DESTINED FOR A CHANGE INC

EIN: 264565014 501(c)(3) Human Services

New Orleans, LA

Total Revenue
$761,597
Total Expenses
$729,835
Total Assets
$578,764
Net Assets
$578,764
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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
2012
Legal Domicile
LA
Principal Officer
DREW ARMSTEAD
Tax Period
2019-01-01 to 2019-12-31

DESTINED FOR A CHANGE INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $762K in total revenue in fiscal year 2019. Expenses of $730K left a modest 4% surplus.

Mission

PRIMARY FOCUS IS TO PROVIDE CITY OUREACH, MAKING OPPORTUNITIES FOR LOW AND MIDDLE INCOME RESIDENTS. WITH OUR STRENGTH, COMPASSION, AND ENTHUSIASTIC ATTITUDES WE ARE COMMITTED TO PROVIDE THES SERVICES TO OUR 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $761,597
Investment Income $0
Other Revenue $0
TOTAL REVENUE $761,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $249,526
Fundraising Expenses $0
Program Expenses $729,835
Other Expenses $480,309
TOTAL EXPENSES $729,835

Year-over-Year Comparison

2019 2018 Change
Revenue $761,597 N/A N/A
Expenses $729,835 N/A N/A
Net Income $31,762 N/A N/A
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
6
Independent Members
6
Employees
1
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
3
$35,692
Total Directors
3
$35,692
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
METRELL RAYFORD PRESIDENT 1.00
Officer Director
$0 $0 $0
KAYANA MILLER DIRECTOR 1.00
Director
$0 $0 $0
DREW ARMSTEAD EXECUTIVE DIRECTOR 40.00
Officer Director Highest
$35,692 $0 $35,692
JESSICA JENNINGS BOARD MEMBER 0.00
Officer
$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
2019 $761,597 $729,835 $578,764 $31,762
2018 $794,885 $672,282 $571,933 $122,603
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