INNOVATIVE LENDING PLATFORM ASSOCIATION (EIN 813600428) - 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

2016

Legal Domicile

Principal Officer

SCOTT STEWART

Phone

2026155151

Tax Period

2023-01-01 to 2023-12-31

INNOVATIVE LENDING PLATFORM ASSOCIATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $686K in total revenue in fiscal year 2018. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $789K exceeded revenue, resulting in a 15% operating deficit.

Mission

SEE PART III, LINE 1.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $632,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $632,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,267

Fundraising Expenses $0

Other Expenses $309,012

TOTAL EXPENSES $563,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$632,000	$726,500	-0.1%
Expenses	$563,279	$652,826	-0.1%
Net Income	$68,721	$73,674	-0.1%

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

$240,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRK CHARTIER	PRESIDENT	5.00	Officer Director	$0	$0	$0
WILLIAM PHELAN	TREASURER	5.00	Officer Director	$0	$0	$0
TODD HAMBLET	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID LEIBOWITZ	DIRECTOR	5.00	Director	$0	$0	$0
SHARON CARMELI	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL LAGEMAN	DIRECTOR	5.00	Director	$0	$0	$0
RYAN METCALF	DIRECTOR	5.00	Director	$0	$0	$0
ETHAN HANSON	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT STEWART	CEO	60.00	Officer	$240,000	$0	$240,000

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	$632,000	$563,279	$285,654	$68,721
2022	$726,500	$652,826	$206,909	$73,674
2021	$1,012,500	$910,166	$219,545	$102,334
2020	$703,000	$649,404	$97,859	$53,596
2019	$643,500	$669,424	$186,319	$-25,924
2018	$686,500	$789,088	$42,662	$-102,588

INNOVATIVE LENDING PLATFORM ASSOCIATION