SPRINGBOARD CDFI (EIN 953685889) - 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

1982

Legal Domicile

Principal Officer

ANGELIQUE CAPALBO

Phone

9517797739

Tax Period

2023-01-01 to 2023-12-31

SPRINGBOARD CDFI, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $225K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $402K exceeded revenue, resulting in a 78% operating deficit.

Mission

BRIDGING THE WEALTH GAP IN AMERICA BY PROVIDING SCALED SOLUTIONS AND ACCESS TO CAPITAL; WITH A FOCUS ON FIRST-TIME HOMEBUYERS, PEOPLE OF COLOR, AND RURAL COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $36,197

Program Service Revenue $188,827

Investment Income $2

Other Revenue $154

TOTAL REVENUE $225,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,086

Fundraising Expenses $0

Program Expenses $76,240

Other Expenses $148,655

TOTAL EXPENSES $401,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,180	$168,905	+0.3%
Expenses	$401,741	$384,826	+0.0%
Net Income	$-176,561	$-215,921	-0.2%

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

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

$181,201

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS PARADZICK	DIRECTOR	1.00	Director	$0	$0	$0
TODD EMERSON	BOARD CHAIR	1.00	Officer	$0	$0	$0
DENIS GITSCHIER	TREASURER	1.00	Officer	$0	$0	$0
STEVEN CLARK	SECRETARY	1.00	Officer	$0	$0	$0
ANGELIQUE CAPALBO	PRESIDENT	40.00	Officer	$164,475	$16,726	$181,201

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
2023	$225,180	$401,741	$9,636,256	$-176,561
2022	$168,905	$384,826	$9,349,739	$-215,921
2021	$676,910	$494,843	$9,572,019	$182,067
2020	$3,406,050	$1,411,241	$9,545,566	$1,994,809
2019	$1,850,444	$2,433,659	$9,261,266	$-583,215
2018	$743,000	$2,929,871	$9,338,614	$-2,186,871

SPRINGBOARD CDFI