PACE FINANCE CORPORATION (EIN 271285566) - 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

2009

Legal Domicile

Principal Officer

KERRY N DOI

Phone

2133533982

Tax Period

2023-01-01 to 2023-12-31

PACE FINANCE CORPORATION, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $229K, a strong 16% operating margin.

Mission

TO PROVIDE FINANCIAL SERVICES AND PRODUCTS TO LOW AND MODERATE INCOME 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 $942,357

Program Service Revenue $466,577

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,408,934

Expense Breakdown

Grants Paid $410,000

Salaries & Benefits $480,719

Fundraising Expenses $0

Program Expenses $1,059,129

Other Expenses $288,985

TOTAL EXPENSES $1,179,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,408,934	$4,424,340	-0.7%
Expenses	$1,179,704	$1,437,374	-0.2%
Net Income	$229,230	$2,986,966	-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

N/A

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

$699,427

Total Directors

$699,427

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY DOI	PRESIDENT	2.00	Officer Director	$0	$10,365	$433,363
WILLIAM CHUN	CFO	2.00	Officer Director	$0	$20,431	$266,064
JON MAYEDA	SECRETARY	2.00	Officer Director	$0	$0	$0
NEIL YONEJI	DIRECTOR	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	No data	No data	No data	No data
2023	$1,408,934	$1,179,704	$18,578,108	$229,230
2022	$4,424,340	$1,437,374	$17,367,891	$2,986,966
2021	$2,494,562	$1,182,247	$14,898,590	$1,312,315
2020	$1,518,931	$531,281	$12,251,122	$987,650
2019	$7,052,015	$432,215	$11,460,986	$6,619,800
2018	$1,156,151	$433,053	$4,272,068	$723,098

PACE FINANCE CORPORATION