CAPROCK BUSINESS FINANCE CORP 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

1981

Legal Domicile

Principal Officer

KELLY CRISWELL

Phone

8067628721

Tax Period

2023-10-01 to 2024-09-30

CAPROCK BUSINESS FINANCE CORP INC, founded in 1981, is a small nonprofit that reported $554K in total revenue in fiscal year 2023. The organization ran a surplus of $192K, a strong 35% operating margin.

Mission

ORIGINATE LOANS TO SMALL BUSINESSES TO SUPPORT ECONOMIC GROWTH AND EXPANSION; PROVIDE CONSULTING AND FINANCIAL COUNSELING SERVICES TO SMALL BUSINESSES WHICH WOULD OTHERWISE BE UNABLE TO ACQUIRE THESE TYPES OF SERVICES.

Program Service Accomplishments

Program 1

Expenses: $324,176 Revenue: $444,131

CAPROCK ASSISTED 10 BUSINESSES IN OBTAINING AND FUNDING $7,740,000 IN SBA 504 LOANS IN THE CURRENT YEAR. PROGRAM TO DATE, CAPROCK HAS ORIGINATED $174,175,000 IN SBA 504 LOANS SAVING AND CREATING MANY...

Program 2

Expenses: $2,572 Revenue: $10,035

THE ORGANIZATION HOSTS THE WEST TEXAS SMALL BUSINESS SUMMIT TO PROVIDE SMALL BUSINESS OWNERS AND START-UP ENTREPRENEURS IN THE REGION THE OPPORTUNITY TO HEAR FROM PANELS OF EXPERTS AND CONNECT WITH RESOURCES TO HELP SUSTAIN AND GROW THEIR BUSINESSES. THE ORGANIZATION HOSTS OVER 100 PARTICIPANTS ANNUALLY.

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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 $444,131

Investment Income $70,039

Other Revenue $40,035

TOTAL REVENUE $554,205

Expense Breakdown

Grants Paid $57,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $326,748

Other Expenses $304,736

TOTAL EXPENSES $362,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,205	$546,125	+0.0%
Expenses	$362,036	$290,712	+0.2%
Net Income	$192,169	$255,413	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY BALLINGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG GARLAND	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL MCCAY	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENT HOFFMAN	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL DANNEVIK	DIRECTOR	1.00	Director	$0	$0	$0
JON STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
TODD MCKEE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIS MCCUTCHEON	DIRECTOR	1.00	Director	$0	$0	$0
SUZETTE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI ADAY	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA WHITEHEAD	DIRECTOR	1.00	Director	$0	$0	$0
RICK BOYD	DIRECTOR	1.00	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	$554,205	$362,036	$2,550,039	$192,169
2023	$546,125	$290,712	$2,210,820	$255,413
2022	$399,749	$540,294	$1,624,511	$-140,545
2021	$466,106	$433,667	$1,741,723	$32,439
2020	$310,442	$266,609	$1,727,030	$43,833
2019	$310,580	$285,554	$1,663,163	$25,026
2018	$385,406	$234,596	$1,615,908	$150,810