IMPACT CAPITAL (EIN 943196958) - 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

1993

Legal Domicile

Principal Officer

JOEL MILLAR

Phone

2065873200

Tax Period

2024-01-01 to 2024-12-31

IMPACT CAPITAL, founded in 1993, is a community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 28% operating deficit.

Mission

IMPACT CAPITAL IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT MAKES STRATEGIC LOANS TO ORGANIZATIONS, TRIBAL ENTITIES, AND HOUSING AUTHORITIES TO SPUR COMMUNITY DEVELOPMENT INCLUDING AFFORDABLE HOUSING, ART AND CULTURAL CENTERS, COMMUNITY FACILITIES, AND VIBRANT COMMERCIAL DISTRICTS. OUR WORK TRANSFORMS DISTRESSED COMMUNITIES AND NEIGHBORHOODS INTO HEALTHY ONES - GOOD PLACES TO LIVE, WORK, DO BUSINESS, AND RAISE FAMILIES.

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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 $48,004

Program Service Revenue $1,290,527

Investment Income $37,262

Other Revenue $0

TOTAL REVENUE $1,375,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $535,518

Fundraising Expenses $64,117

Program Expenses $1,587,006

Other Expenses $1,228,242

TOTAL EXPENSES $1,763,760

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,375,793	$1,236,112	+0.1%
Expenses	$1,763,760	$928,242	+0.9%
Net Income	$-387,967	$307,870	-2.3%

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

$458,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL MILLAR	EXECUTIVE DIRECTOR	40.00	Officer	$170,764	$14,951	$185,715
LORA BOURELLE	COO/CFO	40.00	Officer	$139,047	$15,031	$154,078
KERRI STONEMAN	VP OF LENDING	40.00	Officer	$105,591	$13,420	$119,011
BRYAN KETCHAM	CHAIR (THROUGH JULY 2024)	1.00	Officer Director	$0	$0	$0
KIM ETHERTON	BOARD MEMBER THEN CHAIR	1.00	Officer Director	$0	$0	$0
DAVID FOREMAN	BOARD MEMBER THEN VICE CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN DUREN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
AMANDA DESHAZO	BOARD MEMBER	1.00	Director	$0	$0	$0
LOWEL KRUEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
ADITYA KURELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG PRINCE	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN RUF	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE WALKER	BOARD MEMBER	1.00	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
2024	$1,375,793	$1,763,760	$19,443,981	$-387,967
2023	$1,236,112	$928,242	$19,594,341	$307,870
2022	$961,614	$1,468,342	$22,764,384	$-506,728
2021	$1,412,202	$969,195	$22,195,180	$443,007
2020	$1,337,984	$922,435	$24,308,333	$415,549
2019	$1,243,404	$800,252	$19,908,599	$443,152
2018	$1,231,661	$991,077	$18,551,847	$240,584

IMPACT CAPITAL