PENINSULA INDUSTRIAL FINANCE CORPORATION (EIN 546053130) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

CHARLENE CLARK

Phone

7579268428

Tax Period

2024-01-01 to 2024-12-31

PENINSULA INDUSTRIAL FINANCE CORPORATION, founded in 1946, is a small nonprofit that reported $944K in total revenue in fiscal year 2021. The organization ran a surplus of $901K, a strong 95% operating margin.

Mission

PENINSULA INDUSTRIAL FINANCE CORPORATION ASSISTS THE ECONOMIC GROWTH IN NEWPORT NEWS AND HAMPTON VA BY FINANCING LOANS THROUGH THE PENINSULA REVOLVING FUND PROGRAM AND THE PENISULA CARES ACT FUND.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,284

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35,992

TOTAL EXPENSES $35,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,284	$3,072	+3.3%
Expenses	$35,992	$31,526	+0.1%
Net Income	$-22,708	$-28,454	-0.2%

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

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
CHARLENE CLARK	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JOCELYN BOYER	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN LYLES	DIRECTOR	0.50	Director	$0	$0	$0
AMBER RICE	DIRECTOR	0.50	Director	$0	$0	$0
DIANNE SUBER	DIRECTOR	0.50	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	$13,284	$35,992	$2,273,810	$-22,708
2023	$3,072	$31,526	$2,291,518	$-28,454
2022	$685,392	$59,479	$2,309,471	$625,913
2021	$944,189	$43,543	$1,696,120	$900,646

PENINSULA INDUSTRIAL FINANCE CORPORATION