A BETTER CHANCE INC

EIN: 237173492 501(c)(3)

NEW YORK, NY

Total Revenue
$3,888,973
Total Expenses
$5,720,777
Total Assets
$18,230,196
Net Assets
$9,222,807
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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
1971
Legal Domicile
MA
Principal Officer
FRANCISCO TEZEN
Phone
6463461310
Tax Period
2024-01-01 to 2024-12-31

A BETTER CHANCE INC, founded in 1971, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Expenses of $5.7M exceeded revenue, resulting in a 47% operating deficit.

Mission

SEE PART III, LINE 1.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,850,118
Program Service Revenue $271,452
Investment Income $748,251
Other Revenue $19,152
TOTAL REVENUE $3,888,973

Expense Breakdown

Grants Paid $204,087
Salaries & Benefits $3,386,721
Fundraising Expenses $1,062,461
Program Expenses $3,899,526
Other Expenses $1,979,969
TOTAL EXPENSES $5,720,777

Year-over-Year Comparison

2024 2023 Change
Revenue $3,888,973 $3,925,306 0.0%
Expenses $5,720,777 $5,542,974 +0.0%
Net Income $-1,831,804 $-1,617,668 +0.1%
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
21
Independent Members
20
Employees
40
Volunteers
21

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
$553,720
Total Directors
21
$336,189
Key Employees
1
$216,137
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCISCO TEZEN PRESIDENT & CEO 37.50
Officer Director
$306,521 $29,668 $336,189
SHEILA MARMON CHAIR 2.00
Officer Director
$0 $0 $0
THEO KILLION VICE CHAIR 2.00
Officer Director
$0 $0 $0
ROB FULLERTON VICE CHAIR 2.00
Officer Director
$0 $0 $0
RHONDA TROTTER VICE CHAIR 2.00
Officer Director
$0 $0 $0
GENNELL JEFFERSON DIRECTOR 2.00
Director
$0 $0 $0
GERALD KEEFE DIRECTOR 2.00
Director
$0 $0 $0
RENEE J CARTER DIRECTOR 2.00
Director
$0 $0 $0
EKENE EZULIKE DIRECTOR 2.00
Director
$0 $0 $0
TAYO FAMAKINWA DIRECTOR 2.00
Director
$0 $0 $0
DANIEL DIBIASIO DIRECTOR 2.00
Director
$0 $0 $0
SHEA MANIGO DIRECTOR 2.00
Director
$0 $0 $0
ADREA WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE GITTENS DIRECTOR 2.00
Director
$0 $0 $0
STARLISHA MCDADE DIRECTOR 2.00
Director
$0 $0 $0
KURT VAN WAGENEN DIRECTOR 2.00
Director
$0 $0 $0
ROGER ARRIEUX DIRECTOR 2.00
Director
$0 $0 $0
KEITH EVANS DIRECTOR 2.00
Director
$0 $0 $0
NICOLE MELWOOD DIRECTOR 2.00
Director
$0 $0 $0
GEORGE WILSON DIRECTOR 2.00
Director
$0 $0 $0
SAMANTHA ROBINSON-GAYE DIRECTOR 2.00
Director
$0 $0 $0
DAMARIS HERRON-WATKINS CHIEF FINANCE & OPERATIONS 37.50
Officer
$197,519 $20,012 $217,531
BENJAMIN BINGMAN-TENNANT CHIEF PROGRAMS OFFICER 37.50
Key Emp
$199,798 $16,339 $216,137
JOHN KORNFELD DIRECTOR OF DEVELOPMENT 37.50
Highest
$133,900 $12,553 $146,453
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 $3,888,973 $5,720,777 $18,230,196 $-1,831,804
2023 $3,925,306 $5,542,974 $16,739,776 $-1,617,668
2022 $5,417,712 $4,984,438 $17,353,052 $433,274
2021 $6,340,111 $4,087,658 $16,472,167 $2,252,453
2020 $5,220,359 $3,985,821 $14,248,883 $1,234,538
2019 $3,658,243 $4,986,248 $12,684,460 $-1,328,005
2018 $3,791,237 $4,350,199 $11,797,820 $-558,962
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