CODEFI FOUNDATION ON RURAL INNOVATION (EIN 812556748) - 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

2016

Legal Domicile

Principal Officer

DR JAMES STAPLETON

Phone

5735791901

Tax Period

2023-01-01 to 2023-12-31

CODEFI FOUNDATION ON RURAL INNOVATION, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE FOUNDATION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE BY ACCELERATING ECONOMIC DEVELOPMENT THROUGH ACCESS TO EDUCATION, MENTORING, TECHNOLOGY, CAPITAL, AND PROVIDING INCREASED AND EFFICIENT INTERNET, NETWORK, AND TECHNOLOGY CONNECTIVITY AND ACCESS TO CITIZENS AND BUSINESSES.

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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 $2,029,896

Program Service Revenue $164,483

Investment Income $226

Other Revenue $309

TOTAL REVENUE $2,194,914

Expense Breakdown

Grants Paid $91,100

Salaries & Benefits $227,242

Fundraising Expenses $0

Program Expenses $2,209,788

Other Expenses $2,084,156

TOTAL EXPENSES $2,402,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,194,914	$1,927,331	+0.1%
Expenses	$2,402,498	$1,989,779	+0.2%
Net Income	$-207,584	$-62,448	+2.3%

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

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

$211,092

Total Directors

$211,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN CAMPBELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHAUNCY BUCHHEIT	SECETARY	1.00	Officer Director	$0	$0	$0
TIM GOODMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JAMES STAPLETON	PRESIDENT & CEO	40.00	Officer Director	$105,546	$0	$105,546
AARON PANTON	TREASURER	5.00	Officer Director	$0	$0	$0
CHRIS CARNELL	EXECUTIVE DIRECTOR	40.00	Officer Director	$105,546	$0	$105,546

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	No data	No data	No data	No data
2023	$2,194,914	$2,402,498	$430,740	$-207,584
2022	$1,927,331	$1,989,779	$460,489	$-62,448
2021	$1,069,437	$1,301,776	$527,120	$-232,339
2020	$1,286,602	$1,225,570	$806,127	$61,032
2019	$661,512	$533,286	$696,727	$128,226
2018	$458,384	$313,221	$556,313	$145,163

CODEFI FOUNDATION ON RURAL INNOVATION