CDFI FRIENDLY EVANSVILLE REGION INC

EIN: 934965544 501(c)(3) Community Improvement

EVANSVILLE, IN

Total Revenue
$257,500
Total Expenses
$206,407
Total Assets
$303,972
Net Assets
$303,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
IN
Principal Officer
MIKE CARROLL
Phone
8122026362
Tax Period
2025-01-01 to 2025-12-31

CDFI FRIENDLY EVANSVILLE REGION INC, founded in 2024, is a small nonprofit in the Community Improvement sector that reported $258K in total revenue in fiscal year 2025. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 20% operating margin.

Mission

CDFI FRIENDLY EVANSVILLE REGION'S MISSION IS TO CONNECT BUSINESSES, HOUSING DEVELOPERS, COMMUNITY ORGANIZATIONS, AND OTHERS IN THE REGION WITH ACCESS TO FINANCING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $257,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $257,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $112,352
Fundraising Expenses $0
Program Expenses $139,580
Other Expenses $94,055
TOTAL EXPENSES $206,407

Year-over-Year Comparison

2025 2024 Change
Revenue $257,500 $378,705 -0.3%
Expenses $206,407 $125,826 +0.6%
Net Income $51,093 $252,879 -0.8%
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
16
Independent Members
16
Employees
N/A
Volunteers
25

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
6
$101,500
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAYLOR PRICE EXECUTIVE DI 40.00
Officer
$0 $0 $101,500
SHANE BRADFORD BOARD MEMBER 2.00
Director
$0 $0 $0
ADRIAN BROOKS BOARD MEMBER 2.00
Director
$0 $0 $0
ABRAHAM BROWN VICE CHAIR 4.00
Officer Director
$0 $0 $0
ALEX BURTON BOARD MEMBER 2.00
Director
$0 $0 $0
JILL CARPENTER SECRETARY 4.00
Officer Director
$0 $0 $0
MIKE CARROLL TREASURER 4.00
Officer Director
$0 $0 $0
KOLBI JACKSON BOARD MEMBER 2.00
Director
$0 $0 $0
LOGAN JENKINS BOARD MEMBER 2.00
Director
$0 $0 $0
BOB JONES BOARD MEMBER 2.00
Director
$0 $0 $0
DARRIN LANDER BOARD MEMBER 2.00
Director
$0 $0 $0
JARED MCINTOSH VICE CHAIR 2.00
Officer Director
$0 $0 $0
WILL MONSOUR BOARD MEMBER 2.00
Director
$0 $0 $0
THOMAS MOORE CHAIR 4.00
Officer Director
$0 $0 $0
GARY ROAN BOARD MEMBER 2.00
Director
$0 $0 $0
CONNIE ROBINSON BOARD MEMBER 2.00
Director
$0 $0 $0
LLOYD WINNECKE BOARD MEMBER 2.00
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 $257,500 $206,407 $303,972 $51,093
2024 $378,705 $125,826 $252,882 $252,879
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