0
REESE FAYDE	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA ZAPPALA	CFO	12.00	Officer	$122,268	$57,904	$465,463
ANDREW KOH	SVP, OPERATIONS	40.00	Highest	$211,464	$91,894	$303,358
MICHAEL NILLES	SVP, COMMERCIAL LENDING, TEAM LEADER	0.00	Highest	$0	$44,274	$322,773
E MATTHEW GAUTIERI	SVP, CONTROLLER	12.00	Highest	$69,380	$85,009	$316,275
KATHRYN MCHUGH	SVP, COMMERCIAL LENDING	0.00	Highest	$0	$45,427	$363,510
BRENDA LOYA	CHIEF OPERATING OFFICER	40.00	Highest	$245,536	$41,330	$286,866

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	No data	No data	No data	No data
2023	$753,928	$3,462,632	$12,694,943	$-2,708,704
2022	$3,014,300	$3,285,025	$16,146,415	$-270,725
2021	$2,089,518	$2,219,315	$18,553,228	$-129,797
2020	$2,123,064	$2,061,875	$21,969,549	$61,189
2019	$3,324,736	$1,042,488	$20,026,527	$2,282,248
2018	$2,405,042	$1,708,331	$18,551,113	$696,711

BLUEHUB CAPITAL INC