VisionFund International

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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

2003

Legal Domicile

Phone

6263038811

Tax Period

2023-10-01 to 2024-09-30

VisionFund International, founded in 2003, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $32.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $5.5M, a strong 17% operating margin.

Mission

VisionFund International (VFI) was established for the purpose of supporting World Vision International (WVI) by coordinating and providing funding to World Vision - affiliated microfinance institutions (MFIs) located in developing countries. The primary activity of the MFIs is to provide small loans to individuals and groups who lack access to normal banking facilities & commercially oriented microfinance services aiming to alleviate poverty and stimulate the creation of employment opportunities for the poor.

Program Service Accomplishments

Program 1

Expenses: $18,817,558 Revenue: $17,407,148

Micro-enterprise lending - VisionFund International extends loans to affiliated microfinance institutions (MFIs) located in underdeveloped countries as part of World Vision International's global...

Micro-enterprise lending - VisionFund International extends loans to affiliated microfinance institutions (MFIs) located in underdeveloped countries as part of World Vision International's global ministry of aiding people to alleviate poverty and better their lives. At September 30, 2024, the net loans to MFIs totaled $102,913,663 compared to $102,766,858 at the end of Fiscal Year 2023.

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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 $15,210,687

Program Service Revenue $3,597,272

Investment Income $12,937,690

Other Revenue $872,185

TOTAL REVENUE $32,617,834

Expense Breakdown

Grants Paid $7,349,500

Salaries & Benefits $10,543,850

Fundraising Expenses $880,034

Program Expenses $18,817,558

Other Expenses $9,266,423

TOTAL EXPENSES $27,159,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,617,834	$34,652,143	-0.1%
Expenses	$27,159,773	$25,843,697	+0.1%
Net Income	$5,458,061	$8,808,446	-0.4%

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

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

$1,175,261

Total Directors

$1,590,239

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edgar S Martinez	President and CEO	40.0	Officer Director	$298,494	$44,820	$343,314
James Bere Jr	Board Chairman	4.0	Officer Director	$0	$0	$0
Suanne DeBoer Miedema	Board of Director	1.0	Officer Director	$0	$0	$0
Tiffany T F Huang	Board Vice-Chairperson	1.0	Officer Director	$0	$0	$0
Andrew Morley	Board of Director	1.0	Director	$0	$5,095	$615,848
Chris Glynn	Board of Director	1.0	Director	$0	$0	$0
Dennis Weibling	Board of Director	1.0	Director	$0	$0	$0
Emma Osborne	Board of Director	1.0	Director	$0	$0	$0
Jean Baptiste Kamate	Board of Director	1.0	Director	$0	$26,744	$351,452
Katherine Lam	Board of Director	1.0	Director	$0	$0	$0
Luis Hermosa	Board of Director	1.0	Director	$0	$0	$0
Petronella Chigara Dhitima	Board of Director	1.0	Director	$0	$0	$0
Stephen Lockley	Board of Director	1.0	Director	$0	$20,862	$279,625
Elisabeth Madden	CFO	40.0	Officer	$53,685	$5,368	$59,053
Elizabeth Haegelin	Assistant Secretary	1.0	Officer	$0	$28,955	$189,740
John Chamberlain	Finance Operations and Transformation Director	40.0	Officer	$121,865	$9,734	$131,599
Matthew Harvey	Secretary	20.0	Officer	$0	$17,740	$179,954
Tim Burgett	Assistant Secretary	1.0	Officer	$0	$56,096	$271,601
Adrian Merryman	Chief Business Development Officer	40.0	Highest	$152,078	$33,946	$186,024
Miyon Kautz	Global Director of Marketing and Engagement	40.0	Highest	$136,988	$22,609	$159,597
Ricardo Calvo	Regional Head, LACRO	40.0	Highest	$142,943	$25,217	$168,160
Richard Reynolds	Institutional Development Director	40.0	Highest	$150,870	$35,938	$186,808
Sally O'Neil	Chief of Strategy	40.0	Highest	$153,394	$15,321	$168,715

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	$32,617,834	$27,159,773	$235,576,203	$5,458,061
2023	$34,652,143	$25,843,697	$214,971,191	$8,808,446
2022	$21,489,900	$23,782,175	$216,609,007	$-2,292,275
2021	$28,379,048	$21,524,621	$247,513,230	$6,854,427
2020	$33,311,074	$25,934,592	$255,530,649	$7,376,482