African American Alliance of CDFI CEOs

EIN: 852659114 501(c)(3) Community Improvement

Orlando, FL

Total Revenue
$8,592,780
Total Expenses
$5,831,021
Total Assets
$14,539,403
Net Assets
$11,232,910
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
FL
Principal Officer
Lenwood Long
Phone
9193956064
Tax Period
2024-01-01 to 2024-12-31

African American Alliance of CDFI CEOs, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $8.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $2.8M, a strong 32% operating margin.

Mission

The Alliance serves Black -led CDFIs Nationwide. Founded in 2018, The Alliance has grown with 56 Black-led community development financial institutions (CDFIs) committed to the support and growth of Black Communities and the Black executives leading CDFIs that serve those communit.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,332,896
Program Service Revenue $243,017
Investment Income $16,867
Other Revenue $0
TOTAL REVENUE $8,592,780

Expense Breakdown

Grants Paid $41,740
Salaries & Benefits $2,778,336
Fundraising Expenses $0
Program Expenses $4,543,423
Other Expenses $3,010,945
TOTAL EXPENSES $5,831,021

Year-over-Year Comparison

2024 2023 Change
Revenue $8,592,780 $9,148,814 -0.1%
Expenses $5,831,021 $7,663,902 -0.2%
Net Income $2,761,759 $1,484,912 +0.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
27
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
4
$0
Total Directors
6
$0
Key Employees
4
$733,680
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Donna Grambrell Chair 120.00
Officer Director
$0 $0 $0
Calvin Holmes Member Emeritus 120.00
Officer Director
$0 $0 $0
Victor Elmore Member Emeritus 120.00
Officer Director
$0 $0 $0
Vandell Hampton Secretary 120.00
Officer Director
$0 $0 $0
Watchen Bruce Vice Chair 120.00
Director
$0 $0 $0
Marshall Crawfoard Treasurer 120.00
Director
$0 $0 $0
Lenwood V Long Sr CEO/Admin 1.00
Key Emp
$214,600 $0 $214,600
Chavella Sangokoya SVP / Programs & Strategic Initiative 1.00
Key Emp
$169,607 $0 $169,607
Ryan Gremillion VP/ Policy & Research 1.00
Key Emp
$170,625 $0 $170,625
Erica Lynn Mcpherson SVP/ Economic development & Lending 1.00
Key Emp
$178,848 $0 $178,848
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 $8,592,780 $5,831,021 $14,539,403 $2,761,759
2023 $9,148,814 $7,663,902 $12,206,534 $1,484,912
2021 $2,895,905 $1,765,894 $1,872,955 $1,130,011
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