Assistive Technology Loan Fund Authority
1602 Rolling Hills Drive, Suite 107
Richmond VA 23229
Mission Statement

To promote alternative funding resources for Virginians with disabilities to acquire assistive technology that can enhance their independence and improve their quality of life.

Leadership
CEO/Executive Director Ms. Sandra Warner Banker
Board Chair Mr. Michael Costanzo
Board Chair Company Affiliation None
Contact Information
Address 1602 Rolling Hills Drive, Suite 107
Richmond, VA 23229
Telephone 804 662-9000
Fax 804 662-9533
E-mail atlfa@atlfa.org
History and Background
Year of Incorporation 1996
Financial Summary
Revenue vs Expense Bar Graph - All Years
Expense Breakdown Bar Chart - All Years
 
 
Projected Revenue $218,000.00
Projected Expenses $523,201.00
Additional Documents
ATLFA FY16 Annual Report2016View
ATLFA FY15 Annual Report2015View
ATLFA FY14 Annual Report2014View
ATLFA FY13 Annual Report2013View
ATLFA FY12 Annual Report2012View
Statements
Mission

To promote alternative funding resources for Virginians with disabilities to acquire assistive technology that can enhance their independence and improve their quality of life.

Impact
Accomplishments:
  • Increased Assistive Technology Loan Program volume by 60% in FY13, 5% in FY14, 15% in FY15, and 9.5% in FY16
  • Maintained a loan portfolio delinquency rate of less than 5% for each of the past five years
  • Awarded $44,178 in grants to 28 Virginians with Disabilities for hearing aids and other assistive technology from the CSF Sensory Fund in FY14 
  • Managed financial activity using the organization's previously adopted Financial Projection Plan
 
Goals:
  • Increase awareness of ATLFA programs through marketing and other efforts.
  • Enhance services to ATLFA applicants, vendor partners, and existing loan holders; and develop alternative funding sources
  • Continually improve ATLFA administrative operations focusing on program growth, efficiency, and sustainability

 

Needs
  • Continue growth of the Alternative Financing Loan Program and the Telework Loan Program
  • Obtain funding for, administer, and make grants under the Consumer Service Grant Program, especially the Sensory Program 
  • Increase awareness of ATLFA programs through marketing and other efforts.
  • Enhance services to ATLFA applicants, vendor partners, and existing loan holders; and develop alternative funding sources
  • Continually improve ATLFA administrative operations focusing on program growth, efficiency, and sustainability
Background The Assistive Technology Loan Fund Authority (ATLFA) was established in 1995 . The purpose of the organization is to assist Virginians with disabilities in the affordable acquisition of assistive technology or home based business equipment, supplies or inventory. The organization provides low interest loans to enhance independence and improve quality of life for individuals of all ages and all disabilities. 
CEO Statement
ATLFA, the only organization of its kind in Virginia, is providing an affordable means of acquiring needed technology and business equipment for Virginians of all ages and all disabilities.  It represents an innovative public and private partnership that serves people of all incomes.  It is a consumer driven organization that has become a national model of excellence.
Board Chair Statement

ATLFA has been providing low-cost loans for Assistive Technology (AT) to Virginians since 1996.  In 2008, ATLFA lost funding for the Consumer Service Fund (CSF), a fund of last resort that helped Virginians access AT that could not be funded through existing public or private programs.  Having traveled around Virginia and seen first hand the impact of the recession on service delivery in rural areas of the state, I have become very passionate about restoring this fund.  When a family recently applied for a loan to buy orthopedic shoes and a wheelchair, when it was determined that there were no public or private resources available in that community to purchase this, I became even more committed to ensuring that this fund is recapitalized. The CSF has been most successful providing "gap" funding that is matched with other agencies to complete the purchase of AT equipment for Virginians with no ability to pay.  Recapitalizing the fund to provide 'gap' money will make a difference to Greater Richmond area citizens in need of AT equipment.  With donors like you, we can make a difference in the quality of life for all Virginians with AT needs.

