THE NETWORK FOR CHANGE AND CONTINUOUS INNOVATION INC

EIN: 201327887 501(c)(3) Education

BLOOMINGTON, IN

Total Revenue
$249,794
Total Expenses
$349,916
Total Assets
$426,225
Net Assets
$179,523
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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
2004
Legal Domicile
DC
Principal Officer
SCOTT SILAR
Phone
8122458051
Tax Period
2023-07-01 to 2024-06-30

THE NETWORK FOR CHANGE AND CONTINUOUS INNOVATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $250K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $350K exceeded revenue, resulting in a 40% operating deficit.

Mission

OUR MISSION IS TO ADVANCE ACADEMIC AND ADMINISTRATIVE EXCELLENCE IN HIGHER EDUCATION BY IDENTIFYING, PROMOTING, SUPPORTING AND SHARING EFFECTIVE ORGANIZATIONAL PRACTICES AMONG MEMBER INSTITUTIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $103,013
Program Service Revenue $146,430
Investment Income $351
Other Revenue $0
TOTAL REVENUE $249,794

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $194,172
Other Expenses $349,916
TOTAL EXPENSES $349,916

Year-over-Year Comparison

2023 2022 Change
Revenue $249,794 $192,630 +0.3%
Expenses $349,916 $216,527 +0.6%
Net Income $-100,122 $-23,897 +3.2%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
100

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
6
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RHASHEEMA SANDERS BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTI REESE BOARD MEMBER 1.00
Director
$0 $0 $0
JEREMY BEAN BOARD MEMBER 1.00
Director
$0 $0 $0
DR ANGELA SONG BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN BOHLMANN BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH DRASIN BOARD MEMBER 1.00
Director
$0 $0 $0
BYRON FITCH BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN FODREY BOARD MEMBER 1.00
Director
$0 $0 $0
MAUEREN KNIGHT-BURRELL BOARD MEMBER 1.00
Director
$0 $0 $0
RICK WERNOSKI BOARD MEMBER 1.00
Director
$0 $0 $0
RUDY SANCHEZ BOARD MEMBER 1.00
Director
$0 $0 $0
WILL SONDGERATH PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
DR RALPH GIGLIOTTI PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
DR KIM-MARIE JENKINS PRESIDENT 1.00
Officer Director
$0 $0 $0
MARY BYRDE SECRETARY 1.00
Officer Director
$0 $0 $0
SCOTT SILAR TREASURER 1.00
Officer Director
$0 $0 $0
JAKE DAWES EXECUTIVE DIRECTOR 7.00
Officer
$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
2025 No data No data No data No data
2024 $249,794 $349,916 $426,225 $-100,122
2023 $192,630 $216,527 $441,783 $-23,897
2022 $92,045 $159,269 $400,246 $-67,224
2021 $159,513 $185,832 $453,693 $-26,319
2020 $178,089 $175,238 $470,265 $2,851
2019 $392,704 $310,893 $441,867 $81,811
2018 $337,552 $277,692 $348,897 $59,860
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