HARTFORD COMMUNITY LOAN FUND INC (EIN 061423598) - 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

MICHAEL B HAYNES

Phone

8602967005

Tax Period

2024-07-01 to 2025-06-30

HARTFORD COMMUNITY LOAN FUND INC, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.8M left a modest 5% surplus.

Mission

TO PROVIDE AND PROMOTE JUST AND AFFORDABLE FINANCIAL SERVICES THAT BENEFIT LOW-WEALTH RESIDENTS OF THE COMMUNITIES SERVED BY HCLF.

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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 $618,757

Program Service Revenue $994,724

Investment Income $290,780

Other Revenue $-42,164

TOTAL REVENUE $1,862,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,146,551

Fundraising Expenses $0

Program Expenses $1,315,790

Other Expenses $622,039

TOTAL EXPENSES $1,768,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,862,097	$2,140,887	-0.1%
Expenses	$1,768,590	$1,445,828	+0.2%
Net Income	$93,507	$695,059	-0.9%

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

$83,430

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA EMANUEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS WOOD	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY HULTQUIST	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
LYLE FULTON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DELLATORRE	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF PERSON	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN SINGERMAN	DIRECTOR	1.00	Director	$0	$0	$0
AARON GILL	DIRECTOR	1.00	Director	$0	$0	$0
RICARDO VIDAL	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE T MACKINNON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL B HAYNES	CEO EFFECTIVE 7.8.24	40.00	Officer	$74,456	$8,974	$83,430
REX FOWLER	FORMER CEO THRU 7.7.24	40.00		$111,662	$11,747	$123,409

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	$1,862,097	$1,768,590	$24,714,062	$93,507
2024	$2,140,887	$1,445,828	$26,158,647	$695,059
2023	$1,607,645	$1,529,910	$17,468,701	$77,735
2022	$2,492,245	$1,359,570	$15,357,554	$1,132,675
2021	$1,503,605	$1,112,832	$14,989,124	$390,773
2020	$1,171,740	$1,436,049	$12,886,983	$-264,309
2019	$1,048,138	$1,271,836	$13,082,328	$-223,698
2018	$1,637,340	$999,686	$13,122,410	$637,654

HARTFORD COMMUNITY LOAN FUND INC