CERTIFIED LEASE & FINANCE PROFESSI… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

LIA WAX CLFP

Phone

2065356281

Tax Period

2023-01-01 to 2023-12-31

CERTIFIED LEASE & FINANCE PROFESSIONAL FOUNDATION, founded in 1985, is a small nonprofit that reported $798K in total revenue in fiscal year 2023. The organization ran a surplus of $243K, a strong 30% operating margin.

Mission

THE CLFP FOUNDATION IS AN EDUCATION AND CERTIFYING BODY CREATED TO RAISE THE INDUSTRY STANDARDS AMONG EQUIPMENT LEASING AND FINANCING PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $20,724 Revenue: $271,064

THE FOUNDATION SPONSORS THE ACADEMY OF LEASING AND FINANCE PROFEESIONALS. THE ACADEMY PROVIDES CLASSES AND TRAINING FOR INDIVIDUALS INTERESTED IN IMPROVING THEIR SKILLS IN THE INDUSTRY.

Program 2

Expenses: $30,570 Revenue: $252,038

THE FOUNDATION PROVIDES THE OPPORTUNITY FOR FINANCE PROFESSIONALS TO BECOME CERTIFIED AS A CERTIFIED LEASE AND FINANCE PROFESSIONAL.

Program 3

Expenses: $14,186 Revenue: $26,798

THE FOUNDATION OFFERS A HANDBOOK TO BE PURCHASED TO SHARE THE KNOWLEDGE FROM INDIVDIUALS WITHIN THE FOUNDATION.

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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 $237,684

Program Service Revenue $523,102

Investment Income $24,642

Other Revenue $12,612

TOTAL REVENUE $798,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,123

Fundraising Expenses $0

Program Expenses $65,480

Other Expenses $155,369

TOTAL EXPENSES $555,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$798,040	$752,434	+0.1%
Expenses	$555,492	$508,155	+0.1%
Net Income	$242,548	$244,279	0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIA WAX CLFP	PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD BUZARD CPA CLFP	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE MCDONALD CLFP	TREASURER	2.00	Officer Director	$0	$0	$0
CANDACE REINHART CLFP	SECRETARY	2.00	Officer Director	$0	$0	$0
CRAIG COLLING CLFP	DIRECTOR	0.50	Director	$0	$0	$0
NICK GIBBENS CLFP	DIRECTOR	0.50	Director	$0	$0	$0
BEN HALL CLFP	DIRECTOR	0.50	Director	$0	$0	$0
BRENT HALL CLFP	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE HENKELMAN CLFP	DIRECTOR	0.50	Director	$0	$0	$0
THERESA KABOT CLFP	DIRECTOR	0.50	Director	$0	$0	$0
PAUL KNOWLTON CLFP	DIRECTOR	0.50	Director	$0	$0	$0
ERIC MANDELLA CLFP	DIRECTOR	0.50	Director	$0	$0	$0
JILL MOLITOR CLFP	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL MOUNT CLFP	DIRECTOR	0.50	Director	$0	$0	$0
KATHY NORDENDAHL CLFP	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH REUBEN CLFP	DIRECTOR	0.50	Director	$0	$0	$0
MOLLY SIMON CLFP	DIRECTOR	0.50	Director	$0	$0	$0
DAVE VERKINDEREN CLFP	DIRECTOR	0.50	Director	$0	$0	$0
REID RAYKOVICH CLFP	CEO	40.00	Highest	$206,500	$0	$206,500
MELISSA VINSON CLFP	VP OF MARKETING & DEVELOPMENT	40.00	Highest	$102,950	$0	$102,950

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	$798,040	$555,492	$1,358,628	$242,548
2022	$752,434	$508,155	$1,075,362	$244,279
2021	$472,482	$325,371	$829,156	$147,111
2020	$439,523	$331,567	$646,803	$107,956
2019	$445,419	$312,034	$511,910	$133,385
2018	$342,808	$273,822	$358,150	$68,986

CERTIFIED LEASE & FINANCE PROFESSIONAL FOUNDATION