MISSION ASSET FUND

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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

JOSE QUINONEZ

Phone

8882744808

Tax Period

2024-01-01 to 2024-12-31

MISSION ASSET FUND, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $9.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $12.7M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO HELP PEOPLE BECOME VISIBLE, ACTIVE, AND SUCCESSFUL IN THEIR FINANCIAL LIVES.

Program Service Accomplishments

Program 1

Expenses: $3,084,483 Revenue: $0

RECOVERY PROGRAM - THE ORGANIZATION LAUNCHED AN UNPARALLELED INITIATIVE SUPPORTING THE FINANCIAL RECOVERY OF IMMIGRANT FAMILIES EXCLUDED FROM FEDERAL COVID-19 RELIEF. TO SUPPORT LONG-TERM FINANCIAL RECOVERY, THE ORGANIZATION LAUNCHED THE IMMIGRANT FAMILIES RECOVERY PROGRAM--A $30 MILLION INITIATIVE PROVIDING GUARANTEED MONTHLY INCOME OF $400 FOR UP TO 24 MONTHS TO 3,000 IMMIGRANT FAMILIES. DESIGNED TO HELP FAMILIES STABILIZE AND REBUILD, THE PROGRAM GOES BEYOND CASH SUPPORT BY INCLUDING ACCESS TO CREDIT-BUILDING PRODUCTS, FINANCIAL EDUCATION, ONE-ON-ONE FINANCIAL COACHING, AND SELF-ADVOCACY TRAINING. THIS HOLISTIC APPROACH ENSURES PARTICIPANTS HAVE THE TOOLS AND RESOURCES TO RECOVER AND THRIVE.

Program 2

Expenses: $2,838,488 Revenue: $0

BUSINESS MICROLOANS - BUILDING ON THE LENDING CIRCLES MODEL, THE ORGANIZATION LAUNCHED A BUSINESS MICROLOAN PROGRAM IN 2012 TO PROVIDE ZERO-INTEREST, CREDIT-BUILDING CAPITAL TO ENTREPRENEURS AND...

BUSINESS MICROLOANS - BUILDING ON THE LENDING CIRCLES MODEL, THE ORGANIZATION LAUNCHED A BUSINESS MICROLOAN PROGRAM IN 2012 TO PROVIDE ZERO-INTEREST, CREDIT-BUILDING CAPITAL TO ENTREPRENEURS AND MICROBUSINESS OWNERS IN THE BAY AREA. ORIGINALLY DESIGNED FOR LENDING CIRCLES GRADUATES, THE PROGRAM HAS EVOLVED TO SERVE ASPIRING AND EXISTING ENTREPRENEURS ACROSS CALIFORNIA, REGARDLESS OF PRIOR PARTICIPATION. THROUGH BUSINESS-SPECIFIC TECHNICAL ASSISTANCE, FINANCIAL COACHING, AND LOANS OF UP TO $2,500, PARTICIPANTS RECEIVE THE TOOLS AND RESOURCES NEEDED TO INVEST IN AND GROW THEIR BUSINESSES. PROGRAM SERVICES ARE ALSO OFFERED THROUGH MYMAF, THE ORGANIZATION'S MOBILE APP, WHICH PROVIDES DIGITAL ACCESS TO FINANCIAL EDUCATION AND COACHING.

Program 3

Expenses: $2,243,144 Revenue: $0

IMMIGRATION LOANS - IN 2017, THE ORGANIZATION EXPANDED ITS PROGRAM OFFERINGS TO INCLUDE A ZERO-INTEREST IMMIGRATION LOAN PROGRAM AND SCHOLARSHIPS TO HELP INDIVIDUALS COVER THE COST OF KEY IMMIGRATION PROCESSES, SUCH AS CITIZENSHIP, DACA, AND GREEN CARD APPLICATIONS. TO MEET THE EVOLVING NEEDS OF IMMIGRANT COMMUNITIES, THE PROGRAM NOW OFFERS A SLIDING SCALE OF CREDIT-BUILDING LOANS, AS WELL AS PARTIAL AND FULL GRANTS TO COVER FEES FOR SEVEN USCIS APPLICATION TYPES. LOAN FLEXIBILITY AND SUPPORT SERVICES ARE CORE TO ENSURING PARTICIPANTS CAN PURSUE IMMIGRATION RELIEF WITHOUT SACRIFICING FINANCIAL STABILITY.

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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 $8,472,081

Program Service Revenue $273,393

Investment Income $954,994

Other Revenue $5,192

TOTAL REVENUE $9,705,660

Expense Breakdown

Grants Paid $3,390,073

Salaries & Benefits $6,149,172

Fundraising Expenses $494,234

Program Expenses $11,123,928

Other Expenses $3,170,570

TOTAL EXPENSES $12,709,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,705,660	$8,886,025	+0.1%
Expenses	$12,709,815	$20,173,222	-0.4%
Net Income	$-3,004,155	$-11,287,197	-0.7%

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

$953,038

Total Directors

Key Employees

$233,396

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE KRIMM	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH IRONS SEEM	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHAN WALDSTROM	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
SAGAR SHAH	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
JORGE BLANDON	BOARD MEMBER	1.00	Director	$0	$0	$0
MONICA ISSAR	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL LAU	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA LEGGETT	BOARD MEMBER	1.00	Director	$0	$0	$0
ASH MCNEELY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA STUHLDREHER	BOARD MEMBER	1.00	Director	$0	$0	$0
SALVADOR TORRES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSE QUINONEZ	FOUNDER & CEO	40.00	Officer	$346,853	$51,348	$398,201
DANIELA SALAS	CO-FOUNDER & COO	40.00	Officer	$320,721	$56,240	$376,961
MACKENZIE GARCIA-FAZENBAKER	FINANCE & COMPLIANCE DIRECTOR	40.00	Officer	$142,268	$35,608	$177,876
JOANNA CORTEZ HERNANDEZ	CHIEF INNOVATIONS OFFICER	40.00	Key Emp	$209,230	$24,166	$233,396
HELENA SANCHEZ-SILVA GARIJO	PROGRAMS DIRECTOR	40.00	Highest	$166,142	$21,931	$188,073
DORIS VASQUEZ CLAVEL	PROGRAMS MANAGER	40.00	Highest	$150,138	$30,348	$180,486
ARVIND BALA	R&D DIRECTOR	40.00	Highest	$157,412	$19,575	$176,987
EFRAIN SEGUNDO	PARTNERSHIPS DIRECTOR	40.00	Highest	$146,590	$21,026	$167,616
JENNIFER BROOKS	FOUNDER & CEO - THE NURTURE BUSINESS	40.00	Highest	$153,883	$7,869	$161,752

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	$9,705,660	$12,709,815	$26,969,177	$-3,004,155
2023	$8,886,025	$20,173,222	$31,396,965	$-11,287,197
2023	$8,886,025	$20,173,222	$31,396,965	$-11,287,197
2022	$9,021,043	$20,000,045	$43,085,680	$-10,979,002
2021	$57,826,731	$21,709,114	$54,523,090	$36,117,617
2020	$41,604,479	$33,416,819	$17,787,866	$8,187,660
2019	$5,786,910	$4,239,628	$8,409,942	$1,547,282
2018	$5,680,938	$4,471,951	$6,982,429	$1,208,987