COMMUNITY FINANCIAL SERVICES ASSOC… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

JESSICA RUSTIN

Phone

7036841029

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FINANCIAL SERVICES ASSOC OF AMERICA, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 255% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 9% surplus.

Mission

TO SUPPORT THE LEGAL ACTIVITIES AND LITIGATION EFFORTS OF ITS MEMBERS AND THE SMALL-DOLLAR LENDING INDUSTRY, TO ENSURE CONTINUED CONSUMER CONFIDENCE, TO EDUCATE ABOUT THE ROLE OF SMALL-DOLLAR LENDING IN THE BROADER FINANCIAL SERVICES ARENA, AND TO PROMOTE LAWS AND REGULATIONS THAT PROTECT CONSUMERS WHILE PRESERVING ACCESS TO CREDIT OPTIONS.

Program Service Accomplishments

Program 1

TO SUPPORT THE LEGAL ACTIVITIES AND LITIGATION EFFORTS OF ITS MEMBERS AND THE SMALL-DOLLAR LENDING INDUSTRY

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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 $1,406,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,406,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,272,851

TOTAL EXPENSES $1,272,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,406,000	$396,000	+2.6%
Expenses	$1,272,851	$739,555	+0.7%
Net Income	$133,149	$-343,555	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA RUSTIN	PRESIDENT	001.00	Officer Director	$0	$0	$0
ANDREA ANDRE	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
CULLEN EARNEST	SECRETARY/TREASURER	001.00	Officer Director	$0	$0	$0
DENAE ROTH	DIRECTOR	001.00	Director	$0	$0	$0
MIKE HODGES	DIRECTOR	001.00	Director	$0	$0	$0
IAN A MACKECHNIE	DIRECTOR	001.00	Director	$0	$0	$0
BRIAN K LYNN	DIRECTOR	001.00	Director	$0	$0	$0
DARRIN ANDERSON	DIRECTOR	001.00	Director	$0	$0	$0
C DAN ADAMS	DIRECTOR	001.00	Director	$0	$0	$0
KIP CASHMORE	DIRECTOR	001.00	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	$1,406,000	$1,272,851	$379,257	$133,149
2022	$396,000	$739,555	$277,772	$-343,555
2021	$965,000	$814,030	$580,849	$150,970
2020	$1,926,754	$2,202,357	$328,112	$-275,603
2019	$5,111,448	$4,080,271	$721,902	$1,031,177
2018	$6,647,035	$7,069,257	$742,978	$-422,222

COMMUNITY FINANCIAL SERVICES ASSOC OF AMERICA