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Organizations Business Finance Group Inc.

Business Finance Group Inc.

Fiscal year ending 2022. Filed on February 14, 2023.

3930 Pender Drive 300
Fairfax, Virginia 22030

Business Finance Group Inc. (EIN: 54-1193174) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Business Finance Group Inc., a 501(c)(6) business league, reported compensation for 6 out of 26 total employees. Among the employees shown here, the average compensation is $273,966. The highest compensated employee at Business Finance Group Inc. is Richard Frank with fiscal year 2022 compensation of $397,370.

Revenue, expenses, and employee compensation

Revenue

$4,589,110

Expenses

$4,313,184

Employee compensation

$3,596,819
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Frank
President and Chief Executive Officer
$397,370
$386,374 No related comp$10,996
Gerald Baroudi
SR VICE President/Loan of
$313,786
$301,737 No related comp$12,049
Jason Paisley
SR VICE President/Loan of
$312,583
$306,023 No related comp$6,560
Curt Solomon
SR VICE President/Loan of
$227,694
$218,956 No related comp$8,738
Angela Smith
Senior Vice President, Servic
$203,796
$195,997 No related comp$7,799
Evan Shaw
VICE President/Credit MANA
$188,567
$181,353 No related comp$7,214

Benchmark Employee Compensation

Non-Employee Board Members

Deborah Minor
Director
Helen Propheter
Assistant Secretary
James Scanlon
Former Chair
John Baiocco
Director
John J Young
Assistant Treasurer
Joseph B Humphries
Treasurer
Michael W Clarke
Director
Sarah Devoe
Vice Chair
Scot R Browning
Director
Susan Banks
Director
T Sean E Rogstad
Chair
Tommie Critchfield
Secretary

Mission Statement

OUR MISSION IS TO HELP SMALL BUSINESSES SUCCEED THROUGH CREATIVE FINANCING SOLUTIONS DEVELOPED BY A QUALIFIED AND EXPERT TEAM OF PROBLEM SOLVERS. WE FOCUS ON STRENGTHENING COMMUNITIES AND PROMOTING ECONOMIC DEVELOPMENT THROUGH THE GROWTH OF OUR SMALL BUSINESS BORROWERS AS WELL AS THROUGH COMMUNITY SERVICE PROJECTS. WE PROVIDE OUTSTANDING CUSTOMER SERVICE TO OUR SMALL BUSINESSES AND OUR LENDING PARTNERS. WE FOSTER A WORK ENVIRONMENT THAT VALUES AND RESPECTS OUR STAFF.

Revisions to this organization profile

February 15, 2025:
2024 Business Finance Group Inc. 990 filed
February 12, 2024:
2023 Business Finance Group Inc. 990 filed
February 14, 2023:
2022 Business Finance Group Inc. 990 filed

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