COMMUNITY LENDINGWORKS

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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

2011

Legal Domicile

Principal Officer

EMILY REIMAN

Phone

5413457106

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY LENDINGWORKS, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $723K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 80% operating deficit.

Mission

COMMUNITY LENDINGWORKS IS A DEVNW AFFILIATE NONPROFIT CORPORATION THAT HELPS PEOPLE MOVE OUT OF POVERTY AND INTO THE FINANCIAL MAINSTREAM. WE DO THIS BY DEVELOPING CUSTOMIZED FINANCIAL TOOLS TO HELP PEOPLE WORK THEIR WAY TOWARD FINANCIAL STABILITY, AND BY FINANCING COMMUNITY AND ECONOMIC DEVELOPMENT, HEALTHY FOOD ACCESS, AND REAL ESTATE PROJECTS IN DISTRESSED NEIGHBORHOODS. OUR PRIMARY AIM IS TO SERVE INDIVIDUALS AND FAMILIES WHO LACK THE FINANCIAL ACUMEN AND RESOURCES TO BUILD THE ASSETS THEY NEED IN ORDER TO BREAK THEIR CYCLE OF POVERTY FOR THEMSELVES AND THEIR CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $1,091,356 Revenue: $593,751

COMMUNITY LENDINGWORKS PROVIDES LOW-INCOME PEOPLE WITH AFFORDABLE CUSTOMIZABLE LOANS TO HELP THEM BUILD FINANCIAL STABILITY. THIS RESOURCE ALLOWS CLIENTS TO BUILD CREDIT, BORROW FOR PERSONAL NEEDS...

COMMUNITY LENDINGWORKS PROVIDES LOW-INCOME PEOPLE WITH AFFORDABLE CUSTOMIZABLE LOANS TO HELP THEM BUILD FINANCIAL STABILITY. THIS RESOURCE ALLOWS CLIENTS TO BUILD CREDIT, BORROW FOR PERSONAL NEEDS, START OR GROW A BUSINESS, OR OTHER SUCH ASSET BUILDING ACTIVITIES. COMMUNITY LENDINGWORKS ALSO PROVIDES BELOW-MARKET CAPITAL TO NONPROFIT AFFORDABLE HOUSING DEVELOPERS, TO PURCHASE LAND AND PAY FOR PRE-DEVELOPMENT COSTS TO BUILD AFFORDABLE HOUSING FOR PEOPLE BELOW 80% AREA MEDIAN INCOME.

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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 $141,500

Program Service Revenue $593,751

Investment Income $0

Other Revenue $-11,856

TOTAL REVENUE $723,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $497,230

Fundraising Expenses $0

Program Expenses $1,091,356

Other Expenses $804,234

TOTAL EXPENSES $1,301,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$723,395	$2,313,281	-0.7%
Expenses	$1,301,464	$1,542,879	-0.2%
Net Income	$-578,069	$770,402	-1.8%

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

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

$293,671

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY REIMAN	CEO	8.00	Officer	$0	$15,925	$162,524
CORINNE CARMODY- RILEY	CFO	8.00	Officer	$0	$14,754	$131,147
LYNN MEYER	DIR. OF LEND	40.00	Highest	$0	$17,497	$120,733
JIN PLUMMER	CHAIR	1.00	Officer Director	$0	$0	$0
TROY REICHENBERGER	TREASURER	1.00	Officer Director	$0	$0	$0
LARRY ABEL	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HILL	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE COPELAND	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
2024	No data	No data	No data	No data
2023	$723,395	$1,301,464	$10,729,568	$-578,069
2018	$1,110,605	$870,182	$3,696,251	$240,423