COMMUNITY INVESTMENT CORPORATION

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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

1973

Legal Domicile

Principal Officer

LOUIS SILVA

Phone

2037766172

Tax Period

2024-10-01 to 2025-09-30

COMMUNITY INVESTMENT CORPORATION, founded in 1973, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROMOTE ECONOMIC GROWTH AND COMMUNITY DEVELOPMENT THROUGHOUT CONNECTICUT, RHODE ISLAND AND THE COMMONWEALTH OF MASSACHUSETTS BY PROVIDING FINANCIAL ASSISTANCE TO QUALIFIED SMALL BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $2,003,615 Revenue: $2,367,137

PROMOTED ECONOMIC GROWTH AND COMMUNITY DEVELOPMENT THROUGHOUT CONNECTICUT, RHODE ISLAND AND THE COMMONWEALTH OF MASSACHUSETTS BY PROVIDING FINANCIAL ASSISTANCE TO QUALIFIED SMALL BUSINESSES. DURING THE FISCAL YEAR, THE ORGANIZATION HAD LOANS OUTSTANDING TOTALING $13,783,160. IN ADDITION, THE ORGANIZATION SERVICES AN SBA 504 LOAN PORTFOLIO OF $148,737,157.

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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 $356,662

Program Service Revenue $2,367,137

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,723,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,758,312

Fundraising Expenses $0

Program Expenses $2,003,615

Other Expenses $1,324,171

TOTAL EXPENSES $3,082,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,723,799	$2,965,224	-0.1%
Expenses	$3,082,483	$2,935,308	+0.1%
Net Income	$-358,684	$29,916	-13.0%

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

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

$434,759

Total Directors

Key Employees

$189,463

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY BERGSTROM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARY MURPHY	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD IOVANNE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOHN A MATTHEWS	DIRECTOR	2.00	Director	$0	$0	$0
SHARON BRUNE	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
DAMARIS GARCIA	DIRECTOR	2.00	Director	$0	$0	$0
MARK DUCLOS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PAZ	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS EDGE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BURKE	SECRETARY	2.00	Officer Director	$0	$0	$0
RANDY KABAKOFF	DIRECTOR	2.00	Director	$0	$0	$0
DARRIN DELLAVECCHIA	DIRECTOR	2.00	Director	$0	$0	$0
LOUIS SILVA	PRESIDENT	40.00	Officer	$222,063	$32,017	$254,080
MICHELLE MEZZI	SVP/CFO	40.00	Officer	$153,747	$26,932	$180,679
RICHARD EVANS	SVP/ LOAN OFFICER	40.00	Key Emp	$154,040	$35,423	$189,463
CHARLES HARRIS	VP/ LOAN OFFICER	40.00	Highest	$115,817	$0	$115,817

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	$2,723,799	$3,082,483	$13,775,156	$-358,684
2024	$2,965,224	$2,935,308	$14,693,437	$29,916
2023	$2,852,728	$2,656,645	$13,645,291	$196,083
2022	$4,160,797	$2,414,901	$12,691,886	$1,745,896
2021	$4,249,265	$2,400,489	$10,940,927	$1,848,776
2020	$2,179,084	$2,264,305	$9,616,301	$-85,221
2019	$2,396,564	$2,112,548	$9,119,546	$284,016
2018	$2,065,670	$2,037,901	$7,924,195	$27,769