WASHINGTON AREA COMMUNITY INVESTMENT FUND INC (EIN 541442466) - 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

1987

Legal Domicile

Principal Officer

SHANNAN HERBERT

Phone

2025295505

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON AREA COMMUNITY INVESTMENT FUND INC, founded in 1987, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $6.4M exceeded revenue, resulting in a 54% operating deficit.

Mission

TO INCREASE EQUITY AND ECONOMIC OPPORTUNITY BY INVESTING KNOWLEDGE, SOCIAL, AND FINANCIAL CAPITAL IN LOW- AND MODERATE-INCOME WASHINGTON AREA ENTREPRENEURS.

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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 $3,021,151

Program Service Revenue $887,456

Investment Income $163,216

Other Revenue $69,707

TOTAL REVENUE $4,141,530

Expense Breakdown

Grants Paid $719,366

Salaries & Benefits $3,806,441

Fundraising Expenses $1,148,932

Program Expenses $4,114,902

Other Expenses $1,836,749

TOTAL EXPENSES $6,386,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,141,530	$7,616,507	-0.5%
Expenses	$6,386,456	$10,848,582	-0.4%
Net Income	$-2,244,926	$-3,232,075	-0.3%

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

$516,339

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY STARK	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
NORA DIAMOND-JONES	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT RIORDAN	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN NAGENDRA	TREASURER	2.00	Officer Director	$0	$0	$0
COURTNEY R SNOWDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISA G FLOWERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSEL AMIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARYLN MADDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
EMEKA MONEME	BOARD MEMBER	1.00	Director	$0	$0	$0
KLADE HARE NERSASIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ABIGAIL SUAREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
COREY GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHIAS GLATTING	BOARD MEMBER	1.00	Director	$0	$0	$0
AQUIL STINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MACEO CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA LONGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MALACHI MCKINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
EVAN PIEKARA	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN FRYATT	CFOO & CO-INTERIM CEO UNTIL 5/3/24	40.00	Officer	$82,837	$11,988	$94,825
KIMBERLY GAYLE	CHIEF PROGRAMS OFFICER	40.00	Officer	$168,027	$19,996	$188,023
SHANNAN HERBERT	CHIEF EXECUTIVE OFFICER	40.00	Officer	$209,947	$23,544	$233,491
SHAUNA YELDELL	CHIEF LENDING OFFICER UNTIL 10/16/24	40.00	Highest	$152,730	$34,648	$187,378
MEGAN CARRAS	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$181,790	$9,462	$191,252
JUNELL VENORD	SENIOR HUMAN CAPITAL DIRECTOR	40.00	Highest	$143,488	$13,399	$156,887
MESSAY DEREBE	AAC GENERAL DIRECTOR	30.00	Highest	$146,736	$14,950	$161,686
SHERRY GUSTAFSON	DIRECTOR OF FINANCE UNTIL 12/06/2024	40.00	Highest	$142,806	$16,677	$159,483

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	$4,141,530	$6,386,456	$12,057,310	$-2,244,926
2023	$7,616,507	$10,848,582	$14,335,295	$-3,232,075
2022	$9,086,978	$6,866,291	$16,503,969	$2,220,687
2021	$7,620,930	$4,660,784	$14,906,500	$2,960,146
2020	$6,397,191	$2,735,664	$11,726,882	$3,661,527
2019	$3,904,649	$2,050,331	$6,557,543	$1,854,318
2018	$3,170,161	$2,044,907	$4,794,433	$1,125,254

WASHINGTON AREA COMMUNITY INVESTMENT FUND INC