TRUE ACCESS CAPITAL CORPORATION

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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

1992

Legal Domicile

Principal Officer

VANDELL HAMPTON JR

Phone

3026526774

Tax Period

2024-01-01 to 2024-12-31

TRUE ACCESS CAPITAL CORPORATION, founded in 1992, is a community nonprofit in the Public & Societal Benefit sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $847K, a strong 18% operating margin.

Mission

BUILDING A THRIVING COMMUNITY BY EMPOWERING A DIVERSE BASE OF ENTREPRENEURS AND BUSINESSES THROUGH ACCESS TO CAPITAL, EDUCATION, ADVOCACY AND OPPORTUNITY.

Program Service Accomplishments

Program 1

Expenses: $3,353,755 Revenue: $1,890,098

DURING 2024, TRUE ACCESS CAPITAL CORPORATION MADE NEW LOANS AS FOLLOWS: MICRO LOAN FUND - $320,300, BUSINESS GROWTH FUND - $1,077,900, COMMUNITY FACILITY FUND - $598,900, COMMERCIAL REAL ESTATE FUND - $3,096,600. SMALL BUSINESS LOANS - ONE OF TACC'S PRIMARY OBJECTIVES IS PROVIDING FINANCING AND SUPPORT SERVICES FOR SMALL BUSINESS ENTERPRISES. THROUGH THIS PROGRAM, TACC CREATES JOBS AND BUILDS WEALTH IN EMERGING MARKETS THROUGHOUT THE STATE OF DELAWARE AND SOUTHEASTERN PENNSYLVANIA. TACC HAS TWO PRIMARY SMALL BUSINESS LENDING PROGRAMS - THE MICRO LOAN FUND AND THE BUSINESS GROWTH FUND. THE COMMERCIAL REAL ESTATE AND COMMUNITY FACILITY FUND FOCUSES ON PROVIDING CAPITAL FOR COMMUNITY-BASED PROJECTS, SUCH AS MIXED-USE PROPERTIES (RESIDENTIAL & RETAIL), NOT-FOR-PROFIT ORGANIZATIONS OTHER THAN HOUSING DEVELOPERS,CHILD CARE CENTERS AND OTHER COMMUNITY FACILITIES. THIS FUND PROVIDES UP TO $500,000 PER OBLIGOR WITH A MAXIMUM TERM OF FIVE YEARS. THE OBJECTIVE OF THE COMMUNITY DEVELOPMENT LOAN PROGRAM IS TO ADDRESS ALL OTHER LENDING THAT DOES NOT FALL SPECIFICALLY WITHIN THE PARAMETERS OF THE AFFORDABLE HOUSING OR SMALL BUSINESS LENDING PRODUCTS. THROUGH THE COMMUNITY DEVELOPMENT LENDING PRODUCT TACC IS EMPOWERED TO BRING SOME BENEFIT TO A PARTICULAR COMMUNITY IN THE FORM OF, FOR EXAMPLE, A NEW CHILD CARE CENTER, A HEALTH CARE PROVIDER, OR BY ASSISTING WITH THE PURCHASE OR REHABILITATION OF OFFICE SPACE FOR A NON-PROFIT ORGANIZATION.

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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 $2,608,781

Program Service Revenue $1,889,980

Investment Income $159,895

Other Revenue $-46,731

TOTAL REVENUE $4,611,925

Expense Breakdown

Grants Paid $149,600

Salaries & Benefits $1,567,202

Fundraising Expenses $38,168

Program Expenses $3,353,755

Other Expenses $2,047,702

TOTAL EXPENSES $3,764,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,611,925	$3,780,450	+0.2%
Expenses	$3,764,504	$3,391,054	+0.1%
Net Income	$847,421	$389,396	+1.2%

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

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

$206,039

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL B HUGHES III	CHAIR	1.00	Officer Director	$0	$0	$0
RACHAEL MEARS	TREASURER	1.00	Officer Director	$0	$0	$0
PEDRO VIERA JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH M SCARBOROUGH CPA CVA CFF	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHERYL SCANLON EDD	BOARD MEMBER	1.00	Director	$0	$0	$0
EMANUEL V DESHIELDS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT GUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY L LOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
RON KIMBROUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
DERRICK ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN POSER	BOARD MEMBER	1.00	Director	$0	$0	$0
TANYA WILLIAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RAFAEL ZAHRALDDIN	BOARD MEMBER	1.00	Director	$0	$0	$0
VANDELL HAMPTON JR	PRESIDENT & CEO	37.50	Officer	$185,116	$20,923	$206,039
LORENZO MERINO	SVP, DIRECTOR OF LENDING	37.50	Highest	$123,330	$7,924	$131,254

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	$4,611,925	$3,764,504	$25,632,139	$847,421
2023	$3,780,450	$3,391,054	$24,398,779	$389,396
2022	$3,143,323	$3,510,503	$22,058,882	$-367,180
2021	$8,295,807	$2,586,854	$20,176,608	$5,708,953
2020	$4,014,227	$2,770,706	$14,544,564	$1,243,521
2019	$2,166,339	$1,932,983	$11,567,842	$233,356