ACCESS COMMUNITY CAPITAL

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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

Principal Officer

NIC STEELE

Phone

8557582334

Tax Period

2023-01-01 to 2023-12-31

ACCESS COMMUNITY CAPITAL, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $969K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROVIDE LOW-COST LOANS TO UNDERSERVED SMALL BUSINESSES ENCOURAGING COMMUNITY AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $1,210,457 Revenue: $716,649

ACCESS COMMUNITY CAPITAL LOAN PROGRAMS - ACCESS COMMUNITY CAPITAL SUPPORTS THE CREATION OF STRONG COMMUNITIES AND ECONOMIC DEVELOPMENT BY MAKING STRATEGIC INVESTMENTS AND FORMING EFFECTIVE...

ACCESS COMMUNITY CAPITAL LOAN PROGRAMS - ACCESS COMMUNITY CAPITAL SUPPORTS THE CREATION OF STRONG COMMUNITIES AND ECONOMIC DEVELOPMENT BY MAKING STRATEGIC INVESTMENTS AND FORMING EFFECTIVE PARTNERSHIPS. THE ORGANIZATION PROVIDES LOANS, GRANTS, AND INVESTMENTS TO ASSIST SMALL BUSINESS GROWTH AND ECONOMIC DEVELOPMENT IN LOW MODERATE-INCOME COMMUNITIES, ALONG WITH PROGRAM SERVICES SUCH AS CAPACITY-BUILDING TECHNICAL ASSISTANCE.

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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 $79,000

Program Service Revenue $716,649

Investment Income $173,026

Other Revenue $371

TOTAL REVENUE $969,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $636,683

Fundraising Expenses $11,238

Program Expenses $1,210,457

Other Expenses $805,508

TOTAL EXPENSES $1,442,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$969,046	$6,234,900	-0.8%
Expenses	$1,442,191	$1,623,371	-0.1%
Net Income	$-473,145	$4,611,529	-1.1%

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

$194,530

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIC STEELE	EXECUTIVE DIRECTOR	60	Officer	$187,752	$6,778	$194,530
RODNEY CHICHESTER	DIRECTOR BUSINESS RELATIONS	40	Highest	$106,633	$8,088	$114,721
ERIC HWANG	BOARD MEMBER	2	Director	$0	$0	$0
KEN EVANS	BOARD MEMBER	2	Director	$0	$0	$0
MYISHA BOYCE	BOARD MEMBER	2	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
2024	No data	No data	No data	No data
2023	$969,046	$1,442,191	$7,460,108	$-473,145
2022	$6,234,900	$633,732	$7,767,080	$5,601,168
2022	$6,234,900	$1,623,371	$6,777,441	$4,611,529
2021	$2,151,800	$120,293	$2,056,302	$2,031,507