Areas of Service
Areas Served
Area
Statewide
Board Chair
Board Chair Mr. Michael Costanzo
Company Affiliation None
Term July 2013 to June 2018
Email michael.costanzo@gmail.com
Board of Directors
Board Members
NameAffiliation
David Axselle Hanover County Public Schools
Dean Bonney MITRE Corporation
Michael Costanzo Community Volunteer
Marques Jones community volunteer
Ronald Lanier Virginia Department for the Deaf and Hard of Hearing
Ms. Sarah Liddle Community Volunteer
Barb Ostrander Woodrow Wilson Rehabilitation Center
Ms. Elise Ryan community volunteer
Brian Taylor Banking
Michael E. VanDyke Clinch Independent Living Services
Joyce Viscomi Community Volunteer
Board Demographics - Ethnicity
African American/Black 2
Asian American/Pacific Islander 0
Caucasian 9
Hispanic/Latino 0
Native American/American Indian 0
Board Demographics - Gender
Male 7
Female 4
Governance
Board Term Lengths 4
Board Term Limits 2
Board Meeting Attendance % 90
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 33
Percentage Making In-Kind Contributions 0
Number of Full Board Meetings Annually 4
Standing Committees
Executive
Finance
Marketing
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Comments
Board membership is specified by Virginia Statute and requires one half membership to  individuals with disabilities, 2 financial investment persons, 1 consumer lender, 1 representative from Woodrow Wilson Rehabilitation Center, the Secretary of Health and Human Resources or designee, and 1 Certified Public Accountant.
Executive Director
Executive Director Ms. Sandra Warner Banker
Experience
Ms. Banker has been with ATLFA for over thirteen years.  First as a Senior Program Manager and now as Executive Director.  Previously Ms. Banker had 30 years of state experience, primarily in the area of disability services.
Staff
Full Time Staff 3
Part Time Staff 0
Volunteers 0
Contractors 0
Retention Rate 100
Plans
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 4
Date Strategic Plan Adopted June 2017
Management Succession Plan? Under Development
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy No
Programs
Description
The Assisitve Technology Loan Financing Program provides low interest loans for Virgnians with disabilities in need of assistive technology devices and services.
Description
The Telework Loan Financing Program provides low interest loans to Virgnians with disabilities who operate home based businesses and need capital for business equipment, supplies or inventory.
Description
Serves as a funding source of last resort to make grants to disabled Virginians who do not qualify for loans under the loan programs.  Preference is given to Virginia's veterans and disabled individuals who have obtained other funding to assist in their needs.
Population Served Elderly and/or Disabled
Budget $25,000.00
Short Term Success
To use the available resources to assist disabled Virginians to obtain assistive technology.
Long Term Success
To expand this program so Virginians with disabilities will not be limited in meeting their assistive technology needs due to their resources.
Fiscal Year
Projected Revenue $218,000.00
Projected Expenses $523,201.00
Spending Policy N/A
IRS Letter of Exemption
Detailed Financials
Expense Allocation
Fiscal Year201620152014
Program Expense$362,697$356,103$374,493
Administration Expense$105,177$114,267$107,125
Fundraising Expense$1,388$10,463$4,447
Payments to Affiliates------
Total Revenue/Total Expenses0.380.300.26
Program Expense/Total Expenses77%74%77%
Fundraising Expense/Contributed Revenue123%707%1186%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$9,222,999$9,514,603$9,851,405
Current Assets$6,483,707$7,047,137$7,785,272
Long-Term Liabilities$0$0--
Current Liabilities$5,918$6,083$4,810
Total Net Assets$9,217,081$9,508,520$9,846,595
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities1095.591158.501618.56
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets0%0%0%
Capital Campaign
Currently in a Capital Campaign? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit ExemptionView
Comments
Foundation Comments
  • Financial information provided from audited financial statements.
  • Audited financial statements prepared by the Auditor of Public Accounts for the Commonwealth of Virginia.
  • If an organization has gross receipts that are normally $50,000 or less, it can choose to file Form 990-N.