CDC SMALL BUSINESS FINANCE CORPORATION (EIN 953512045) - 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

1978

Legal Domicile

Principal Officer

NATALIE GUNN

Phone

7036472360

Tax Period

2024-01-01 to 2024-12-31

CDC SMALL BUSINESS FINANCE CORPORATION, founded in 1978, is a mid-sized nonprofit in the Community Improvement sector that reported $31.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $29.3M left a modest 5% surplus.

Mission

WE HELP BUILD INCLUSIVE AND EQUITABLE COMMUNITIES BY PROVIDING PEOPLE ACCESS TO THE CAPITAL AND OPPORTUNITIES THEY DESERVE.

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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 $1,557,562

Program Service Revenue $13,218,727

Investment Income $11,356,170

Other Revenue $4,834,008

TOTAL REVENUE $30,966,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,377,087

Fundraising Expenses $0

Program Expenses $19,755,961

Other Expenses $10,888,493

TOTAL EXPENSES $29,265,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,966,467	$27,607,207	+0.1%
Expenses	$29,265,580	$26,543,703	+0.1%
Net Income	$1,700,887	$1,063,504	+0.6%

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

169

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

$3,588,605

Total Directors

$1,337,478

Key Employees

$629,783

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLIS CARR	PRESIDENT & CEO	20.00	Officer Director	$0	$35,104	$1,064,353
KURT CHILCOTT	DIRECTOR/CONSULTANT	7.00	Director	$0	$0	$211,250
OSWALDO ACOSTA	DIRECTOR	1.00	Director	$0	$0	$5,000
RICK BENIITO	DIRECTOR	1.00	Director	$0	$0	$3,750
ALAINA BEVERLY	DIRECTOR	1.00	Director	$0	$0	$5,000
ERIK CALDWELL	DIRECTOR	1.00	Director	$0	$0	$3,750
SHERYL CAMERON	DIRECTOR	1.00	Director	$0	$0	$0
GRACE CHIONUMA	DIRECTOR	1.00	Director	$0	$0	$0
GARY CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$5,625
JENNIFER SMITH DOLIN	DIRECTOR	1.00	Director	$0	$0	$5,000
CASEY FANNON	DIRECTOR	1.00	Director	$0	$0	$5,000
PEDRO GOITIA	DIRECTOR	1.00	Director	$0	$0	$5,000
GAIL MURKLIN	DIRECTOR	1.00	Director	$0	$0	$3,750
TYLOR ORION	DIRECTOR	1.00	Director	$0	$0	$5,000
FRANK ROBINSON	DIRECTOR	1.00	Director	$0	$0	$5,000
TOM TOPUZES	DIRECTOR	1.00	Director	$0	$0	$5,000
DAN VARNER	DIRECTOR	1.00	Director	$0	$0	$5,000
NATALIE GUNN	CHIEF FINANCIAL OFFICER	20.00	Officer	$0	$67,112	$518,870
JARET DINARD INGS	SENIOR DIRECTOR OF FINANCE	20.00	Officer	$0	$56,010	$377,509
KIM DORSETT	CHIEF HUMAN RESOURCE OFFIC	20.00	Officer	$0	$42,798	$352,841
BRIAN MCEVOY	GENERAL COUNSEL	20.00	Officer	$0	$58,530	$437,545
MATTHEW WEHLAND	CHIEF OPERATING OFFICER	20.00	Officer	$0	$38,662	$391,643
KARLA GILL	CHIEF TECHNOLOGY OFFICER	20.00	Officer	$0	$39,033	$445,844
THOMAS BRUNE	PRESIDENT VENTURES LENDING	40.00	Key Emp	$290,494	$49,025	$339,519
ANTHONY BARENGO	HEAD OF COMMERCIAL REAL ESTATE	40.00	Key Emp	$252,485	$37,779	$290,264
ANDREW ERICKSON	VICE PRESIDENT, SENIOR COM	40.00	Highest	$279,875	$57,934	$337,809
RANDY SHOOPMAN	VP OF SOFTWARE DEVELOPMENT	40.00	Highest	$247,176	$33,612	$280,788
KENNETH ROSENTHAL	SR ADVISOR FOR LENDING-ED & TRAINING	40.00	Highest	$395,100	$42,333	$437,433
ANDREW MORT	CRE SALES MANAGER	40.00	Highest	$227,578	$20,245	$247,823
ERIN HEBERT	HEAD OF OPERATIONS	40.00	Highest	$237,738	$48,857	$286,595

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	$30,966,467	$29,265,580	$133,382,730	$1,700,887
2023	$27,607,207	$26,543,703	$118,524,945	$1,063,504
2022	$26,865,626	$28,209,180	$92,661,741	$-1,343,554
2021	$31,738,512	$25,025,312	$123,395,668	$6,713,200
2020	$7,270,597	$6,734,493	$280,079,202	$536,104
2020	$32,736,743	$22,459,502	$274,839,666	$10,277,241
2019	$22,451,658	$18,885,940	$86,407,439	$3,565,718
2018	$20,772,975	$16,640,229	$76,713,993	$4,132,746

CDC SMALL BUSINESS FINANCE CORPORATION