THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC (EIN 061380472) - 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

1993

Legal Domicile

Principal Officer

KAREN MACIOROWSKI

Phone

2032352333

Tax Period

2023-01-01 to 2023-12-31

THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 8% surplus.

Mission

STRENGTHEN NEIGHBORHOOD ECONOMIES BY PROVIDING FLEXIBLE FINANCING/ TECHNICAL SUPPORT TO BUSINESSES IN LOW TO MODERATE INCOME COMMUNITIES OR WITH LOW TO MODERATE INCOME HOUSEHOLDS.

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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 $903,666

Program Service Revenue $1,228,968

Investment Income $301,308

Other Revenue $0

TOTAL REVENUE $2,433,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,510,574

Fundraising Expenses $46,962

Program Expenses $1,495,530

Other Expenses $738,929

TOTAL EXPENSES $2,249,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,433,942	$2,219,165	+0.1%
Expenses	$2,249,503	$2,035,384	+0.1%
Net Income	$184,439	$183,781	+0.0%

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

$417,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CANTOR	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KIM HEALEY	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK NOLAN	TREASURER	1.00	Officer Director	$0	$0	$0
FRANK MAC HUGH	SECRETARY	1.00	Officer Director	$0	$0	$0
ANA ALFARO	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR CARL MCCLUSTER	DIRECTOR	1.00	Director	$0	$0	$0
COMMISSIONER JORGE PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
TED MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MALLOY	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE HAWES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JEPSON JR	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON STANDISH PLIMPTON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BZDYRA	PRESIDENT/CEO	40.00	Officer	$211,395	$25,813	$237,208
KAREN MACIOROWSKI	VP/CFO	40.00	Officer	$172,089	$8,548	$180,637

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	$2,433,942	$2,249,503	$20,904,533	$184,439
2022	$2,219,165	$2,035,384	$20,499,835	$183,781
2021	$2,229,141	$2,001,342	$21,016,441	$227,799
2020	$1,722,719	$1,722,625	$19,959,783	$94
2019	$1,868,404	$1,778,267	$19,913,291	$90,137
2018	$1,711,220	$1,747,395	$19,424,088	$-36,175

THE COMMUNITY ECONOMIC DEVELOPMENT FUND FOUNDATION INC