NATIVE CDFI NETWORK INC

EIN: 473526004 501(c)(3) Community Improvement

RAPID CITY, SD

Total Revenue
$1,691,067
Total Expenses
$1,201,256
Total Assets
$2,391,608
Net Assets
$2,319,483
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
SD
Tax Period
2023-01-01 to 2023-12-31

NATIVE CDFI NETWORK INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $490K, a strong 29% operating margin.

Mission

OUR MISSION IS TO BE A NATIONAL VOICE AND ADVOCATE THAT STRENGTHENS AND PROMOTES NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS), CREATING ACCESS TO CAPITAL AND RESOURCES FOR NATIVE PEOPLES.

Program Service Accomplishments

Program 1
Expenses: $1,201,029 Revenue: $1,691,067

OUR FOUR MAIN FOUNDATIONAL GOALS ARE AS FOLLOWS:- BUILD STRONG MEMBERSHIP NETWORK AND INFRASTRUCTURE- COMMIT TO GATHERING MEMBERS ANNUALLY- CREATE CDFI-TO-CDFI PEER MENTORING AND SHARING...

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OUR FOUR MAIN FOUNDATIONAL GOALS ARE AS FOLLOWS:- BUILD STRONG MEMBERSHIP NETWORK AND INFRASTRUCTURE- COMMIT TO GATHERING MEMBERS ANNUALLY- CREATE CDFI-TO-CDFI PEER MENTORING AND SHARING OPPORTUNITIES- IDENTIFY POLICY PRIORITIESUNDER OUR GRANT FUNDING, WE HAVE FOCUSED ON ACHIEVING THESE GOALS BY WORKING TO EDUCATE LENDERS, TRIBES, SERVICE PROVIDERS, AND NATIVE AMERICAN ENTREPRENEURS ABOUT THE NATIVE AMERICAN GAP FINANCING REVOLVING LOAN PROGRAM; STRENTHEN FINANCIAL INCLUSION THROUGHT EDUCATION AND OUTREACH; GROW THE ADVOCACY SKILLS AND CAPACITY OF OUR STAFF AND PARTNERS; AND DRIVE ECONOMIC DEVELOPMENT IN RURAL AND REMOTE NATIVE AMERICAN COMMUNITIES THAT ARE CURRENTLY UNDERSERVED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,691,067
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,691,067

Expense Breakdown

Grants Paid $0
Salaries & Benefits $209,355
Fundraising Expenses $0
Program Expenses $1,201,029
Other Expenses $991,901
TOTAL EXPENSES $1,201,256

Year-over-Year Comparison

2023 2022 Change
Revenue $1,691,067 $1,244,701 +0.4%
Expenses $1,201,256 $992,244 +0.2%
Net Income $489,811 $252,457 +0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
3
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
5
$165,000
Total Directors
9
$165,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETE UPTON CHAIRPERSONCONTRACTED CEO 27.00
Officer Director
$165,000 $0 $165,000
CORA MAE HASKELL DIRECTOR 1.00
Director
$0 $0 $0
ROLINA FAAGAI DIRECTOR 1.00
Director
$0 $0 $0
RUSS SEAGLE DIRECTOR 1.00
Director
$0 $0 $0
ROLLIN WOOD DIRECTOR 1.00
Director
$0 $0 $0
DAVE TOVEY VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
FERN ORIE VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CINDY LOGSDON TREASURER 1.00
Officer Director
$0 $0 $0
CINDY MITTLESTADT SECRETARY 1.00
Officer 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 $1,691,067 $1,201,256 $2,391,608 $489,811
2022 $1,244,701 $992,244 $1,851,816 $252,457
2021 $1,131,341 $485,781 $1,603,366 $645,560
2020 $784,322 $318,896 $949,209 $465,426
2019 $450,092 $270,942 $479,648 $179,150
2018 $520,596 $417,521 $336,139 $103,075
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