PARTNERS IN CHANGE INC (EIN 262204605) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

NEIL SHORTHOUSE

Phone

4047711021

Tax Period

2022-07-01 to 2023-06-30

PARTNERS IN CHANGE INC, founded in 2006, is a small nonprofit in the Education sector that reported $456K in total revenue in fiscal year 2022. Revenue surged 198% from the prior year, signaling strong growth momentum. Expenses of $604K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE ORGANIZATION PARTNERS TRAINED VOLUNTEER COACHES WITH ADULTS TO ENABLE UPWARD MOBILITY FOR INDIVIDUALS, FAMILIES, AND COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $454,841

Program Service Revenue $0

Investment Income $0

Other Revenue $878

TOTAL REVENUE $455,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $27,428

Program Expenses $492,896

Other Expenses $604,231

TOTAL EXPENSES $604,231

Year-over-Year Comparison

	2022	2021	Change
Revenue	$455,719	$152,924	+2.0%
Expenses	$604,231	$639,937	-0.1%
Net Income	$-148,512	$-487,013	-0.7%

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

N/A

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

$5,000

Total Directors

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIUS COLE	BOARD CHAIR	1.00	Director	$0	$0	$0
DR GERALD DURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KEITH EIGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
LLOYD GEORGE	BOARD MEMBER/TREASURER	1.00	Director	$0	$0	$0
NEIL SHORTHOUSE	CEO, VICE BOARD CHAIR	40.00	Officer Director	$5,000	$0	$5,000
PAM GLUSTROM	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTORIA CRAWFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
CALANDRA LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
CORRIE FOUNTAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY KING	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$455,719	$604,231	$110,290	$-148,512
2022	$152,924	$639,937	$210,777	$-487,013
2021	$819,930	$479,873	$443,836	$340,057
2020	$251,135	$258,439	$30,130	$-7,304

PARTNERS IN CHANGE INC