ENTERPRISE COMMUNITY LOAN FUND INC (EIN 520192004) - 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

1990

Legal Domicile

Principal Officer

ELISE BALBONI

Phone

4109640552

Tax Period

2024-01-01 to 2024-12-31

ENTERPRISE COMMUNITY LOAN FUND INC, founded in 1990, is a mid-sized nonprofit in the Housing & Shelter sector that reported $49.8M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.7M, a strong 33% operating margin.

Mission

TO DELIVER INNOVATIVE FINANCIAL PRODUCTS AND TECHNICAL ASSISTANCE TO ORGANIZATIONS TO ACQUIRE, DEVELOP, AND PRESERVE QUALITY AFFORDABLE HOUSING AND TO REVITALIZE COMMUNITIES.

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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 $20,064,000

Program Service Revenue $22,863,239

Investment Income $6,151,171

Other Revenue $762,117

TOTAL REVENUE $49,840,527

Expense Breakdown

Grants Paid $1,397,790

Salaries & Benefits $6,819,114

Fundraising Expenses $0

Program Expenses $31,477,566

Other Expenses $24,957,540

TOTAL EXPENSES $33,174,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,840,527	$36,120,781	+0.4%
Expenses	$33,174,444	$23,753,467	+0.4%
Net Income	$16,666,083	$12,367,314	+0.3%

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

$2,907,725

Total Directors

$2,371,934

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUN DONOVAN	DIRECTOR	1.00	Director	$0	$55,845	$972,719
LORI CHATMAN	DIRECTOR	1.00	Director	$0	$38,080	$871,157
WILLIAM BECKMANN	SVP & CFO UNTIL 10/2024	1.00	Officer	$0	$47,850	$608,030
LINDA MANLEY	SVP, CLO & SECRETARY	4.00	Officer	$0	$58,996	$580,664
ELISE BALBONI	PRESIDENT	40.00	Officer Director	$492,413	$35,645	$528,058
CHARLOTTE CROW	SVP & TREASURER	40.00	Officer	$327,713	$49,773	$377,486
TIMOTHY MARTIN	VP, CHIEF CREDIT OFFICER	40.00	Officer	$311,899	$53,365	$365,264
JONATHAN CLARKE	VP, CHIEF LENDING OFFICER	40.00	Officer	$300,620	$35,024	$335,644
ANNA SMUKOWSKI	MANAGING DIRECTOR, IMPACT INVESTING	40.00	Highest	$213,749	$31,832	$245,581
MONICA WARREN-JONES	DIRECTOR, STRATEGIC PROJECTS	40.00	Highest	$205,183	$46,516	$251,699
SHARON BOLLERS	DIRECTOR, LENDING	40.00	Highest	$199,061	$23,219	$222,280
JOSHUA GRIFF	DIRECTOR, CREDIT	40.00	Highest	$190,505	$41,694	$232,199
JOY GARVIN	DIRECTOR, LENDING OPERATIONS	40.00	Highest	$186,619	$30,491	$217,110
CHARLES WERHANE	FORMER DIRECTOR	0.00		$0	$0	$250,000
DAVID RANDS	SVP & CFO AS OF 10/2024	1.00	Officer	$0	$7,313	$112,579
ALICE CARR	DIRECTOR	1.00	Director	$0	$0	$0
TAIISA KELLY	DIRECTOR AS OF 01/2024	1.00	Director	$0	$0	$0
CYNTHIA MULLER	DIRECTOR	1.00	Director	$0	$0	$0
KERRY E O'NEILL	DIRECTOR AS OF 01/2024	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	$49,840,527	$33,174,444	$551,828,162	$16,666,083
2023	$36,120,781	$23,753,467	$480,806,615	$12,367,314
2022	$35,729,584	$19,483,504	$426,085,407	$16,246,080
2021	$25,996,753	$14,161,786	$332,804,742	$11,834,967
2020	$39,063,451	$15,787,794	$290,883,051	$23,275,657
2019	$17,068,850	$12,671,635	$290,337,622	$4,397,215
2018	$24,541,629	$13,693,890	$274,556,414	$10,847,739

ENTERPRISE COMMUNITY LOAN FUND INC