CDFI Friendly of South Bend Inc (EIN 850614678) - 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

2020

Legal Domicile

Phone

6166100042

Tax Period

2024-01-01 to 2024-12-31

CDFI Friendly of South Bend Inc, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $216K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $191K left a modest 12% surplus.

Mission

To improve the economic conditions of its lower income residents, by assisting community development financial institutions and other organizations to provide low cost, accessible, flexible, affordable financing for housing, job development, charitable and educational services

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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 $186,070

Program Service Revenue $0

Investment Income $30,347

Other Revenue $0

TOTAL REVENUE $216,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,015

Fundraising Expenses $0

Program Expenses $175,514

Other Expenses $82,559

TOTAL EXPENSES $190,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,417	$687,355	-0.7%
Expenses	$190,574	$135,703	+0.4%
Net Income	$25,843	$551,652	-1.0%

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

Total Directors

$99,949

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sam Centellas	ExecDirector	40.00	Director	$99,949	$0	$99,949
Carlos Bolden	Director	0.00	Director	$0	$0	$0
Nicola Brown	Director	0.00	Director	$0	$0	$0
Ryan Bell	Director	0.00	Director	$0	$0	$0
Paula Sours	Director	0.00	Director	$0	$0	$0
Angela Logan	Director	0.00	Director	$0	$0	$0
Lisa Mayorga	Director	0.00	Director	$0	$0	$0
Denise Graham	Director	0.00	Director	$0	$0	$0
Breanna Allen	Director	0.00	Director	$0	$0	$0
Sheila Sieradzki	Director	0.00	Director	$0	$0	$0
Manjima Bose	Vice President	0.00	Officer Director	$0	$0	$0
Anne Mannix	Chair	0.00	Officer Director	$0	$0	$0
Bryan Olund	Treasurer	0.00	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
2025	No data	No data	No data	No data
2024	$216,417	$190,574	$991,335	$25,843
2023	$687,355	$135,703	$914,376	$551,652
2022	$58,250	$120,146	$362,537	$-61,896
2021	$566,360	$143,606	$444,832	$422,754

CDFI Friendly of South Bend Inc