CREDIT INC (EIN 133790222) - 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

1981

Legal Domicile

Principal Officer

KAREN GEER

Phone

7182923113

Tax Period

2022-04-01 to 2023-03-31

Mission

CREDIT INC. IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WHOSE MISSION IS TO INCREASE ACCESS TO CREDIT FOR SMALL BUSINESSES IN THE SOUTH BRONX THROUGH INNOVATIVE FINANCIAL PRODUCTS AND SERVICES AND TO ADVANCE THE ECONOMIC WELL-BEING OF RESIDENTS AND BUSINESSES THROUGH FINANCIAL LITERACY EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,416

Fundraising Expenses $0

Program Expenses $41,746

Other Expenses $38,069

TOTAL EXPENSES $42,485

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$25,000	-1.0%
Expenses	$42,485	$68,369	-0.4%
Net Income	N/A	$-43,369	N/A

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

N/A

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

$541,714

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK L CASTLE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ARLINE PARKS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN MCGUINNESS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY M RICCIO JR	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK WILLIS	TREASURER	1.00	Director	$0	$0	$0
TIFFANI HINDS	BOARD MEMBER	1.00	Director	$0	$0	$0
MAYRA LINARES-GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
HUGH GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
PLINIO AYALA	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BILL BOLLINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
CONOR MCCARTHY	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER RIVERA	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA NIA ROCK	BOARD MEMBER	1.00	Director	$0	$0	$0
PRISCA SALAZAR-RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LOURDES ZAPATA	PRESIDENT & CEO	3.00	Officer	$0	$38,748	$283,801
DELILAH TYSON	CAO	3.00	Officer	$0	$42	$135,561
ROBBIN FINNEY-GRANSTON	CFO	3.00	Officer	$0	$19,367	$122,352

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
2023	No data	$42,485	$78,931	No data
2022	$25,000	$68,369	$79,171	$-43,369

CREDIT INC