COMMUNITY INVESTMENTS FOUNDATION (EIN 456930128) - 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

2012

Legal Domicile

Principal Officer

ALYSSA FEDERICO

Phone

7049734500

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY INVESTMENTS FOUNDATION, founded in 2012, is a mid-sized nonprofit in the Human Services sector that reported $19.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $25.5M exceeded revenue, resulting in a 35% operating deficit.

Mission

COMMUNITY INVESTMENTS FOUNDATION (CIF) RECEIVES AND MANAGES GIFTS OF BUSINESS INTERESTS OR OTHER UNIQUE ASSETS, UNTIL THEY CAN BE LIQUIDATED, WITH THE PROCEEDS USED IN SUPPORT OF VARIOUS CHARITABLE ORGANIZATIONS.

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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 $17,819,194

Program Service Revenue $0

Investment Income $674,760

Other Revenue $470,163

TOTAL REVENUE $18,964,117

Expense Breakdown

Grants Paid $24,039,550

Salaries & Benefits $0

Fundraising Expenses $58,978

Program Expenses $24,713,669

Other Expenses $1,508,432

TOTAL EXPENSES $25,547,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,964,117	$20,489,868	-0.1%
Expenses	$25,547,982	$18,805,485	+0.4%
Net Income	$-6,583,865	$1,684,383	-4.9%

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

$2,630,841

Total Directors

Key Employees

$657,763

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD W MANSFIELD	CHAIR	0.30	Officer Director	$0	$0	$0
KIETH COCKRELL	DIRECTOR	0.30	Director	$0	$0	$0
CHRIS POPLIN	DIRECTOR	0.30	Director	$0	$0	$0
MARIAN STEELE CLARK	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL MARSICANO	PRESIDENT & CEO	5.00	Officer	$0	$6,680	$958,170
LAURA SMITH	EXECUTIVE VP	5.00	Officer	$0	$76,494	$848,042
NIKHIL SAWANT	EXECUTIVE VP & CIO	5.00	Officer	$0	$68,749	$402,303
DOUGLAS W BENSON	SENIOR VP & GENERAL COUNSEL	5.00	Officer	$0	$46,391	$422,326
ALYSSA FEDERICO	SENIOR VP, FINANCE	5.00	Key Emp	$0	$47,013	$384,568
ELIZABETH KISER	SENIOR VP, PHILANTHROPIC ADVANCEMENT	5.00	Key Emp	$0	$57,648	$273,195
EVAN WOLKOFSKY	ASSISTANT DEPUTY COUNSEL	5.00	Highest	$0	$47,582	$209,708
ROBIN BAREFOOT	ASSOCIATE COUNSEL	5.00	Highest	$0	$43,372	$178,857

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	$18,964,117	$25,547,982	$77,458,068	$-6,583,865
2022	$20,489,868	$18,805,485	$85,159,904	$1,684,383
2021	$21,788,464	$20,921,475	$101,933,737	$866,989
2020	$28,053,991	$18,791,172	$74,225,623	$9,262,819
2019	$25,390,624	$21,770,105	$64,298,775	$3,620,519
2018	$24,295,790	$22,367,100	$60,699,266	$1,928,690

COMMUNITY INVESTMENTS FOUNDATION