PLAYING FOR CHANGE FOUNDATION

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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

2007

Legal Domicile

Principal Officer

WHITNEY KROENKE SILVERSTE

Phone

3105582900

Tax Period

2023-01-01 to 2023-12-31

PLAYING FOR CHANGE FOUNDATION, founded in 2007, is a community nonprofit in the International Affairs sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $943K, a strong 24% operating margin.

Mission

PLAYING FOR CHANGE FOUNDATION'S MISSION IS TO CREATE POSITIVE CHANGETHROUGH MUSIC AND ARTS EDUCATION BY SUPPORTING MUSIC SCHOOLS ANDPROGRAMS THAT ARE CREATED AND OPERATED BY THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,722,858

PFCF EXPERIENCED TREMENDOUS GROWTH IN 2023, NOT JUST TO NEW PROGRAM LOCATIONS IN 5 COUNTRIES, BUT ALSO WITHIN EXISTING PFCF LOCATIONS WHERE NEW FINANCIAL INVESTMENTS POSITIONED OUR PROGRAMS TO...

PFCF EXPERIENCED TREMENDOUS GROWTH IN 2023, NOT JUST TO NEW PROGRAM LOCATIONS IN 5 COUNTRIES, BUT ALSO WITHIN EXISTING PFCF LOCATIONS WHERE NEW FINANCIAL INVESTMENTS POSITIONED OUR PROGRAMS TO THRIVE. MORE THAN 300 MUSICIANS WERE ENGAGED TO IMPLEMENT AND UNDERGO PFCF PROGRAMMING, REINFORCING OUR CAPACITY TO PROVIDE LOCAL ECONOMIC OPPORTUNITIES AND ALSO POSITION LOCAL MUSICIANS, DANCERS, AND CULTURAL ACTORS AS MENTORS AND ROLE MODELS FOR THE MORE THAN 3000 YOUTH WE SERVE EACH WEEK.

Program 2

STRUCTURAL INVESTMENTS IN UGANDA, MOROCCO, GHANA, NEPAL, AND ARGENTINA HELPED US BUILD FOR BRIGHTER FUTURES FOR OUR YOUTH AND COMMUNITY MEMBERS, ESTABLISHING NEW SPATIAL STANDARDS OF EXCELLENCE IN...

STRUCTURAL INVESTMENTS IN UGANDA, MOROCCO, GHANA, NEPAL, AND ARGENTINA HELPED US BUILD FOR BRIGHTER FUTURES FOR OUR YOUTH AND COMMUNITY MEMBERS, ESTABLISHING NEW SPATIAL STANDARDS OF EXCELLENCE IN GEOGRAPHIC AREAS MUCH LACKING IN FACILITIES FOR THE UNDERSERVED POPULATIONS WE REACH.

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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 $4,228,623

Program Service Revenue $0

Investment Income $-155

Other Revenue $-241,915

TOTAL REVENUE $3,986,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $525,081

Fundraising Expenses $1,135,116

Program Expenses $1,722,858

Other Expenses $2,518,118

TOTAL EXPENSES $3,043,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,986,553	$1,369,205	+1.9%
Expenses	$3,043,199	$2,182,843	+0.4%
Net Income	$943,354	$-813,638	-2.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$307,381

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WHITNEY KROENKE	PRESIDENT/CO-FOUNDER	2.00	Officer Director	$0	$0	$0
CAROLYN GLICK	TREASURER	2.00	Officer Director	$0	$0	$0
KAREN KORPONAI	SECRETARY	2.00	Officer Director	$0	$0	$0
ARCHIE DRURY	MEMBER	2.00	Director	$0	$0	$0
ARTURO NUNEZ	MEMBER	2.00	Director	$0	$0	$0
HANK DUDGEON	MEMBER	2.00	Director	$0	$0	$0
LOUIS UPKINS	MEMBER	2.00	Director	$0	$0	$0
BYRON WARD	MEMBER	2.00	Director	$0	$0	$0
JAMAL MASHBURN	MEMBER	2.00	Director	$0	$0	$0
SEAN WOLFINGTON	MEMBER	2.00	Director	$0	$0	$0
JOSH TAEKMAN	MEMBER	2.00	Director	$0	$0	$0
RONNIE MADRA	MEMBER	2.00	Director	$0	$0	$0
PAMELA SILVA	MEMBER	2.00	Director	$0	$0	$0
DAVID HRYCK	MEMBER	2.00	Director	$0	$0	$0
HOWARD HOFFEN	MEMBER	2.00	Director	$0	$0	$0
JAKE GROSHONG	CHIEF EXECUTIVE OFFICER	40.00	Officer	$204,539	$21,180	$225,719
JESSICA REED	CHIEF OPERATIONS OFFICER	40.00	Officer	$74,000	$7,662	$81,662

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	$3,986,553	$3,043,199	$1,270,606	$943,354
2022	$1,369,205	$2,182,843	$211,337	$-813,638
2021	$1,870,331	$1,749,525	$1,030,554	$120,806
2020	$1,264,083	$1,236,338	$632,398	$27,745
2019	$959,885	$887,137	$272,951	$72,748
2018	$784,903	$716,715	$193,803	$68,188