COMMUNITY REINVESTMENT FOUNDATION XI INC (EIN 351992143) - 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

1996

Legal Domicile

Principal Officer

DAVID COOPER

Phone

3175542100

Tax Period

2023-04-01 to 2024-03-31

COMMUNITY REINVESTMENT FOUNDATION XI INC, founded in 1996, is a small nonprofit that reported $173K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $242K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME SENIORS. OWNS AND OPERATES A 25 UNIT APARTMENT COMMUNITY IN MARION, INDIANA.

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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 $0

Program Service Revenue $173,435

Investment Income $14

Other Revenue $0

TOTAL REVENUE $173,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,265

Fundraising Expenses $0

Program Expenses $242,122

Other Expenses $189,857

TOTAL EXPENSES $242,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,449	$195,407	-0.1%
Expenses	$242,122	$232,811	+0.0%
Net Income	$-68,673	$-37,404	+0.8%

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

N/A

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

$213,303

Total Directors

$213,303

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID COOPER	PRESIDENT	Officer Director	$0	$0	$213,303
TIM SHROUT	DIRECTOR	Director	$0	$0	$0
TIM PAINO	SECRETARY AND TREASURER	Officer Director	$0	$0	$0
ADAM BOCIK	DIRECTOR	Director	$0	$0	$0
WILLIAM TIBBETS	DIRECTOR	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	$173,449	$242,122	$1,221,989	$-68,673
2023	$195,407	$232,811	$1,281,061	$-37,404
2022	$202,960	$239,117	$1,318,417	$-36,157
2021	$193,786	$215,459	$1,350,365	$-21,673
2020	$174,283	$233,011	$1,376,250	$-58,728

COMMUNITY REINVESTMENT FOUNDATION XI INC