SEARCH FOR CHANGE INC

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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

1975

Legal Domicile

Principal Officer

ASHLEY BRODY

Phone

9144285600

Tax Period

2024-01-01 to 2024-12-31

SEARCH FOR CHANGE INC, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $13.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $13.0M left a modest 4% surplus.

Mission

DEDICATED TO IMPROVING THE QUALITY OF LIFE AND INCREASING THE SELF SUFFICIENCY OF INDIVIDUALS WITH EMOTIONAL, SOCIAL AND ECONOMIC BARRIERS. THIS IS ACCOMPLISHED BY PROVIDING DIRECT SUPPORT AND ASSISTANCE NEEDED TO ENABLE INDIVIDUALS TO REACH THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $5,779,096 Revenue: $6,680,688

COMMUNITY RESIDENCE AND APARTMENT TREATMENT PROGRAMA GROUP-LIVING DESIGNED RESIDENTIAL PROGRAM THAT FOCUSES ON REHABILIT ATION OF SERIOUSLY MENTALLY ILL ADULTS. THE PROGAM IS DESIGNED TO TEACH THE...

COMMUNITY RESIDENCE AND APARTMENT TREATMENT PROGRAMA GROUP-LIVING DESIGNED RESIDENTIAL PROGRAM THAT FOCUSES ON REHABILIT ATION OF SERIOUSLY MENTALLY ILL ADULTS. THE PROGAM IS DESIGNED TO TEACH THE CLIENTS THE SKILLS NECESSARY TO LIVE IN A MORE INDEPENDENT SETTING. THIS PROGRAM SERVED AN AVERAGE OF 130 CLIENTS IN 2024.

Program 2

Expenses: $4,792,226

SUPPORTED HOUSING APARTMENTSTHE OBJECTIVE OF THE PROGRAM IS TO ASSIST INDIVIDUALS IN LOCATING AND SECURING HOUSING OF THEIR CHOICE AND IN ACCESSING THE SUPPORTS NECESSARY TO LIVE SUCCESSFULLY IN THE...

Program 3

Expenses: $617,529

VOCATIONAL PROGRAMTHE OBJECTIVE OF THIS PROGRAM IS TO ASSIST ADULTS WITH DISABILITIES TO PREPARE FOR, CHOOSE, AND MAINTAIN COMPETITIVE EMPLOYMENT. IN 2024, THE VOCATIONAL PROGRAM SERVED A TOTAL OF...

VOCATIONAL PROGRAMTHE OBJECTIVE OF THIS PROGRAM IS TO ASSIST ADULTS WITH DISABILITIES TO PREPARE FOR, CHOOSE, AND MAINTAIN COMPETITIVE EMPLOYMENT. IN 2024, THE VOCATIONAL PROGRAM SERVED A TOTAL OF 129 INDIVIDUALS IN NEW YORK. THE PROGRAM HAD A PLACEMENT RATE OF 53% OF THE CLIENTS SERVED ALL OVER THREE COUNTIES. 94% OF THE CLIENTS SERVED MAINTAINED THEIR JOB FOR GREATER THAN THREE MONTHS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,654,572

Program Service Revenue $6,680,688

Investment Income $599,211

Other Revenue $595,118

TOTAL REVENUE $13,529,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,723,023

Fundraising Expenses $-32,565

Program Expenses $11,188,851

Other Expenses $6,276,425

TOTAL EXPENSES $12,999,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,529,589	$11,413,821	+0.2%
Expenses	$12,999,448	$11,280,099	+0.2%
Net Income	$530,141	$133,722	+3.0%

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

163

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

$393,221

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH KRUGER	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
VALERIE MAZIARZ	VICE CHAIRPERSON & SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL CAMMAROTA	TREASURER	0.50	Officer Director	$0	$0	$0
ROBERT COOPER	DIRECTOR	0.50	Director	$0	$0	$0
GUY FESSENDEN	DIRECTOR	0.50	Director	$0	$0	$0
JOEL FREYER	DIRECTOR	0.50	Director	$0	$0	$0
JEFF ZITOFSKY	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN SALOMONE	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN SHEVLIN	DIRECTOR	0.50	Director	$0	$0	$0
DR JAMES KELLEHER	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY BRODY	CEO	36.00	Officer	$183,606	$25,719	$209,325
THOMAS WATSON	CFO THROUGH SEPT. 2025	36.00	Officer	$132,476	$51,420	$183,896

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	$13,529,589	$12,999,448	$20,649,661	$530,141
2023	$11,413,821	$11,280,099	$14,974,133	$133,722
2022	$10,235,345	$9,869,770	$13,125,764	$365,575
2021	$10,897,838	$9,867,059	$8,874,083	$1,030,779
2020	$9,094,743	$9,057,537	$7,772,395	$37,206
2019	$9,699,277	$9,142,399	$5,786,719	$556,878
2018	$9,408,683	$9,009,561	$5,691,229	$399,122