CDFI FRIENDLY BLOOMINGTON INC (EIN 833678930) - 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

2018

Legal Domicile

Principal Officer

JOHN ZODY

Phone

8123209003

Tax Period

2024-01-01 to 2024-12-31

CDFI FRIENDLY BLOOMINGTON INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $473K in total revenue in fiscal year 2024. Revenue surged 278% from the prior year, signaling strong growth momentum. Expenses of $434K left a modest 8% surplus.

Mission

TO IMPROVE THE ECONOMIC WELFARE OF BLOOMINGTON, IN, AND SURROUNDING AREAS BY HELPING LOCAL COMMUNITY DEVELOPMENT PROJECTS ACCESS FLEXIBLE, AFFORDABLE CAPITAL FROM COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) OR OTHER ORGANIZATIONS.

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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 $390,137

Program Service Revenue $11,770

Investment Income $71,541

Other Revenue $0

TOTAL REVENUE $473,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,392

Fundraising Expenses $6,070

Program Expenses $341,345

Other Expenses $312,209

TOTAL EXPENSES $433,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,448	$125,286	+2.8%
Expenses	$433,601	$194,100	+1.2%
Net Income	$39,847	$-68,814	-1.6%

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

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

$106,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS COCKERHAM	DIRECTOR	0.50	Director	$0	$0	$0
DAVID MILLER	DIRECTOR	0.50	Director	$0	$0	$0
JONAS CHANG	DIRECTOR	0.50	Director	$0	$0	$0
ILENE SCHAEFFER	DIRECTOR	0.50	Director	$0	$0	$0
TINA PETERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
HEATHER ROBINSON	SECRETARY	0.50	Officer Director	$0	$0	$0
SCOTT SHISHMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN ZODY	EXECUTIVE DIRECTOR	40.00	Officer	$106,154	$0	$106,154

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	$473,448	$433,601	$2,301,458	$39,847
2023	$125,286	$194,100	$2,210,563	$-68,814
2022	$186,607	$122,875	$2,273,620	$63,732
2021	$261,921	$198,615	$2,104,258	$63,306
2020	$1,081,365	$111,848	$2,164,327	$969,517

CDFI FRIENDLY BLOOMINGTON INC