INSTITUTE FOR EVIDENCE-BASED CHANGE

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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

2010

Legal Domicile

Principal Officer

BRAD PHILLIPS

Phone

6199337489

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE FOR EVIDENCE-BASED CHANGE, founded in 2010, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.7M left a modest 13% surplus.

Mission

SUPPORTS EDUCATIONAL INSTITUTIONS,K-12, COLLECTING, ORGANIZING, CONVEYING INFORMATION FOR COMMUNITY COLLEGES, EMPLOYEES, UNIVERSITIES, EMPLOYERS, CHILD WELFARE SYSTEMS FOR THE PURPOSE OF IMPROVING STUDENT SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $1,310,536 Revenue: $1,889,287

EDUCATIONAL SUPPORT FOR THE PURPOSE OF IMPROVING STUDENT SUCCESS

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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 $0

Program Service Revenue $1,889,287

Investment Income $9,086

Other Revenue $0

TOTAL REVENUE $1,898,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $781,252

Fundraising Expenses $0

Program Expenses $1,310,536

Other Expenses $869,650

TOTAL EXPENSES $1,650,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,898,373	$2,228,007	-0.1%
Expenses	$1,650,902	$1,364,906	+0.2%
Net Income	$247,471	$863,101	-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

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

$589,314

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD PHILLIPS	PRESIDENT &	40.00	Officer	$264,750	$47,930	$312,680
KEN SHERWOOD	COO/VP CARIN	40.00	Officer	$173,642	$18,501	$192,143
JORDAN HOROWITZ	FORMER COO	40.00	Officer	$78,174	$6,317	$84,491
SHEILA D WHITE DANIELS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MARK FULCHER	SECRETARY	1.00	Officer Director	$0	$0	$0
HARRIETT ROBLES	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DONNA SCOTT	TREASURER	1.00	Officer Director	$0	$0	$0
OMERO SUAREZ	BOARD PRESID	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$1,898,373	$1,650,902	$1,301,587	$247,471
2022	$2,228,007	$1,364,906	$815,815	$863,101
2021	$1,549,610	$1,580,324	$312,425	$-30,714
2020	$1,330,649	$1,326,745	$355,540	$3,904
2019	$731,708	$903,170	$647,277	$-171,462
2018	$410,747	$727,459	$156,374	$-316,712