INITIATIVES OF CHANGE INC (EIN 381606320) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1941

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

INITIATIVES OF CHANGE INC, founded in 1941, is a small nonprofit in the Arts, Culture & Humanities sector that reported $943K in total revenue in fiscal year 2018. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 79% operating deficit.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $295,217

Program Service Revenue $4,160

Investment Income $88,288

Other Revenue $6,315

TOTAL REVENUE $393,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,541

Fundraising Expenses $0

Program Expenses $618,188

Other Expenses $542,339

TOTAL EXPENSES $850,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,980	$446,298	-0.1%
Expenses	$850,880	$672,704	+0.3%
Net Income	$-456,900	$-226,406	+1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY SHEEHAN	DIRECTOR	5.00	Director	$0	$0	$0
E TERRI LAVELLE	DIRECTOR	5.00	Director	$0	$0	$0
BREON WELLS	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM HAMILTON	PRESIDENT	10.00	Officer Director	$0	$0	$0
VALERIE A LEMMIE	TREASURER	10.00	Officer Director	$0	$0	$0
JEREMY A PEARCE	SECRETARY	5.00	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	$393,980	$850,880	$5,841,355	$-456,900
2022	$446,298	$672,704	$6,100,608	$-226,406
2021	$401,070	$830,368	$7,057,136	$-429,298
2020	$1,439,129	$1,342,136	$7,074,373	$96,993
2019	$1,053,151	$1,757,314	$7,622,795	$-704,163
2018	$942,572	$1,688,074	$7,610,157	$-745,502

INITIATIVES OF CHANGE INC