CITIES FOR FINANCIAL EMPOWERMENT FUND INC (EIN 463612187) - 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

2013

Legal Domicile

Principal Officer

JONATHAN MINTZ

Phone

6463621639

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

HELP MUNICIPALITIES BUILD PROGRAMS AND STRATEGIES TO SUPPORT HOUSEHOLD FINANCIAL STABILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,352,511

Program Service Revenue $0

Investment Income $892,341

Other Revenue $21,967

TOTAL REVENUE $17,266,819

Expense Breakdown

Grants Paid $4,854,081

Salaries & Benefits $5,073,551

Fundraising Expenses $860,874

Program Expenses $12,284,249

Other Expenses $4,313,666

TOTAL EXPENSES $14,321,298

Year-over-Year Comparison

	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%

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

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

$1,024,640

Total Directors

$475,811

Key Employees

$410,150

Highest Compensated

reported

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

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
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

CITIES FOR FINANCIAL EMPOWERMENT FUND INC