Credit Builders Alliance Inc

What it reported doing in 2024

1.core platform services: member and stakeholder relations, credit bureau services, and training institute a.member and stakeholder relations in 2024 our member and stakeholder relations team supported the onboarding of 71 new members. This team continues to provide more streamlined prospective member outreach and relationship cultivation, member management, and communications and event coordination. As of december 2024, cba had 637 members and 9 specifically designated ally organizations. B.bureau services i.cba reporter is an award-winning, one of a kind service that offers nonprofit and municipal lenders the technical assistance, concrete solutions, and interagency connections they need to effectively and efficiently help their low- and moderate-income clients build credit and long-term financial capability by reporting their low-and moderate-income borrowers' monthly microenterprise, small business, and consumer loan payments to the major consumer credit bureaus experian, transunion, and equifax. Cba offers a streamlined on-boarding process for guiding lender members through the credit bureau credentialing process in order to report their loans and supports the regular transmission of that loan repayment data. Cba provides ongoing and on-demand technical assistance to member lenders, reviews metro2 data for accuracy, and monitors their borrowers' eoscar disputes. In 2024, cba reporter enabled 259 nonprofit lenders to report over 112,225 trade lines every month, totaling just over 3.8 billion in credit extended to their respective borrowers to start a business, meet a household need, and/or simply build positive personal and business credit history. Ii.cba business reporter is an add-on service that in 2024 enabled 50 member lenders to report 25,752 microenterprise or small business tradelines totaling 1.28 billion to the commercial credit bureaus experian business information solutions and dun & bradstreet in order to build their business credit profiles. Iii.cba access enables nonprofits to pull and purchase credit reports and credit scores from the credit bureaus transunion, experian, equifax, lexisnexis (for access to non-traditional and alternative credit data), and chexsystems (for those working with the unbanked). In 2024, cba continued its offering of the corelogic tri-merge credit report under our umbrella. Cba access offers qualified members access to any of these reports at pooled prices in order to underwrite loans, provide financial counseling and credit coaching, and -- with some contractual restrictions -- track the credit improvement outcomes of clients. Similar to cba reporter, cba implements a streamlined on-boarding process to guide nonprofits through the credit bureau credentialing process in order to access their clients' consumer credit reports. Cba also offers on-demand technical assistance and support to nonprofits around general credit report reviews and codes, credit report score intricacies and other information relevant to members and their clients around credit reports and scores. In 2024, cba access enabled 415 nonprofits engaged in lending and/or financial education to get credentialed to pull approximately 172,372 credit reports that year. C.training institute i.cba's signature credit as an asset training has been offered since 2008 to nonprofit lender practitioners, financial coaches and educators, social service providers and others working directly with consumers and entrepreneurs to promote financial stability and inclusion. The training aims to help participants: understand credit building as an essential and viable activity, foundational to the successful implementation of any financial asset building strategy for low-income and underserved individuals and families; explore tools and develop skills in order to design, implement, and measure credit building programs based on client needs and goals as well as organization missions and capacities; and engage with other training participant

Financial Efficiency

• Mission deployment rate: 92.8%; rating input score 93
• Program expense ratio: 89.9%; rating input score 90
• Fundraising efficiency: $194.86 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 57.2%; rating input score 57; 16th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -2.1%; rating input score 26; 26th percentile among comparable filings
• Total-asset coverage ratio: 1.71; rating input score 56; 56th percentile among comparable filings
• Liabilities to assets ratio: 0.37; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 19.8%; rating input score 12; 12th percentile among comparable filings

Growth

• Program expense growth: 16.9% per year; rating input score 100; 81st percentile among comparable filings
• Revenue growth: 15.4% per year; rating input score 100; 82nd percentile among comparable filings
• Asset growth: 21.1% per year; rating input score 100; 85th percentile among comparable filings