NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CITIES FOR FINANCIAL EMPOWERMENT FUND INC, founded in 2013, is a mid-sized nonprofit in the Community Improvement sector that reported $17.3M in total revenue in fiscal year 2024. Revenue surged 331% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 17% operating margin.
THE CFE FUND'S MISSION IS TO LEVERAGE MUNICIPAL ENGAGEMENT TO IMPROVE THE FINANCIAL STABILITY OF HOUSEHOLDS BY EMBEDDING FINANCIAL EMPOWERMENT STRATEGIES INTO LOCAL GOVERNMENT INFRASTRUCTURE. THE CFE FUND FOCUSES PROGRAMMATIC, RESEARCH, AND POLICY EFFORTS TOWARDS DESIGNING, EMBEDDING, AND REPLICATING FINANCIAL EMPOWERMENT INITIATIVES WITHIN LOCAL GOVERNMENT.
FINANCIAL EMPOWERMENT CENTERSMUNICIPAL FINANCIAL EMPOWERMENT CENTERS (FECS) OFFER PROFESSIONAL, ONE-ON-ONE FINANCIAL COUNSELING AS A FREE PUBLIC SERVICE. THE MODEL, FIRST PILOTED IN NEW YORK CITY, IS...
FINANCIAL EMPOWERMENT CENTERSMUNICIPAL FINANCIAL EMPOWERMENT CENTERS (FECS) OFFER PROFESSIONAL, ONE-ON-ONE FINANCIAL COUNSELING AS A FREE PUBLIC SERVICE. THE MODEL, FIRST PILOTED IN NEW YORK CITY, IS NOW ACTIVE IN 39 CITIES AND COUNTIES, HELPING OVER 200,000 CLIENTS REDUCE DEBT BY MORE THAN $344 MILLION AND INCREASE SAVINGS BY OVER $69 MILLION; DOZENS OF ADDITIONAL LOCAL GOVERNMENTS ARE WORKING TO LAUNCH A LOCAL FEC INITIATIVE. EACH PARTNER HAS SEEN INCREDIBLE DEMAND FOR FEC SERVICES AND HAS QUICKLY REALIZED THE IMPORTANCE OF THIS WORK; MANY HAVE TRANSITIONED SUCCESSFULLY FROM PRIVATE INVESTMENT INTO ONGOING PUBLIC FUNDING SUSTAINABILITY. (CONTINUED ON SCHEDULE O)THE CFE FUND'S FEC ACADEMY ENTRY POINT GUIDES CITIES AND COUNTIES THROUGH EACH STEP OF PLANNING TO LAUNCH THE MODEL LOCALLY. THIS YEAR, THE CFE FUND ALSO INTRODUCED LEGACY PLANNING AS A NEW FEC SERVICE PLAN; COUNSELORS CAN NOW HELP CLIENTS PROTECT THEIR ASSETS, PLAN FOR RETIREMENT, AND ACCESS RESOURCES TO HELP THEM CREATE LEGAL DOCUMENTS LIKE WILLS. FINALLY, THE CFE FUND IS PILOTING A NEW ENHANCEMENT TO THE FEC MODEL FOCUSING ON SMALL BUSINESS AND ENTREPRENEURSHIP SERVICES.
CITY START THE CITYSTART INITIATIVE PROVIDES STRUCTURED SUPPORT TO HELP LOCAL GOVERNMENTS IDENTIFY FINANCIAL EMPOWERMENT GOALS, CONVENE RELEVANT STAKEHOLDERS, AND DEVELOP ACTIONABLE STRATEGIES...
CITY START THE CITYSTART INITIATIVE PROVIDES STRUCTURED SUPPORT TO HELP LOCAL GOVERNMENTS IDENTIFY FINANCIAL EMPOWERMENT GOALS, CONVENE RELEVANT STAKEHOLDERS, AND DEVELOP ACTIONABLE STRATEGIES, CULMINATING IN THE CREATION OF A "WEALTH EQUITY BLUEPRINT," ROOTED IN LOCAL INSIGHTS. THIS TWO-PHASE ENGAGEMENT COMBINES CRITICAL INSIGHTS ABOUT THE IMPACT OF FINANCIAL INSTABILITY ON MUNICIPAL GOVERNMENTS WITH TANGIBLE STRATEGIES TO HELP RESIDENTS BUILD FINANCIAL STABILITY. THE CFE FUND HAS SUPPORTED 50 MUNICIPALITIES THROUGH THE CITYSTART INITIATIVE.
