COMMERCIAL REAL ESTATE FINANCE COUNCIL INC (EIN 481150519) - 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

1994

Legal Domicile

Principal Officer

ED DEANGELO

Phone

2024480850

Tax Period

2023-01-01 to 2023-12-31

COMMERCIAL REAL ESTATE FINANCE COUNCIL INC, founded in 1994, is a mid-sized nonprofit that reported $17.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $15.8M left a modest 10% surplus.

Mission

MEMBERS OF THE COMMERCIAL REAL ESTATE FINANCE INDUSTRY TO DEVELOP BEST PRACTICES AND POLICIES .

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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 $16,855,859

Investment Income $706,108

Other Revenue $0

TOTAL REVENUE $17,561,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,279,316

Fundraising Expenses $0

Other Expenses $9,501,027

TOTAL EXPENSES $15,780,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,561,967	$15,246,700	+0.2%
Expenses	$15,780,343	$13,574,780	+0.2%
Net Income	$1,781,624	$1,671,920	+0.1%

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

$1,673,604

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIGAIL FRANCHOT BOROK	GOVERNOR	1.00	Director	$0	$0	$0
ADAM A BEHLMAN	TREASURER	1.00	Officer Director	$0	$0	$0
AJ SFARRA	GOVERNOR	1.00	Director	$0	$0	$0
ALAN L TODD CFA	GOVERNOR	1.00	Director	$0	$0	$0
ANNEMARIE G DICOLA	GOVERNOR	1.00	Director	$0	$0	$0
BRENDAN D MCCORMICK	GOVERNOR	1.00	Director	$0	$0	$0
CHUCK LEE	GOVERNOR	1.00	Director	$0	$0	$0
CRAIG A WELIN	GOVERNOR	1.00	Director	$0	$0	$0
DANIEL J VINSON	GOVERNOR	1.00	Director	$0	$0	$0
DANIEL OLSEN	LONG RANGE PLANNING & INV. COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DANIEL ROOD	GOVERNOR	1.00	Director	$0	$0	$0
DAVID A HARRISON	PROGRAM COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DEBORAH J GINSBERG	GOVERNOR	1.00	Director	$0	$0	$0
DOUGLAS J TIESI	GOVERNOR	1.00	Director	$0	$0	$0
ELAINE MCKAY	GOVERNOR	1.00	Director	$0	$0	$0
ERIC B THOMPSON	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
GERARD T SANSOSTI	GOVERNOR	1.00	Director	$0	$0	$0
GREGORY A CROSS	POLICY COMMITTEE CHAIR	1.00	Director	$0	$0	$0
HARRIS TRIFON	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
J CHRISTOPHER HOEFFEL	GOVERNOR	1.00	Director	$0	$0	$0
JACK GAY	GOVERNOR	1.00	Director	$0	$0	$0
JAN STERNIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JANE LAM	GOVERNOR	1.00	Director	$0	$0	$0
JASON ABEL	GOVERNOR	1.00	Director	$0	$0	$0
JEEHAE LEE	GOVERNOR	1.00	Director	$0	$0	$0
JOSHUA CROMER	GOVERNOR	1.00	Director	$0	$0	$0
KATHLEEN CORTON	GOVERNOR	1.00	Director	$0	$0	$0
KEITH A GOLLENBERG	GOVERNOR	1.00	Director	$0	$0	$0
KELLY M WRENN	GOVERNOR	1.00	Director	$0	$0	$0
KIM S DIAMOND	GOVERNOR	1.00	Director	$0	$0	$0
LAINIE KAYE	GOVERNOR	1.00	Director	$0	$0	$0
LAURA SWIHART	EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
LEAH NIVISON	CHAIR	1.00	Officer Director	$0	$0	$0
LIBBY KISLAK	GOVERNOR	1.00	Director	$0	$0	$0
LISSETTE RIVERAPAULEY	GOVERNOR	1.00	Director	$0	$0	$0
MARK RITCHIE	GOVERNOR	1.00	Director	$0	$0	$0
MATTHEW COHEN	GOVERNOR	1.00	Director	$0	$0	$0
MATTHEW SALEM	GOVERNOR	1.00	Director	$0	$0	$0
MELISSA DOLSKI	GOVERNOR	1.00	Director	$0	$0	$0
MITCHELL RESNICK	GOVERNOR	1.00	Director	$0	$0	$0
PAUL HUGHSON	GOVERNOR	1.00	Director	$0	$0	$0
PAUL T VANDERSLICE	GOVERNOR	1.00	Director	$0	$0	$0
PETER P COSMETATOS	GOVERNOR	1.00	Director	$0	$0	$0
RICHARD HIGHFIELD	GOVERNOR	1.00	Director	$0	$0	$0
RICHARD JONES	PAC CO-CHAIR	1.00	Director	$0	$0	$0
RICHARD SLATON SR	GOVERNOR	1.00	Director	$0	$0	$0
ROBERT J KOONTZ	GOVERNOR	1.00	Director	$0	$0	$0
ROBERT R FOLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT SINDER	GOVERNOR	1.00	Director	$0	$0	$0
SHANNON ERDMANN	GOVERNOR	1.00	Director	$0	$0	$0
STEFANOS ARETHAS	GOVERNOR	1.00	Director	$0	$0	$0
STEVE SCHWARTZ	GOVERNOR	1.00	Director	$0	$0	$0
TERESA ZIEN	GOVERNOR	1.00	Director	$0	$0	$0
TOBIN COBB	MEMBERSHIP COMMITTE CHAIR	1.00	Director	$0	$0	$0
ZACH FREEDMAN	GOVERNOR	1.00	Director	$0	$0	$0
ZANDA LYNN	GOVERNOR	1.00	Director	$0	$0	$0
EDWARD W DEANGELO	SENIOR MANAGING DIRECTOR, COO	40.00	Officer	$530,633	$47,472	$578,105
LISA PENDEGAST	EXECUTIVE DIRECTOR	40.00	Officer	$1,066,941	$28,558	$1,095,499
CATLIN ADAMS	DIRECTOR, MEETINGS & MEMBERSHIP	40.00	Highest	$241,783	$51,242	$293,025
DAVID MCCARTHY	MANAGING DIRECTOR, HEAD OF POLICY	40.00	Highest	$390,396	$39,438	$429,834
KATHLEEN OLIN	MANAGING DIR. INDUSTRY INITIATIVES	40.00	Highest	$367,695	$43,250	$410,945
RAJESH AIDASANI	MANAGING DIRECTOR, RESEARCH	40.00	Highest	$345,567	$51,528	$397,095
SAIRAH BRUKI	MANAGING DIRECTOR, REGULATORY POLICY	40.00	Highest	$426,898	$51,443	$478,341

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	$17,561,967	$15,780,343	$29,295,036	$1,781,624
2022	$15,246,700	$13,574,780	$27,756,273	$1,671,920
2021	$8,091,268	$9,001,746	$15,641,619	$-910,478
2020	$10,529,359	$11,114,823	$12,476,264	$-585,464
2019	$11,506,257	$11,266,276	$15,092,555	$239,981
2018	$10,224,265	$10,684,565	$15,416,640	$-460,300

COMMERCIAL REAL ESTATE FINANCE COUNCIL INC