RISING TIDE COMMUNITY LOAN FUND

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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

2024-07-01 to 2025-06-30

RISING TIDE COMMUNITY LOAN FUND, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $532K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $630K exceeded revenue, resulting in a 18% 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.

Program Service Accomplishments

Program 1

Expenses: $524,748 Revenue: $283,173

THE ORGANIZATION PROVIDES LOANS TO SMALL OR START-UP BUSINESS VENTURES, THAT MAY NOT QUALIFY TO BANK STANDARDS, TO IMPROVE THE SOCIAL WELFARE OF ECONOMICALLY DEPRESSED OR BLIGHTED NEIGHBORHOODS OF...

THE ORGANIZATION PROVIDES LOANS TO SMALL OR START-UP BUSINESS VENTURES, THAT MAY NOT QUALIFY TO BANK STANDARDS, TO IMPROVE THE SOCIAL WELFARE OF ECONOMICALLY DEPRESSED OR BLIGHTED NEIGHBORHOODS OF THE COMMUNITY.MADE LOANS TO 16 DIFFERENT BUSINESS, OF THESE 12 WERE TO BUSIENSSES OWNED BY LOW-TO-MODERATE INCOME INDIVIDUALS AND/OR LOCATED IN LOW-TO-MODERATE INCOME CENSUS TRACTS, 8 WERE MADE TO WOMAN-OWNED BUSINESSES AND 6 WERE MADE TO MINORITY-OWNED BUSINESSES. BUSINESSES THAT RECEIVED LOANS IN 2024-2025 WERE 4 EATERIES, AN ARTIST, A BREWERY, A VENDING COMPANY, A COFFEE SHOPT, A CHILDCARE CENTER, A FILM MAKER, A SHIPPING COMPANY, AN ART STUDIO, A PLANT SHOP, A PERFUME STORE, AND A TRANSPORTATION COMPANY. THE 16 FUNDED BUSINESSES REPORTED THE CREATION OR RETENTION OF 99 JOBS.

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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 $164,333

Program Service Revenue $283,173

Investment Income $84,246

Other Revenue $0

TOTAL REVENUE $531,752

Expense Breakdown

Grants Paid $6,678

Salaries & Benefits $257,986

Fundraising Expenses $42,056

Program Expenses $524,748

Other Expenses $365,304

TOTAL EXPENSES $629,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$531,752	$652,946	-0.2%
Expenses	$629,968	$1,028,854	-0.4%
Net Income	$-98,216	$-375,908	-0.7%

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

$719,921

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
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
ELIZABETH ORTIZ	SECRETARY	2.00	Officer Director	$0	$0	$0
COLLEEN KRCELICH	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL DIAZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID KORMANIK	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSH LAMPE	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM EDWARDS	BOARD MEMBER	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
OTIS MCNEIL	BOARD MEMBER	2.00	Director	$0	$0	$0
PAS SIMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
PAT CORPORA	BOARD MEMBER (THRU 12-24)	2.00	Director	$0	$0	$0
RUSSELL FLETCHER JR	BOARD MEMBER (THRU 11-24)	2.00	Director	$0	$0	$0
SEAN ZILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE BARZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DAWN GODSHALL	EXECUTIVE DIRECTOR	1.00	Officer	$0	$46,384	$227,828
CHRIS HUDOCK	ASSOCIATE EXECUTIVE DIRECT	50.00	Officer	$0	$35,358	$127,813
KATHERINE DUQUE	COO EFF 5-2025	1.00	Officer	$0	$33,633	$106,315
STEPHEN BROOME	CFO THRU 9/24	1.00	Officer	$0	$24,683	$109,773
JESSICA REIMERT	CFO EFF 3-2025	1.00	Officer	$0	$38,409	$148,192

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	$531,752	$629,968	$5,974,641	$-98,216
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