NEW HAMPSHIRE COMMUNITY LOAN FUND INC (EIN 222524015) - 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

1983

Legal Domicile

Principal Officer

STEVE SALTZMAN

Phone

6032246669

Tax Period

2024-07-01 to 2025-06-30

NEW HAMPSHIRE COMMUNITY LOAN FUND INC, founded in 1983, is a mid-sized nonprofit that reported $75.1M in total revenue in fiscal year 2024. Revenue surged 168% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.1M, a strong 23% operating margin.

Mission

OUR MISSION IS TO PROVIDE PEOPLE AND COMMUNITIES, IN NEW HAMPSHIRE AND BEYOND, WITH THE FINANCIAL, HUMAN, AND CIVIC RESOURCES THEY NEED TO BE ECONOMICALLY SECURE. WE DO THIS BY PROVIDING LOANS, CAPITAL, AND COACHING TO BORROWERS ACROSS THREE BROAD SECTORS: AFFORDABLE HOUSING, BUSINESS FINANCE, AND COMMUNITY SERVICES; COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS AND PUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TO SOLVE PROBLEMS. ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRST COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION AND IS RECOGNIZED AS A NATIONAL LEADER FOR ITS INNOVATION, SOCIAL IMPACT, FINANCIAL STRENGTH, AND PERFORMANCE. THE COMMUNITY LOAN FUND WAS THE2009 RECIPIENT OF THE NEXT AWARD FOR OPPORTUNITY FINANCE, THE HIGHEST HONOR IN OUR FIELD.

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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 $57,846,893

Program Service Revenue $17,510,006

Investment Income $1,109,826

Other Revenue $-1,414,127

TOTAL REVENUE $75,052,598

Expense Breakdown

Grants Paid $41,795,010

Salaries & Benefits $7,650,476

Fundraising Expenses $476,226

Program Expenses $56,395,651

Other Expenses $8,490,257

TOTAL EXPENSES $57,935,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,052,598	$28,015,351	+1.7%
Expenses	$57,935,743	$20,685,013	+1.8%
Net Income	$17,116,855	$7,330,338	+1.3%

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

$529,694

Total Directors

$293,217

Key Employees

$227,098

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SALTZMAN	PRESIDENT & CEO	40.00	Officer Director	$256,191	$37,026	$293,217
JAMIE RICHARDSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
COLBY MEEHAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHLEEN REARDON	TREASURER (UNTIL 12/24)	1.00	Officer Director	$0	$0	$0
ANDRE GARRON	VICE TREAS./TREASURER (AS OF 12/24)	1.00	Officer Director	$0	$0	$0
JIM KEROUAC	SECRETARY	1.00	Officer Director	$0	$0	$0
LIZ LAROSE	VICE SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL SWACK	EMERITUS	1.00	Director	$0	$0	$0
SID PRABHAKAR	MEMBER	1.00	Director	$0	$0	$0
ALI SEKOU	MEMBER	1.00	Director	$0	$0	$0
DON BRUEGGEMANN	MEMBER	1.00	Director	$0	$0	$0
MARK FICKLE	MEMBER	1.00	Director	$0	$0	$0
JOSEPH GERAKOS	MEMBER	1.00	Director	$0	$0	$0
PAMELA ROTHGABER	MEMBER	1.00	Director	$0	$0	$0
VICTORIA STAUNCHES	MEMBER	1.00	Director	$0	$0	$0
LIONEL LOVELESS	MEMBER	1.00	Director	$0	$0	$0
RUDY GLOCKER	MEMBER	1.00	Director	$0	$0	$0
MAYTE RIVERA	MEMBER (3/25 - 8/25)	1.00	Director	$0	$0	$0
BONNIE SCADOVA	CHIEF FINANCIAL OFFICER	40.00	Officer	$203,794	$32,683	$236,477
SARAH MARCHANT	COO & VP OF ROC-NH	40.00	Key Emp	$182,145	$44,953	$227,098
LUCAS KNOWLES	DIR. SUSTAINABLE FOOD SYSTEMS PROGRAM	40.00	Highest	$170,105	$32,780	$202,885
COREY SANBORN-POTTER	EXECUTIVE VP OF LENDING AND CREDIT	40.00	Highest	$154,677	$10,211	$164,888
KATHARINE COTE	VP OF EXTERNAL RELATIONS	40.00	Highest	$128,551	$23,251	$151,802
KATHLEEN PARADIS	VP OF RESIDENTIAL LENDING & COMPLIANCE	40.00	Highest	$117,515	$38,503	$156,018
KALEIGH BULLOCK	VP OF ORGANIZATIONAL STRATEGY & COMM.	40.00	Highest	$111,863	$18,435	$130,298

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	$75,052,598	$57,935,743	$237,353,910	$17,116,855
2024	$28,015,351	$20,685,013	$220,225,049	$7,330,338
2023	$14,740,663	$12,281,336	$189,182,393	$2,459,327
2022	$15,842,700	$10,930,181	$178,821,408	$4,912,519
2021	$13,877,198	$10,926,761	$176,989,258	$2,950,437
2020	$13,083,236	$12,008,480	$171,883,850	$1,074,756
2019	$15,376,577	$10,760,123	$162,530,967	$4,616,454

NEW HAMPSHIRE COMMUNITY LOAN FUND INC