RISING TIDE COMMUNITY LOAN FUND (EIN 233079170) - 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

2001

Legal Domicile

Principal Officer

DAWN GODSHALL

Phone

6106915620

Tax Period

2023-07-01 to 2024-06-30

RISING TIDE COMMUNITY LOAN FUND, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $653K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 58% operating deficit.

Mission

THE ORGANIZATION PROVIDES LOANS TO SMALL OR START-UP BUSINESS VENTURES, THAT MAY NOT QUALIFY TO BANK STANDARDS THEREBY IMPROVING ECONOMICALLY DEPRESSED 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 $317,408

Program Service Revenue $236,025

Investment Income $99,513

Other Revenue $0

TOTAL REVENUE $652,946

Expense Breakdown

Grants Paid $2,722

Salaries & Benefits $289,852

Fundraising Expenses $47,135

Program Expenses $889,463

Other Expenses $736,280

TOTAL EXPENSES $1,028,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	$652,946	$955,580	-0.3%
Expenses	$1,028,854	$812,180	+0.3%
Net Income	$-375,908	$143,400	-3.6%

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

$401,075

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN GODSHALL	EXECUTIVE DIRECTOR	1.00	Officer	$0	$30,511	$206,392
CHRIS HUDOCK	ASSOCIATE EXECUTIVE DIRECTOR	50.00	Officer	$0	$32,019	$121,485
STEPHEN BROOME	DEPUTY EXECUTIVE DIRECTOR-FINANCE	1.00	Officer	$0	$0	$73,198
OTIS MCNEIL	PRESIDENT (THRU 12/23)	2.00	Officer Director	$0	$0	$0
SALLY HANDLON	PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD WATKINS	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID HAMMER	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS JONES	SECRETARY (THRU 12/23)	2.00	Officer Director	$0	$0	$0
ELIZABETH ORTIZ	SECRETARY	2.00	Officer Director	$0	$0	$0
WAYNE BARZ	BOARD MEMBER	2.00	Director	$0	$0	$0
PAT CORPORA	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL DIAZ	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM EDWARDS	BOARD MEMBER	2.00	Director	$0	$0	$0
RUSSELL FLETCHER JR	BOARD MEMBER	2.00	Director	$0	$0	$0
COLLEEN KRCELICH	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSH LAMPE	BOARD MEMBER	2.00	Director	$0	$0	$0
GINA MASSOTO	BOARD MEMBER (THRU 2/24)	2.00	Director	$0	$0	$0
LAUREN TAROLA	BOARD MEMBER	2.00	Director	$0	$0	$0
MAREK TOMANEK	BOARD MEMBER	2.00	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
2024	$652,946	$1,028,854	$6,222,255	$-375,908
2023	$955,580	$812,180	$6,802,134	$143,400
2022	$8,811,127	$8,165,963	$5,943,913	$645,164
2021	$1,491,680	$807,454	$12,913,298	$684,226
2020	$647,498	$397,354	$4,526,228	$250,144
2019	$369,866	$351,844	$4,269,461	$18,022
2018	$439,337	$377,587	$3,843,287	$61,750

RISING TIDE COMMUNITY LOAN FUND