THE FUND FOR CHANGE INC

EIN: 311662222 501(c)(3) Philanthropy & Grantmaking

BALTIMORE, MD

Total Revenue
$945,371
Total Expenses
$934,479
Total Assets
$123,643
Net Assets
$119,395
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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
1999
Legal Domicile
MD
Principal Officer
KAREN H KREISBERG
Phone
4107274828
Tax Period
2024-01-01 to 2024-12-31

THE FUND FOR CHANGE INC, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $945K in total revenue in fiscal year 2024.

Mission

THE FOUNDATION WAS CREATED TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). THE FOUNDATION MAKES GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THE MISSION OF THE ASSOCIATED. SPECIFICALLY, THE FUND FOR CHANGE WAS CREATED TO ASSIST GROUPS WORKING IN OR WITH LOW AND MODERATE INCOME COMMUNITIES IN THEIR EFFORTS TO REDRESS SUCH INEQUITIES AND BUILD A SOCIETY THAT IS DEMOCRATIC, EQUALITARIAN, AND PARTICIPATORY.

Program Service Accomplishments

Program 1
Expenses: $880,275 Revenue: $0

PROVIDE GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS THAT BENEFIT LOW AND MODERATE INCOME COMMUNITIES IN FURTHERANCE OF THE MISSION OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC.

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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 $939,320
Program Service Revenue $0
Investment Income $6,051
Other Revenue $0
TOTAL REVENUE $945,371

Expense Breakdown

Grants Paid $880,275
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $880,275
Other Expenses $54,204
TOTAL EXPENSES $934,479

Year-over-Year Comparison

2024 2023 Change
Revenue $945,371 $909,533 +0.0%
Expenses $934,479 $954,960 0.0%
Net Income $10,892 $-45,427 -1.2%
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
9
Independent Members
8
Employees
N/A
Volunteers
8

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
$1,545,368
Total Directors
10
$1,545,368
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC B TERRILL TREASURER & PUBLIC DIR. UNTIL 07/24 0.15
Officer Director
$0 $30,197 $1,170,535
ANDREW CUSHNIR TREASURER & PUBLIC DIR. AS OF 04/24 0.15
Officer Director
$0 $26,455 $374,833
KAREN H KREISBERG PRESIDENT & PUBLIC DIRECTOR 0.15
Officer Director
$0 $0 $0
JEAN K KAHN VICE PRESIDENT & DONOR DIRECTOR 0.15
Officer Director
$0 $0 $0
BETSY L KRIEGER SECRETARY & DONOR DIRECTOR & MEMBER 0.15
Officer Director
$0 $0 $0
DAVID A KANDEL DONOR DIRECTOR & MEMBER 0.15
Director
$0 $0 $0
MARC A KAHN DONOR DIRECTOR 0.15
Director
$0 $0 $0
BRENT FLICKINGER PUBLIC DIRECTOR 0.15
Director
$0 $0 $0
MARY JO KIRSCHMAN PUBLIC DIRECTOR 0.15
Director
$0 $0 $0
HOWARD B MILLER PUBLIC DIRECTOR 0.15
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 $945,371 $934,479 $123,643 $10,892
2023 $909,533 $954,960 $92,668 $-45,427
2022 $284,432 $955,008 $133,638 $-670,576
2021 $2,999 $924,839 $861,198 $-921,840
2020 $2,466,062 $865,711 $1,785,027 $1,600,351
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