Ncw Business Loan Fund

Nonprofit profile at a glance

EIN
911639209
IRS 990 coverage
2009–2016
Forms available
Form 990 2016
Location
Chelan, WA, USA
Phone
5098604330
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$146,521
Expenses
$103,972
Assets
$2,292,068
Liabilities
$1,195,791

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • JORDANA LAPORTE (PRESIDENT)

Highest reported compensation

  • JEFF BRENDER (EXECUTIVE DI): $24,500 total reported compensation
  • RICH WATSON (DIRECTOR): $19,250 total reported compensation
  • DAN HODGE (DIRECTOR): $910 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide loans to commercial borrowers unable to access traditional loan sources.

What it reported doing in 2016

As part of a community development effort funded by a usda program, loans are provided to commercial clients who are unable to access credit from traditional sources.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 90
  • Accountability: 46
  • Sustainability: 71
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53%; rating input score 53
  • Program expense ratio: 74.6%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 17th percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 29%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 22.05; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 43%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -16.2% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 31st percentile among comparable filings

Details

  • Where the money goes: 53% of revenue deployed · 74.6% of spending went to programs
  • Governance: 5 of 7 board members independent · 1 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $78K in reported program spending
  • Leadership: top reported pay $24K · 10 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2009 to 2016
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.