INCLUSIV INC

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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

1974

Legal Domicile

Principal Officer

EBEN SHEAFFER

Phone

2128091850

Tax Period

2023-01-01 to 2023-12-31

INCLUSIV INC, founded in 1974, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $11.9M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $1.8M, a strong 15% operating margin.

Mission

THE MISSION OF INCLUSIV IS TO HELP LOW- AND MODERATE-INCOME PEOPLE AND COMMUNITIES ACHIEVE FINANCIAL INDEPENDENCE THROUGH CREDIT UNIONS.

Program Service Accomplishments

Program 1

Expenses: $993,304 Revenue: $1,155,337

INCLUSIV CAPITAL PROVIDES CAPITAL TO MEMBER CDCUS THROUGH UNINSURED SUBORDINATED DEBT LOANS AND INSURED NONMEMBER DEPOSITS.

Program 2

Expenses: $982,761 Revenue: $1,499,624

CDCU MORTGAGE CENTER LLC IS A WHOLLY OWNED SUBSIDIARY ESTABLISHED TO PURCHASE AFFORDABLE MORTGAGES FROM MEMBER CREDIT UNIONS, ENABLING THEM TO RECYCLE THEIR CAPITAL, MANAGE THEIR BALANCE SHEETS, AND...

Program 3

Expenses: $1,089,135

INCLUSIV/BLACK COMMUNITIES, INCLUDING THE RESILIENCE FUND. INCLUSIV/BLACK COMMUNITIES IS A PROGRAM FOR SMALL AND FAITH-BASED CREDIT UNIONS SERVING PREDOMINANTLY AFRICAN AMERICAN COMMUNITIES. THE...

INCLUSIV/BLACK COMMUNITIES, INCLUDING THE RESILIENCE FUND. INCLUSIV/BLACK COMMUNITIES IS A PROGRAM FOR SMALL AND FAITH-BASED CREDIT UNIONS SERVING PREDOMINANTLY AFRICAN AMERICAN COMMUNITIES. THE RESILIENCE FUND IS A GRANT FUND TO SUPPORT CREDIT UNIONS SERVING COMMUNITIES OF COLOR DISPROPORTIONATELY AFFECTED BY THE CORONAVIRUS PANDEMIC. THROUGH THE RESILIENCE FUND, INCLUSIV DISTRIBUTES GRANT SUPPORT TO MINORITY DEPOSITORY INSTITUTIONS (MDIS) UNDER $100 MILLION IN ASSETS.

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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 $7,008,776

Program Service Revenue $4,871,236

Investment Income $14,597

Other Revenue $41,058

TOTAL REVENUE $11,935,667

Expense Breakdown

Grants Paid $949,250

Salaries & Benefits $4,915,737

Fundraising Expenses $131,617

Program Expenses $8,833,055

Other Expenses $4,254,838

TOTAL EXPENSES $10,119,825

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,935,667	$12,847,743	-0.1%
Expenses	$10,119,825	$8,604,317	+0.2%
Net Income	$1,815,842	$4,243,426	-0.6%

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

$764,540

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AURELIO ARROYA GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
BLANCHE L JACKSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DIANE SANDOVAL-GRIEGO	DIRECTOR	1.00	Director	$0	$0	$0
ED SIVAK	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
HANK HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
JACK LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JAMA HAYES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF IVEY	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CHARTIER	DIRECTOR	1.00	Director	$0	$0	$0
LUIS PASTOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE FRANQUI BAQUERO	DIRECTOR	1.00	Director	$0	$0	$0
NEREIDA SEDA VARGAS	TREASURER	1.00	Officer Director	$0	$0	$0
ROBIN ROMANO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CATHLEEN MAHON	PRESIDENT/CEO	40.00	Officer	$285,060	$21,550	$306,610
EBEN SHEAFFER	CFO/CIO	40.00	Officer	$238,314	$19,117	$257,431
PAMELA OWENS	VICE PRESIDENT	40.00	Officer	$171,436	$29,063	$200,499
ALEXIS IWANISZIW	SVP POLICY & COMMUNICATIONS	40.00	Highest	$152,410	$21,830	$174,240
ANDREA LALLY	VP NETWORK ENGAGEMENT	40.00	Highest	$128,280	$30,078	$158,358
NEDA ARABSHAHI	SVP CENTER FOR RESILIENCY	40.00	Highest	$143,837	$28,131	$171,968
PABLO DEFILIPPI	SVP NETWORK DEVELOPMENT	40.00	Highest	$212,952	$21,561	$234,513
SUSANNE JAMES	SVP OF CAPITAL	40.00	Highest	$178,502	$2,376	$180,878

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	$11,935,667	$10,119,825	$72,784,355	$1,815,842
2022	$12,847,743	$8,604,317	$97,622,121	$4,243,426
2021	$11,675,064	$7,829,459	$81,962,812	$3,845,605
2020	$8,231,612	$6,486,141	$51,995,198	$1,745,471
2019	$7,029,049	$5,635,794	$45,172,640	$1,393,255
2018	$4,725,698	$5,183,050	$39,404,925	$-457,352