Coastal Business Finance

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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

1982

Legal Domicile

Phone

8057391665

Tax Period

2022-10-01 to 2023-09-30

Coastal Business Finance, founded in 1982, is a small nonprofit that reported $381K in total revenue in fiscal year 2022. Expenses of $451K exceeded revenue, resulting in a 19% operating deficit.

Mission

Founded in 1982, Coastal Business Finance is a California nonprofit corporation, licensed and certified by the U.S. Small Business Administration (SBA) to provide California businesses with low-cost, long-term financing. Coastal Business Finance is chartered by the federal government as a Certified Development Corporation (CDC), and by the SBA as an Accredited Lending Provider (ALP).

Program Service Accomplishments

Program 1

Expenses: $372,693

504 Loan Program-assists small businesses in obtaining SBA 504 loans. SBA 504 loans are a partnership between a CDC and a bank, or non-bank lender, to provide up to 90% financing for the purchase of commercial property, new construction, building expansion and remodeling, machinery and equipment with long useful lives, and the associated soft costs of construction and renovation, at fixed, below-market interest rates, with ten or twenty year repayment terms, to maximize working capital.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $333,409

Investment Income $47,222

Other Revenue $0

TOTAL REVENUE $380,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,500

Fundraising Expenses $0

Program Expenses $372,693

Other Expenses $338,851

TOTAL EXPENSES $451,351

Year-over-Year Comparison

	2022	2021	Change
Revenue	$380,631	$390,043	0.0%
Expenses	$451,351	$423,626	+0.1%
Net Income	$-70,720	$-33,583	+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

N/A

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

$112,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Kearns	Executive Direc	40.00	Officer	$112,500	$0	$112,500
Gary Williams	Treasurer	3.00	Officer Director	$0	$0	$0
Ed Andrisek	Director	1.00	Director	$0	$0	$0
Brooks Wise	Director	1.00	Director	$0	$0	$0
MIKE SELL	Director	3.00	Officer Director	$0	$0	$0
KAREN NUNO	Vice Chairman	3.00	Officer Director	$0	$0	$0
Leah West	Director	1.00	Director	$0	$0	$0
Peter Sterling	Chairman	3.00	Officer Director	$0	$0	$0
Celeste Coelho-Hudson	Director	1.00	Director	$0	$0	$0
CONRAD STEPHENS	Director	1.00	Director	$0	$0	$0
Steve Mathis	Secretary	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
2023	$380,631	$451,351	No data	$-70,720
2022	$390,043	$423,626	$452,246	$-33,583
2021	$347,819	$367,312	$509,488	$-19,493
2020	$409,978	$391,912	$503,042	$18,066
2019	$529,712	$495,648	$482,702	$34,064