Center for Responsible Lending

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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

2002

Legal Domicile

Principal Officer

Michael Calhoun

Phone

9199564400

Tax Period

2024-01-01 to 2024-12-31

Center for Responsible Lending, founded in 2002, is a community nonprofit in the Crime & Legal sector that reported $9.7M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 39% operating margin.

Mission

Promoting financial fairness and economic opportunity for all, ending abusive lending practices.

Program Service Accomplishments

Program 1

Expenses: $2,865,613

Technical Assistance: Provided legal analysis and market insights on the impact of student loan policies and participated in rulemakings on these and other financial issues. Worked with industry and regulators to develop policies and definitions to support the Community Reinvestment Act, fair lending laws and other regulations. Provided technical assistance to state-based community groups and others regarding consumer financial products.

Program 2

Expenses: $1,071,699

Research Services: CRL provided expert analysis for reports, public comments and testimonies on the need for strong consumer protections. This included research on the risk and harms of payday loans...

Program 3

Expenses: $938,592

Outreach/Communications: Provided policy analysis and outreach materials to inform the public and regulators on products and policies that prevent all Americans from establishing and sustaining...

Outreach/Communications: Provided policy analysis and outreach materials to inform the public and regulators on products and policies that prevent all Americans from establishing and sustaining economic stability and security. CRL worked to make homeownership more accessible and sustainable for borrowers, save veterans from foreclosure, and enhance fair lending laws.

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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 $5,202,714

Program Service Revenue $4,254,366

Investment Income $208,455

Other Revenue $4,800

TOTAL REVENUE $9,670,335

Expense Breakdown

Grants Paid $158,166

Salaries & Benefits $0

Fundraising Expenses $311,104

Program Expenses $4,875,904

Other Expenses $5,712,330

TOTAL EXPENSES $5,870,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,670,335	$6,262,546	+0.5%
Expenses	$5,870,496	$7,090,753	-0.2%
Net Income	$3,799,839	$-828,207	-5.6%

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

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

$442,295

Total Directors

$136,788

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth J Laderman	Senior Researcher	0.00	Highest	$142,640	$31,041	$173,681
Andrew Kushner	Senior Policy Counsel	0.00	Highest	$150,782	$13,510	$164,292
Michael Calhoun	President	0.00	Officer	$141,227	$22,387	$163,614
Ellen Harnick	CRL EVP	0.00	Highest	$136,684	$21,142	$157,826
Mitria Spotser	Director Federal Policy	0.00	Highest	$143,589	$13,408	$156,997
Peter Smith	Sr Researcher	0.00	Highest	$148,452	$7,978	$156,430
Marcus Bowen	Treasurer	0.00	Officer	$105,750	$36,143	$141,893
Martin Eakes	CEODirectorSecretary	0.00	Officer Director	$100,961	$35,827	$136,788
Wade Henderson	Director	0.50	Director	$0	$0	$0
Mark Goldhaber	Director	0.50	Director	$0	$0	$0
Sarah Ludwig	Director	0.50	Director	$0	$0	$0
Nicolas Retsina	Director	0.50	Director	$0	$0	$0
Lisa Rice	Director	0.50	Director	$0	$0	$0
Amy Domini	Director	0.50	Director	$0	$0	$0
Laura Arce	Director	0.50	Director	$0	$0	$0
LaShawn Warren	Director	0.00	Director	$0	$0	$0
Ira Rheingold	DirectorChair	0.50	Officer 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	$9,670,335	$5,870,496	$11,459,787	$3,799,839
2024	$9,670,335	$5,870,496	$11,459,787	$3,799,839
2023	$6,262,546	$7,090,753	$8,305,439	$-828,207
2022	$4,782,304	$6,985,522	$9,921,887	$-2,203,218
2021	$6,504,480	$6,811,943	$10,481,758	$-307,463
2020	$9,048,874	$7,054,696	$10,773,995	$1,994,178
2019	$5,552,457	$7,700,373	$8,879,168	$-2,147,916
2018	$11,194,010	$6,991,108	$10,925,328	$4,202,902