PENNSYLVANIA CDFI NETWORK (EIN 232920364) - 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

1997

Legal Domicile

Principal Officer

VARSOVIA FERNANDEZ

Tax Period

2024-07-01 to 2025-06-30

PENNSYLVANIA CDFI NETWORK, founded in 1997, is a mid-sized nonprofit in the Community Improvement sector that reported $19.6M in total revenue in fiscal year 2024. Expenses of $16.7M left a modest 15% surplus.

Mission

THE PA CDFI NETWORK IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES OF PROVIDING INFORMATION, ADVICE AND NECESSARY FINANCIAL ASSISTANCE TO FEDERALLY-CERTIFIED (CONTINUED ON SCHEDULE O)

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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 $19,521,509

Program Service Revenue $0

Investment Income $51,734

Other Revenue $0

TOTAL REVENUE $19,573,243

Expense Breakdown

Grants Paid $15,766,746

Salaries & Benefits $418,451

Fundraising Expenses $0

Program Expenses $16,475,221

Other Expenses $505,657

TOTAL EXPENSES $16,690,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,573,243	$18,368,769	+0.1%
Expenses	$16,690,854	$17,800,737	-0.1%
Net Income	$2,882,389	$568,032	+4.1%

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

$442,970

Total Directors

$221,485

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL BETANCOURT	CHAIRMAN	1.00	Officer Director	$215,500	$5,985	$221,485
VARSOVIA FERNANDEZ	CEO	45.00	Officer	$215,500	$5,985	$221,485
CHRIS HUDOCK 62025	SECRETARY	1.00	Officer Director	$0	$0	$0
IAN LAWRENCE 72024	ASST. SECRET	1.00	Officer Director	$0	$0	$0
LESLIE BENOLIEL	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES BURNETT	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
MICHELE CLAPPER	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID KAHLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARK MASTERSON	SECOND VICE	1.00	Officer Director	$0	$0	$0
EVELYN SMALLS	DIRECTOR	1.00	Director	$0	$0	$0

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	$19,573,243	$16,690,854	$4,466,187	$2,882,389
2024	$18,368,769	$17,800,737	$4,170,892	$568,032
2024	$18,368,769	$17,800,737	$4,170,892	$568,032
2023	$17,412,624	$17,336,132	$1,280,928	$76,492
2022	$13,231,920	$13,145,735	$12,721,223	$86,185
2021	$287,126,675	$286,344,995	$1,079,677	$781,680

PENNSYLVANIA CDFI NETWORK