FINANCIAL EMPOWERMENT CITIES ACROSS 150 MUNICIPALITIES AND YEARS OF WORK, THE CFE FUND'S PROGRAMMATIC EXPERIENCE HAVE SHOWN THAT FINANCIAL EMPOWERMENT EFFORTS CAN ACHIEVE SUCCESSFUL OUTCOMES IN BOTH...
FINANCIAL EMPOWERMENT CITIES ACROSS 150 MUNICIPALITIES AND YEARS OF WORK, THE CFE FUND'S PROGRAMMATIC EXPERIENCE HAVE SHOWN THAT FINANCIAL EMPOWERMENT EFFORTS CAN ACHIEVE SUCCESSFUL OUTCOMES IN BOTH IMPACT AND SCALE WHEN THEY ARE LED BY LOCAL GOVERNMENT. THROUGH THE FINANCIAL EMPOWERMENT CITIES (FE CITIES) INITIATIVE, THE CFE FUND SUPPORTS MUNICIPALITIES TO MORE DEEPLY INVEST IN THEIR FINANCIAL EMPOWERMENT WORK BY CREATING A DEDICATED OFFICE OF FINANCIAL EMPOWERMENT (OFE). EACH COHORT OF FE CITIES LEADERS COMPLETES A TWO-YEAR TRAINING PROGRAM, WORKING WITH THE CFE FUND TO LAUNCH AND LEAD OFES IN THEIR RESPECTIVE MUNICIPALITIES. THE CFE FUND HAS SUPPORTED 10 MUNICIPALITIES THROUGH THE FE CITIES INITIATIVE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $17,266,819 | $4,006,798 | +3.3% |
| Expenses | $14,321,298 | $12,252,822 | +0.2% |
| Net Income | $2,945,521 | $-8,246,024 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JONATHAN MINTZ | PRESIDENT AND CEO | 40.00 |
Officer
Director
|
$456,946 | $18,865 | $475,811 |
| KAREN FREEMAN-WILSON | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSE CISNEROS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATHLEEN MAHON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NAOMI GENDLER CAMPER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LATIA CURRY HARRISON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTIN GRUENBERG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LEIGH PHILLIPS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMELIA ERWITT | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$264,113 | $47,397 | $311,510 |
| LISA NICOLLE GRIST | CHIEF RESEARCH, EVALUATION & FINANCE | 40.00 |
Officer
|
$213,763 | $23,556 | $237,319 |
| TAMARA LINDSAY | CHIEF - STRATEGY | 40.00 |
Key Emp
|
$195,063 | $24,081 | $219,144 |
| KAITLIN PLAT | CHIEF- COMMUNICATIONS & DEVELOPMENT | 40.00 |
Key Emp
|
$169,148 | $21,858 | $191,006 |
| DAVID ROTHSTEIN | SENIOR PRINCIPAL | 40.00 |
Highest
|
$157,895 | $28,146 | $186,041 |
| KANT DESAI | SENIOR PRINCIPAL | 40.00 |
Highest
|
$139,157 | $40,900 | $180,057 |
| VICTORIA SELKOWE | SENIOR PRINCIPAL | 40.00 |
Highest
|
$143,018 | $33,466 | $176,484 |
| ELISA LOPEZ | SENIOR DIRECTOR | 40.00 |
Highest
|
$113,330 | $28,737 | $142,067 |
| AARON HIRSH | PRINCIPAL | 40.00 |
Highest
|
$109,758 | $14,110 | $123,868 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $17,266,819 | $14,321,298 | $27,129,516 | $2,945,521 |
| 2024 | $4,006,798 | $12,252,822 | $23,644,509 | $-8,246,024 |
| 2023 | $7,628,594 | $10,398,984 | $27,222,487 | $-2,770,390 |
| 2022 | $27,257,857 | $11,253,754 | $29,695,810 | $16,004,103 |
| 2021 | $7,980,604 | $14,370,873 | $14,654,854 | $-6,390,269 |
| 2021 | $7,980,604 | $14,262,998 | $14,701,696 | $-6,282,394 |
| 2020 | $13,818,429 | $9,897,243 | $20,073,312 | $3,921,186 |
| 2019 | $10,713,193 | $12,117,455 | $17,446,576 | $-1,404,262 |
| 2018 | $15,858,817 | $10,655,981 | $16,354,172 | $5,202,836 |
Compare CITIES FOR FINANCIAL EMPOWERMENT FUND INC with other nonprofits in New York and across the country.