CHANCES & CHANGES 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

1989

Legal Domicile

Principal Officer

KAREN TREMER

Phone

5856583940

Tax Period

2023-01-01 to 2023-12-31

CHANCES & CHANGES INC, founded in 1989, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO OPERATE RESIDENTIAL AND NON-RESIDENTIAL PROGRAMS FOR VICTIMS OF DOMESTIC VIOLENCE.

Program Service Accomplishments

Program 1

Expenses: $1,186,939

DOMESTIC VIOLENCE SHELTER PROGRAM SERVICES. PROVIDE SHELTER AND CONFIDENTIAL ASSISTANCE THROUGH TEMPORARY SAFE HOUSING, FOOD & CLOTHING NEEDS, CRISIS COUNSELING WITH 24 HOUR HOTLINE SERVICE, COURT...

DOMESTIC VIOLENCE SHELTER PROGRAM SERVICES. PROVIDE SHELTER AND CONFIDENTIAL ASSISTANCE THROUGH TEMPORARY SAFE HOUSING, FOOD & CLOTHING NEEDS, CRISIS COUNSELING WITH 24 HOUR HOTLINE SERVICE, COURT ADVOCACY, SUPPORT GROIUPS FOR THE VICTIMS' CHILDREN, AND INFORMATION AND EDUCATION. THE ORGANIZATION ASSISTED CLIENTS AND THEIR CHILDREN TO FIND SAFE SHELTER AND SERVICES AND RECEIVED HOTLINE CALLS FOR ASSISTANCE AND INFORMATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $865,796

Program Service Revenue $218,970

Investment Income $40

Other Revenue $2,462

TOTAL REVENUE $1,087,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $763,842

Fundraising Expenses $0

Program Expenses $1,196,964

Other Expenses $687,948

TOTAL EXPENSES $1,451,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,087,268	$1,044,592	+0.0%
Expenses	$1,451,790	$1,146,620	+0.3%
Net Income	$-364,522	$-102,028	+2.6%

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

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

$94,922

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN TREMER	EXECUTIVE DI	40.00	Officer	$94,922	$0	$94,922
JEANNIE D MICHALSKI ESQ	BOARD MEMBER	0.20	Officer Director	$0	$0	$0
DR DAVID H BREEN MD	BOARD MEMBER	0.20	Director	$0	$0	$0
DR THOMAS J WALTERS MD	PRESIDENT	0.20	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$1,087,268	$1,451,790	$250,907	$-364,522
2023	No data	No data	No data	No data
2022	$1,044,592	$1,146,620	$568,059	$-102,028
2021	$1,002,509	$937,423	$705,868	$65,086
2020	$702,908	$813,902	$954,518	$-110,994
2019	$970,635	$899,939	$924,395	$70,696
2018	$944,308	$822,191	$854,384	$122,117