ALT FINANCE CORPORATION

EIN: 863974526 501(c)(3) Public & Societal Benefit

LOS ANGELES, CA

Total Revenue
$9,458,011
Total Expenses
$9,223,111
Total Assets
$14,068,910
Net Assets
$13,446,214
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
MARCUS SHAW
Phone
9196990778
Tax Period
2024-01-01 to 2024-12-31

ALT FINANCE CORPORATION, founded in 2021, is a community nonprofit in the Public & Societal Benefit sector that reported $9.5M in total revenue in fiscal year 2024.

Mission

ALT FINANCE CORPORATION ("ALTFINANCE") IS COMMITTED TO BUILDING AND EXPANDING PATHWAYS FOR STUDENTS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES ("HBCU'S") WHO ENTER THE ALTERNATIVE INVESTMENT INDUSTRY. BY PROVIDING HBCU COMMUNITIES WITH ACCESS TO SPECIALIZED CURRICULUM, VALUABLE NETWORKS, AND SUSTAINABLE FINANCIAL SUPPORT, ALTFINANCE OPENS PATHWAYS FOR HBCU TALENT TO PURSUE CAREERS IN INVESTING. THROUGH INDUSTRY-FOCUSED EDUCATION, EXPOSURE, AND HANDS-ON EXPERIENCE, ALTFINANCE EQUIPS STUDENTS WITH THE TOOLS FOR SUCCESS.

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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 $9,000,000
Program Service Revenue $0
Investment Income $458,011
Other Revenue $0
TOTAL REVENUE $9,458,011

Expense Breakdown

Grants Paid $2,233,496
Salaries & Benefits $1,429,193
Fundraising Expenses $0
Program Expenses $8,880,223
Other Expenses $5,560,422
TOTAL EXPENSES $9,223,111

Year-over-Year Comparison

2024 2023 Change
Revenue $9,458,011 $9,005,000 +0.1%
Expenses $9,223,111 $5,470,305 +0.7%
Net Income $234,900 $3,534,695 -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
6
Employees
8
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
5
$445,000
Total Directors
8
$445,000
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TREY PRUITT CHAIR 1.00
Officer Director
$0 $0 $0
JONATHAN B SIMON VICE-CHAIR, CHAIR (AS OF MAY 2024) 1.00
Officer Director
$0 $0 $0
HEATHER BERGER TREASURER 1.00
Officer Director
$0 $0 $0
JERILYN MCANIFF SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELLE ARMSTRONG DIRECTOR 1.00
Director
$0 $0 $0
MILWOOD HOBBS JR DIRECTOR 1.00
Director
$0 $0 $0
MARCUS SHAW PRESIDENT AND C.E.O. 40.00
Officer Director
$445,000 $0 $445,000
EDDIE KEITH III DIRECTOR 1.00
Director
$0 $0 $0
RACHEL WARD V-P, PROGRAMS AND PARTNERSHIPS 40.00
Highest
$189,276 $0 $189,276
LESLIE ESPY V-P, STRATEGY AND OPERATION 40.00
Highest
$179,863 $0 $179,863
TULANI THOMAS CHIEF OF STAFF 40.00
Highest
$151,260 $0 $151,260
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
2024 $9,458,011 $9,223,111 $14,068,910 $234,900
2023 $9,005,000 $5,470,305 $14,973,383 $3,534,695
2022 $9,006,017 $6,690,528 $10,989,237 $2,315,489
2021 $9,000,000 $456,796 $8,667,730 $8,543,204
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