COMMUNITY LOAN CENTER OF THE HEART… - 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

2015

Legal Domicile

Principal Officer

DELISA BURNELL-SMITH

Phone

2547521647

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY LOAN CENTER OF THE HEART OF TE OF TEXAS, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $122K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $145K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO OFFER INNOVATIVE LOANS THAT PROMOTE ENHANCED QUALITY OF LIFE OF LOW-TO-MODERATE INCOME PERSONS BY PROVIDING AN ALTERNATE SOURCE OF LOANS AWAY FROM LOCAL PAYDAY AND AUTO TITLE LENDERS WITH HIGH INTEREST RATES AND FEES.

Program Service Accomplishments

Program 1

Expenses: $134,919 Revenue: $121,729

TO OFFER INNOVATIVE LOANS THAT PROMOTE ENHANCED QUALITY OF LIFE OF LOW-TO-MODERATE INCOME PERSONS BY PROVIDING AN ALTERNATE SOURCE OF LOANS AWAY FROM LOCAL PAYDAY AND AUTO TITLE LENDERS WITH HIGH...

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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 $0

Program Service Revenue $121,727

Investment Income $0

Other Revenue $2

TOTAL REVENUE $121,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,919

Other Expenses $144,978

TOTAL EXPENSES $144,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,729	$111,672	+0.1%
Expenses	$144,978	$128,224	+0.1%
Net Income	$-23,249	$-16,552	+0.4%

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

N/A

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
DELISA BURNELL-SMITH	CHAIR- NOV 1	1.00	Officer Director	$0	$0	$0
LINDA WEAVER	SECRETARY-NOV 1	1.00	Officer Director	$0	$0	$0
CHRIS GUTIERREZ	VICE CHAIR-NOV 1	1.00	Officer Director	$0	$0	$0
KAREN SAUCEDO	TREASURER-NOV 1	1.00	Officer Director	$0	$0	$0
ELTON HALL	DIRECTOR	1.00	Director	$0	$0	$0
DELFINA VELASQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
PAT NOWATNY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE LOZANO	DIRECTOR	1.00	Director	$0	$0	$0
JEAN ANN HOOVER	DIRECTOR	1.00	Director	$0	$0	$0
OSCAR CHOMBO	DIRECTOR	1.00	Director	$0	$0	$0
PAT HAMBRICK	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP PRINCE	DIRECTOR	1.00	Director	$0	$0	$0
JOEY DINGRANDO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BOGGS	DIIRECTOR	1.00	Director	$0	$0	$0
JIM SMITH	DIRECTOR	1.00	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	$121,729	$144,978	$644,830	$-23,249
2022	$111,672	$128,224	$611,167	$-16,552
2021	$206,308	$100,832	$599,773	$105,476
2020	$113,158	$124,466	$628,691	$-11,308
2019	$126,658	$147,633	$693,409	$-20,975
2018	$136,145	$143,197	$636,782	$-7,052

COMMUNITY LOAN CENTER OF THE HEART OF TE OF TEXAS