COUNCIL OF DEVELOPMENT FINANCE AGEN

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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

1985

Legal Domicile

Principal Officer

TODD RAMMING

Phone

6147051312

Tax Period

2024-01-01 to 2024-12-31

COUNCIL OF DEVELOPMENT FINANCE AGEN, founded in 1985, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROMOTE THE COMMON INTERESTS OF DEVELOPMENT FINANCE AGENCIES WITH RESPECT TO PUBLIC POLICIES AND PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $614,988

PROGRAMMING DIVISION: THE CDFA PROGRAMMING DIVISION WORKS TO DEVELOP PROGRAMS AND EDUCATIONAL OPPORTUNITIES THAT SUPPORT DEVELOPMENT FINANCE TOOL BEST PRACTICES AND CUTTING-EDGE PROJECTS. THE CDFA...

PROGRAMMING DIVISION: THE CDFA PROGRAMMING DIVISION WORKS TO DEVELOP PROGRAMS AND EDUCATIONAL OPPORTUNITIES THAT SUPPORT DEVELOPMENT FINANCE TOOL BEST PRACTICES AND CUTTING-EDGE PROJECTS. THE CDFA PROGRAMMING DIVISION ENCOMPASSES ALL OUTREACH PROGRAMMING ASSEMBLED AND ADMINISTERED BY CDFA NATIONALLY INCLUDING STATE FINANCING ROUNDTABLES, CDFA TRAINING INSTITUTE,DEVELOPMENT FINANCE CERTIFIED PROGRAM AND NATIONAL WEBCAST SERIES.

Program 2

Expenses: $563,642

RESEARCH AND TECHNICAL ASSISTANCE: CDFA'S RESEARCH AND TECHNICAL ASSISTANCE DIVISION OVERSEES ALL OF THE ORGANIZATION'S VARIOUS RESEARCH, RESOURCE, OUTREACH, AND TECHNCAL ASSISTANCE PROJECTS. THE...

RESEARCH AND TECHNICAL ASSISTANCE: CDFA'S RESEARCH AND TECHNICAL ASSISTANCE DIVISION OVERSEES ALL OF THE ORGANIZATION'S VARIOUS RESEARCH, RESOURCE, OUTREACH, AND TECHNCAL ASSISTANCE PROJECTS. THE DIVISION ALSO PRODUCES THE NATIONAL SUMMIT AND URBAN FINANCE FORUM. IN ADDITION, THE DIVISION COMPLETES ALL TECHNICAL ASSISTANCE SERVICES CONTRACTS AND FEDERAL/FOUNDATION GRANT/CONTRACT DELIVERABLES.

Program 3

Expenses: $71,825

GOVERNMENT AFFAIRS DIVISION: THE GOVERNMENT AFFAIRS DIVISION OVERSEES AND MANAGES ALL PROJECTS RELATED TO FEDERAL ENGAGEMENTS, FEDERAL FINANCING RESPONSIBILITIES, LEGISLATIVE AFFAIRS, AND GRASSROOTS...

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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 $842,861

Program Service Revenue $1,533,001

Investment Income $20,700

Other Revenue $18,709

TOTAL REVENUE $2,415,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,849,994

Fundraising Expenses $44,983

Program Expenses $1,250,455

Other Expenses $814,293

TOTAL EXPENSES $2,664,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,415,271	$2,805,339	-0.1%
Expenses	$2,664,287	$2,803,021	0.0%
Net Income	$-249,016	$2,318	-108.4%

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

Volunteers

100

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

$222,005

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOBY RITTNER	PRESIDENT/CE	40.00	Key Emp	$210,018	$11,987	$222,005
NOELLE SHEETS	VICE PRESIDE	40.00	Highest	$124,583	$5,012	$129,595
JERAD GROVES	VICE PRESIDE	40.00	Highest	$119,812	$8,553	$128,365
FAWN ZIMMERMAN	MANAGING DIR	40.00	Highest	$105,013	$7,961	$112,974
MONICA BLANTON	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR COHEN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER CROWTHER	DIRECTOR	2.00	Director	$0	$0	$0
KAROLINA DONLIN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN FARNEN	DIRECTOR	2.00	Director	$0	$0	$0
PRICE FINLEY	DIRECTOR	2.00	Director	$0	$0	$0
BRAD FLETCHER	DIRECTOR	2.00	Director	$0	$0	$0
BRINDA GANGULY	DIRECTOR	2.00	Officer Director	$0	$0	$0
HECTOR HERRERA	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA HOLTON	DIRECTOR	2.00	Director	$0	$0	$0
SUE HOUNSEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
STEVE JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
SETH KIRSHENBERG	DIRECTOR	2.00	Director	$0	$0	$0
LORI MATHEUS	SECRETARY	2.00	Officer Director	$0	$0	$0
ABIGAIL MCKNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
EMILY METZLER	CHAIR	2.00	Officer Director	$0	$0	$0
MARK MILLER	DIRECTOR	2.00	Director	$0	$0	$0
DAVE MISKY	CHAIR	2.00	Officer Director	$0	$0	$0
KENNETH NEIGHBORS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PEHUR	CHAIR	2.00	Officer Director	$0	$0	$0
CASSIE POLHEMUS	DIRECTOR	2.00	Director	$0	$0	$0
LAMONT PRICE	DIRECTOR	2.00	Director	$0	$0	$0
CARLTON SCHWAB	DIRECTOR	2.00	Director	$0	$0	$0
GARY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE STEPHENS	DIRECTOR	2.00	Director	$0	$0	$0
BLAIR SUNDELL	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY TOBIN	DIRECTOR	2.00	Director	$0	$0	$0
KRISTOPHER WAHLERS	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN WALKE	DIRECTOR	2.00	Director	$0	$0	$0
IRA WEINSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
RODNEY WENDT	DIRECTOR	2.00	Director	$0	$0	$0
JOHN WOOTEN	DIRECTOR	2.00	Director	$0	$0	$0
TODD RAMMING	DIRECTOR OF	40.00	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	$2,415,271	$2,664,287	$888,013	$-249,016
2023	$2,805,339	$2,803,021	$1,802,095	$2,318
2022	$2,445,718	$2,497,865	$1,861,330	$-52,147
2021	$1,718,525	$1,698,655	$1,148,923	$19,870
2020	$1,747,090	$1,570,598	$853,578	$176,492
2019	$1,680,848	$1,774,975	$646,307	$-94,127
2018	$2,020,001	$1,719,472	$704,269	$300,529