A BETTER CHANCE 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

1971

Legal Domicile

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

TO INCREASE THE NUMBER OF WELL-EDUCATED YOUNG PEOPLE OF COLOR CAPABLE OF ASSUMING RESPONSIBILITY AND LEADERSHIP ROLES IN AMERICAN SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $3,899,526 Revenue: $271,452

SINCE 1963, A BETTER CHANCE HAS ACCOMPLISHED ITS MISSION BY NATIONALLY RECRUITING, PLACING AND PROVIDING SUPPORT TO A COMMUNITY OF 1,500 ACADEMICALLY TALENTED YOUTH THROUGH ITS SIGNATURE COLLEGE...

SINCE 1963, A BETTER CHANCE HAS ACCOMPLISHED ITS MISSION BY NATIONALLY RECRUITING, PLACING AND PROVIDING SUPPORT TO A COMMUNITY OF 1,500 ACADEMICALLY TALENTED YOUTH THROUGH ITS SIGNATURE COLLEGE PREPARATORY SCHOOLS PROGRAM. OUR SUCCESS IS EVIDENT IN THE OVER 20,000ALUMNI WHO HAVE BECOME GREAT INNOVATORS, THINKERS AND LEADERS IN THEIR RESPECTIVE FIELDS. IN 2024, A BETTER CHANCE ACHIEVED 250 PLACEMENTS FROM A POOL OF 455 AND SAW NEARLY 100% OF GRADUATING HS SCHOLARS ENROLLING IN COLLEGE (SEE SCHEDULE O FOR DETAILS).THE ORGANIZATION HOSTED VIRTUAL SCHOOL FAIRS AT WHICH 120 OF OUR 200 MEMBER SCHOOLS PARTICIPATED. AN IN-PERSON MEMBER SCHOOL FAIR WAS HOSTED IN ATLANTA AT WHICH 35 MEMBER SCHOOL PARTICIPATED. THE ORGANIZATION ALSO LED VIRTUAL ADMISSIONS AND FINANCIAL AID WORKSHOPS, VIRTUAL INTERVIEW DAYS AND OUR SIGNATURE SUMMER LEADERSHIP ACADEMY (SLA), WHICH HELPS FAMILIES BETTER NAVIGATE AND UNDERSTAND THE APPLICATION, ACCEPTANCE AND PLACEMENT PROCESS. 103 MIDDLE SCHOOL AND 110 HIGH SCHOOL STUDENTS ACCEPTED BY A BETTER CHANCE FOR PLACEMENT PARTICIPATED IN SLA.

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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 $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

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

$553,720

Total Directors

$336,189

Key Employees

$216,137

Highest Compensated

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