Advancing Real Change Inc (EIN 352518417) - 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

2014

Legal Domicile

Principal Officer

Elizabeth Vartkessian

Phone

4106852569

Tax Period

2023-01-01 to 2023-12-31

Advancing Real Change Inc, founded in 2014, is a community nonprofit in the Crime & Legal sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

Create a more just world by advancing empathy, dignity, and equity within and beyond the criminal legal system.

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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 $456,705

Program Service Revenue $740,399

Investment Income $212

Other Revenue $570

TOTAL REVENUE $1,197,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,045,543

Fundraising Expenses $161,880

Program Expenses $1,006,852

Other Expenses $399,988

TOTAL EXPENSES $1,445,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,197,886	$1,091,621	+0.1%
Expenses	$1,445,531	$1,092,263	+0.3%
Net Income	$-247,645	$-642	+384.7%

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

$96,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Vartkessian	Executive Director	50.00	Officer	$94,337	$1,779	$96,116
Steve Asin	President	1.00	Officer Director	$0	$0	$0
Kristina Leslie	Vice President	1.00	Officer Director	$0	$0	$0
Amber Kaset	Treasurer	1.00	Officer Director	$0	$0	$0
Nicole Flowers	Secretary	1.00	Officer Director	$0	$0	$0
Jim Marcus	President Emeritus	1.00	Director	$0	$0	$0
Adrian de la Rosa	Director	1.00	Director	$0	$0	$0
Richard Jasper	Director	1.00	Director	$0	$0	$0
Lauren Mims	Director	1.00	Director	$0	$0	$0
Scott Sundby	Director	1.00	Director	$0	$0	$0
Anupama Vishwamitra	Director	1.00	Director	$0	$0	$0
Christopher Walters	Director	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
2024	No data	No data	No data	No data
2023	$1,197,886	$1,445,531	$613,011	$-247,645
2022	$1,091,621	$1,092,263	$921,012	$-642
2021	$1,196,878	$1,103,433	$806,567	$93,445
2020	$1,090,287	$816,120	$713,999	$274,167
2019	$877,108	$827,676	$336,866	$49,432
2018	$671,737	$661,117	$284,522	$10,620

Advancing Real Change Inc