CALVERT IMPACT CAPITAL INC (EIN 521591398) - 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

1988

Legal Domicile

Principal Officer

JENNIFER PRYCE

Phone

8002480337

Tax Period

2023-01-01 to 2023-12-31

CALVERT IMPACT CAPITAL INC, founded in 1988, is a mid-sized nonprofit in the Community Improvement sector that reported $33.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $36.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

CALVERT IMPACT CAPITAL, INC. WORKS TO MAXIMIZE THE FLOW OF CAPITAL TO COMMUNITY DEVELOPMENT ORGANIZATIONS FOR THE BENEFIT OF UNDERSERVED COMMUNITIES AND INDIVIDUALS TO ACHIEVE A MORE EQUITABLE AND SUSTAINABLE SOCIETY.

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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 $684,624

Program Service Revenue $25,807,295

Investment Income $6,934,330

Other Revenue $0

TOTAL REVENUE $33,426,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,038,169

Fundraising Expenses $338,732

Program Expenses $27,249,648

Other Expenses $29,788,724

TOTAL EXPENSES $36,826,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,426,249	$30,134,256	+0.1%
Expenses	$36,826,893	$31,119,797	+0.2%
Net Income	$-3,400,644	$-985,541	+2.5%

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

$1,462,081

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER PRYCE	PRESIDENT & CEO	40.00	Officer	$548,696	$56,833	$605,529
DEREK STROCHER	CHIEF FINANCIAL OFFICER	40.00	Officer	$445,240	$52,232	$497,472
JUSTIN CONWAY	SECRETARY, PRESIDENT OF CIP	40.00	Officer	$332,181	$26,899	$359,080
CATHERINE GODSCHALK	VP, LENDING	40.00	Highest	$314,771	$55,230	$370,001
ELIZEBETH BAFFORD	VP, SYNDICATIONS & STRATEGY	40.00	Highest	$312,689	$44,521	$357,210
LAURI MICHEL	VP RISK MANAGEMENT	40.00	Highest	$296,292	$34,742	$331,034
EMMELINE LIU	GENERAL COUNSEL	40.00	Highest	$287,055	$39,659	$326,714
LUCAS PAPPAS	DIRECTOR OF INVESTMENTS	40.00	Highest	$214,958	$19,322	$234,280
DR JENNIFER ISERN	CHAIR	1.00	Director	$0	$0	$0
ARON BETRU	DIRECTOR	1.00	Director	$0	$0	$0
RUMA BOSE	DIRECTOR	1.00	Director	$0	$0	$0
MEESHA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH BURAND	DIRECTOR	1.00	Director	$0	$0	$0
DEENA BURJORJEE	DIRECTOR	1.00	Director	$0	$0	$0
MARIO ESPINOSA	DIRECTOR/RISK COMMITTEE CHAIR	1.00	Director	$0	$0	$0
PHIL KIRSHMAN	DIRECTOR/GOVERNANCE & PENSION COMMITTEE CHAIR	1.00	Director	$0	$0	$0
LYNN NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PAGE	DIRECTOR	1.00	Director	$0	$0	$0
DECKER ROLPH	DIRECTOR/COMPENSATION COMMITTEE CHAIR	1.00	Director	$0	$0	$0
KATHY STEARNS	DIRECTOR/CREDIT COMMITTEE CHAIR	1.00	Director	$0	$0	$0
FERN THOMAS	DIRECTOR/AUDIT & FINANCE COMMITTEE CHAIR	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	$33,426,249	$36,826,893	$689,904,043	$-3,400,644
2022	$30,134,256	$31,119,797	$659,345,445	$-985,541
2021	$23,234,500	$25,464,322	$679,643,317	$-2,229,822
2020	$22,517,069	$23,816,378	$612,922,504	$-1,299,309
2019	$23,978,642	$20,095,436	$532,025,808	$3,883,206
2018	$18,292,901	$16,966,395	$473,574,255	$1,326,506

CALVERT IMPACT CAPITAL INC