BUSINESS FINANCE GROUP INC

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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

1982

Legal Domicile

Principal Officer

RICHARD G FRANK

Phone

7033520504

Tax Period

2024-10-01 to 2025-09-30

BUSINESS FINANCE GROUP INC, founded in 1982, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Expenses of $4.7M left a modest 3% surplus.

Mission

OUR MISSION IS TO HELP SMALL BUSINESSES SUCCEED BY OFFERING SMART, FLEXIBLE FINANCING SOLUTIONS. WE'RE FOCUSED ON STRENGTHENING COMMUNITIES AND DRIVING ECONOMIC EXPANSION THROUGH THE GROWTH OF OUR BUSINESS BORROWERS. WE'RE COMMITTED TO PROVIDING OUTSTANDING CUSTOMER SERVICE TO BOTH OUR SMALL BUSINESSES AND LENDING PARTNERS, AND WE CREATE A WORK ENVIRONMENT THAT VALUES AND RESPECTS EVERY TEAM MEMBER.

Program Service Accomplishments

Program 1

THE COMPANY WAS CERTIFIED BY THE SMALL BUSINESS ADMINISTRATION TO ADMINISTER ITS 504 LOAN PROGRAM. THE PROGRAM LOANS FUNDS TO QUALIFIED BUSINESSES TO PROMOTE ECONOMIC DEVELOPMENT AND JOB CREATION AND RETENTION.IN ADDITION TO ITS CORE SBA 504 LOAN PROGRAM, THE COMPANY HAS BEEN APPROVED BY THE SMALL BUSINESS ADMINISTRATION AS A COMMUNITY ADVANTAGE LENDER (CA). THE COMPANY SERVICED CA PROGRAM LOANS DURING THE CURRENT FISCAL YEAR. IN ADDITION, THE COMPANY PROVIDES FIXED RATE TERM LOANS TO SMALL BUSINESSES KNOWN AS BUSINESS FINANCE GROUP GROWTH OPPORTUNITY (BFG "GO") LOANS. THESE LOANS WERE FORMERLY MADE AS SBA INTERMEDIARY LENDING PILOT (ILP) LOANS BUT THE COMPANY HAS NOW EXITED THAT PROGRAM. THESE PROGRAMS PROMOTE ECONOMIC DEVELOPMENT.

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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 $0

Program Service Revenue $4,717,027

Investment Income $138,872

Other Revenue $0

TOTAL REVENUE $4,855,899

Expense Breakdown

Grants Paid $5,232

Salaries & Benefits $3,898,552

Fundraising Expenses $0

Other Expenses $803,423

TOTAL EXPENSES $4,707,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,855,899	$5,053,546	0.0%
Expenses	$4,707,207	$4,704,515	+0.0%
Net Income	$148,692	$349,031	-0.6%

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

$438,338

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SCANLON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL W CLARKE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BAIOCCO	DIRECTOR	2.00	Director	$0	$0	$0
AL GARCIA	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER JONES	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH MINOR	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
HELEN PROPHETER	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN J YOUNG	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH B HUMPHRIES	TREASURER	2.00	Officer Director	$0	$0	$0
CARL HAIRSTON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
T SEAN E ROGSTAD	PAST CHAIR	2.00	Officer Director	$0	$0	$0
SCOT R BROWNING	CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD G FRANK	PRESIDENT/CEO	40.00	Officer	$420,498	$17,840	$438,338
JASON PAISLEY	LOAN OFFICER	40.00	Highest	$169,555	$6,826	$176,381
ANGELA SMITH	SR. VICE PRESIDENT,SERVICE	40.00	Highest	$218,417	$9,691	$228,108
SHARON MASIN	DIRECTOR, FINANCE & ACCOUNTING	40.00	Highest	$187,971	$7,984	$195,955
GERALD BAROUDI	SR. VICE PRESIDENT/LOAN OFFICER	40.00	Highest	$149,802	$7,597	$157,399
MARC OHLER	CHIEF CREDIT OFFICER	40.00	Highest	$169,784	$6,216	$176,000

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
2025	$4,855,899	$4,707,207	$8,397,570	$148,692
2024	$5,053,546	$4,704,515	$8,339,857	$349,031
2023	$4,675,831	$4,467,830	$8,201,932	$208,001
2022	$4,589,110	$4,313,184	$8,925,508	$275,926
2021	$4,379,340	$4,431,500	$9,474,943	$-52,160
2020	$4,244,825	$4,333,244	$8,100,496	$-88,419
2019	$4,384,180	$4,271,713	$8,607,441	$112,467
2018	$4,227,043	$3,850,631	$9,048,041	$376,412