AMERITRUST CDC (EIN 205644200) - 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

2007

Legal Domicile

Principal Officer

KIM WILLIS

Phone

4257876100

Tax Period

2023-10-01 to 2024-09-30

AMERITRUST CDC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO OPERATE THE "504" LOAN PROGRAM OF THE SMALL BUSINESS ADMINISTRATION.

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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 $0

Program Service Revenue $1,695,653

Investment Income $12,603

Other Revenue $9,002

TOTAL REVENUE $1,717,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,547,288

Fundraising Expenses $0

Program Expenses $1,543,446

Other Expenses $358,687

TOTAL EXPENSES $1,905,975

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,717,258	$1,747,236	0.0%
Expenses	$1,905,975	$1,978,052	0.0%
Net Income	$-188,717	$-230,816	-0.2%

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

$277,459

Total Directors

$277,459

Key Employees

$193,063

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM WILLIS	BOARD OF DIRECTOR	40.00	Officer Director	$261,886	$15,573	$277,459
MIKE BROWN	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
WADE STRINGFIELD	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
MARK ROGERS	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
JOE BEITLY	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
LAUREN HAWLEY	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
JOHN NELSON	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
MARK WILLIS	KEY EMPLOYEE	40.00	Key Emp	$185,506	$7,557	$193,063
BRETT VEHRS	EMPLOYEE	40.00	Highest	$158,054	$34,797	$192,851
JASON M TYDEMAN	HIGHLY COMPENSATED	40.00	Highest	$153,040	$5,589	$158,629
RYAN VEHRS	CONTROLLER	40.00	Highest	$153,408	$15,923	$169,331
DIANE BLASHILL	HIGHLY COMPENSATED	40.00	Highest	$147,946	$27,831	$175,777

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	$1,717,258	$1,905,975	$1,795,805	$-188,717
2023	$1,747,236	$1,978,052	$1,885,797	$-230,816
2022	$1,694,505	$1,681,742	$1,777,009	$12,763
2021	$1,891,460	$1,586,105	$1,782,225	$305,355
2020	$1,804,350	$1,538,591	$1,981,988	$265,759
2019	$1,640,007	$1,520,963	$1,758,511	$119,044
2018	$1,423,119	$1,370,984	$1,355,860	$52,135

AMERITRUST CDC