THE REINVESTMENT FUND INC (EIN 232331946) - 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

1985

Legal Domicile

Principal Officer

DONALD HINKLE-BROWN

Phone

2155745800

Tax Period

2023-01-01 to 2023-12-31

THE REINVESTMENT FUND INC, founded in 1985, is a mid-sized nonprofit in the Community Improvement sector that reported $78.0M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.7M, a strong 34% operating margin.

Mission

THE REINVESTMENT FUND, INC. CREATES OPPORTUNITY FOR UNDERSERVED PEOPLE AND PLACES THROUGH PARTNERSHIPS. IT MARSHALS THE CAPITAL, ANALYTICS, AND EXPERTISE NECESSARY TO BUILD STRONG, HEALTHY, AND MORE EQUITABLE COMMUNITIES.

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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 $38,276,469

Program Service Revenue $35,403,711

Investment Income $2,527,001

Other Revenue $1,837,583

TOTAL REVENUE $78,044,764

Expense Breakdown

Grants Paid $15,057,654

Salaries & Benefits $15,250,831

Fundraising Expenses $294,295

Program Expenses $39,837,108

Other Expenses $20,889,004

TOTAL EXPENSES $51,306,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,044,764	$54,478,225	+0.4%
Expenses	$51,306,065	$40,371,633	+0.3%
Net Income	$26,738,699	$14,106,592	+0.9%

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

112

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

$3,059,590

Total Directors

Key Employees

$272,809

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAUL BEHAR	BOARD CHAIR, COMPENSATION COMMITTEE	3.00	Officer Director	$0	$0	$0
CYNTHIA FIGUEROA	BOARD MEMBER	1.50	Director	$0	$0	$0
DANIEL HAYES	BOARD MEMBER	2.00	Director	$0	$0	$0
DUDLEY BENOIT	BOARD MEMBER, FINANCE COMMITTEE CHAIR	1.50	Officer Director	$0	$0	$0
IVY CARTER-DENCH	BOARD MEMBER	1.50	Director	$0	$0	$0
KATHY O'REGAN	BOARD MEMBER	1.50	Director	$0	$0	$0
LISA DETWEILER	BOARD MEMBER, AUDIT COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
MARLAND BUCKNER	BOARD MEMBER	1.50	Director	$0	$0	$0
MELISSA WEILER GERBER	BOARD MEMBER	1.50	Director	$0	$0	$0
MICHAEL DAVIS	BOARD MEMBER, GOVERNANCE COMMITTEE CHAIR	2.00	Officer Director	$0	$0	$0
PHYLLIS CATER	BOARD MEMBER	1.50	Director	$0	$0	$0
RAQUEL FAVELA	BOARD MEMBER	1.50	Director	$0	$0	$0
RAYMOND SKINNER	BOARD MEMBER, LOAN COMMITTEE CHAIR	1.50	Officer Director	$0	$0	$0
SANDEEP WADHWA	BOARD MEMBER	1.50	Director	$0	$0	$0
VICKI LUNDY-WILBON	BOARD MEMBER	1.50	Director	$0	$0	$0
WENDELL PRITCHETT	BOARD MEMBER	1.50	Director	$0	$0	$0
AMANDA HIGH	CHIEF STRATEGY OFFICER	37.50	Officer	$356,736	$34,819	$391,555
CHEILA FERNANDEZ	COO & CORPORATE SECRETARY	37.50	Officer	$337,321	$85,006	$422,327
DONALD HINKLE-BROWN	PRESIDENT & CEO	37.50	Officer	$644,076	$62,075	$706,151
MICHAEL M CRIST	OUTGOING-CFO	37.50	Officer	$261,574	$36,174	$297,748
NANCY WAGNER-HISLIP	OUTGOING-CHIEF INVESTMENT OFFICER	37.50	Officer	$296,894	$43,028	$339,922
RHONDA SMITH	ASSISTANT CORPORATE SECRETARY	37.50	Officer	$127,264	$36,605	$163,869
CHRISTINA SZCZEPANSKI	PRESIDENT, LENDING & INVESTMENTS	37.50	Officer	$348,716	$49,661	$398,377
KAREEM THOMAS	CHIEF CREDIT OFFICER	37.50	Officer	$254,399	$85,242	$339,641
SARA VERNON STERMAN	CHIEF PROGRAMS OFFICER	37.50	Key Emp	$253,399	$19,410	$272,809
EMILY DOWDALL	PRESIDENT, POLICY SOLUTIONS	37.50	Highest	$220,241	$40,735	$260,976
TIMOTHY GILLESPIE	TREASURER	37.50	Highest	$223,598	$56,372	$279,970
IRA GOLDSTEIN	SENIOR ADVISOR, POLICY SOLUTIONS	37.50	Highest	$352,585	$43,049	$395,634
TRACY MURRAY MOORE	CHIEF HUMAN RESOURCES OFFICER	37.50	Highest	$279,248	$69,865	$349,113
TRACY PETROFSKY	SENIOR DIRECTOR, OPERATIONS STRATEGIC PRIORITIES	22.50	Highest	$252,599	$20,776	$273,375

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	No data	No data	No data	No data
2023	$78,044,764	$51,306,065	$669,610,468	$26,738,699
2022	$54,478,225	$40,371,633	$609,720,317	$14,106,592
2021	$44,624,452	$36,009,679	$609,259,384	$8,614,773
2020	$76,263,402	$39,904,589	$630,963,967	$36,358,813
2019	$38,375,216	$31,859,105	$568,646,996	$6,516,111
2018	$53,008,314	$37,924,894	$583,355,846	$15,083,420

THE REINVESTMENT FUND INC