EQUIPMENT LEASING AND FINANCE ASSOCIATION (EIN 526054211) - 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

1961

Legal Domicile

Principal Officer

LEIGH LYTLE

Phone

2022383400

Tax Period

2023-01-01 to 2023-12-31

EQUIPMENT LEASING AND FINANCE ASSOCIATION, founded in 1961, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2023.

Mission

TO PROMOTE INTEREST AND PROVIDE PROGRAMS REGARDING EQUIPMENT LEASING AND FINANCING.

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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 $10,819,473

Investment Income $577,108

Other Revenue $79,017

TOTAL REVENUE $11,475,598

Expense Breakdown

Grants Paid $55,090

Salaries & Benefits $4,853,450

Fundraising Expenses $0

Other Expenses $7,033,011

TOTAL EXPENSES $11,941,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,475,598	$10,900,154	+0.1%
Expenses	$11,941,551	$10,186,386	+0.2%
Net Income	$-465,953	$713,768	-1.7%

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

775

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

$1,341,663

Total Directors

$179,920

Key Employees

$661,776

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT C NEAGLE	CHAIR	3.00	Officer Director	$0	$0	$0
ROBERT L BOYER	CHAIR ELECT	3.00	Officer Director	$0	$0	$0
MICHAEL DICECCO	IMMEDIATE PAST CHAIR	3.00	Officer Director	$0	$0	$0
JAMES CRESS	FIRST VICE CHAIR	3.00	Officer Director	$0	$0	$0
DEBORAH BAKER	SECOND VICE CHAIR	3.00	Officer Director	$0	$0	$0
EDWARD ROSEN	SECRETARY	37.50	Officer Director	$118,614	$61,306	$179,920
DANIEL J KRAJEWSKI	TREASURER	4.00	Officer Director	$0	$0	$0
JON BIORKMAN	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN CANUM	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA R DEVASSY BABU	DIRECTOR	2.00	Director	$0	$0	$0
DAVID M DRURY	DIRECTOR	2.00	Director	$0	$0	$0
MARK DUNCAN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN W ESCHMANN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID P FARRELL	DIRECTOR	2.00	Director	$0	$0	$0
RJ GRIMSHAW	DIRECTOR	2.00	Director	$0	$0	$0
ERIC GROSS	DIRECTOR	2.00	Director	$0	$0	$0
AMY M GROSS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL JONES	DIRECTOR	2.00	Director	$0	$0	$0
BRAD PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
KIRK S PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
RICARDO A RIOS	DIRECTOR	2.00	Director	$0	$0	$0
BARRY J RIPES	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL ROMANOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
JAYMA SANDQUIST	DIRECTOR	2.00	Director	$0	$0	$0
NICK SMALL	DIRECTOR	2.00	Director	$0	$0	$0
DAVID J VERKINDEREN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT M WAX	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE J WINTER	DIRECTOR	2.00	Director	$0	$0	$0
RALPH PETTA	PRESIDENT & CEO (THRU 12/31/23)	35.50	Officer	$739,102	$74,278	$813,380
LEIGH LYTLE	PRESIDENT & CEO (BEG 12/4/23)	35.50	Officer	$93,749	$0	$93,749
JEFFREY QUIGLEY	CFO	37.50	Officer	$200,944	$53,670	$254,614
ANDREW FISHBURN	VP, FED GOV RELATIONS	37.50	Key Emp	$336,606	$32,136	$368,742
SCOTT RIEHL	VP, STATE GOV RELATIONS	37.50	Key Emp	$269,943	$23,091	$293,034
AMY VOGT	VP, COMM & MARKETING	37.50	Highest	$193,820	$31,129	$224,949
JULIE BENSON	VP, MEM MARKETING	37.50	Highest	$162,879	$25,367	$188,246
MATTHEW HART	DIRECTOR, FED GOV RELATIONS	37.50	Highest	$149,468	$38,170	$187,638
WILLIAM CHOI	VP, RESEARCH & INDUSTRY STUDIES	37.50	Highest	$152,140	$33,306	$185,446
LISA RAMIREZ	VP, BUSINESS & PROF DEV	37.50	Highest	$179,905	$23,826	$203,731

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	$11,475,598	$11,941,551	$23,220,997	$-465,953
2022	$10,900,154	$10,186,386	$22,830,454	$713,768
2021	$9,042,624	$8,307,725	$20,234,848	$734,899
2020	$7,627,062	$6,989,634	$18,080,028	$637,428
2019	$11,879,521	$9,796,900	$18,374,629	$2,082,621
2018	$9,286,792	$9,371,523	$16,099,018	$-84,731

EQUIPMENT LEASING AND FINANCE ASSOCIATION