INITIATIVES OF CHANGE INC

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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

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 $394K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $851K exceeded revenue, resulting in a 116% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $385,729 Revenue: $114,556

DESIGNATED INITIATIVES: 2023 ACHIEVEMENTS INCLUDED FACILITATION OF SEMINARS, WORKSHOPS AND COMMUNITY DIALOGUES WHICH TAUGHT SKILLS IN DIALOGUE, CONFLICT TRANSFORMATION AND RECONCILIATION.NATIONAL...

DESIGNATED INITIATIVES: 2023 ACHIEVEMENTS INCLUDED FACILITATION OF SEMINARS, WORKSHOPS AND COMMUNITY DIALOGUES WHICH TAUGHT SKILLS IN DIALOGUE, CONFLICT TRANSFORMATION AND RECONCILIATION.NATIONAL PROGRAM: 2022 ACHIEVEMENTS INCLUDED REGIONAL ACTIVITIES WHICH TRAINED AND DEVELOPED LIFE CHANGING SKILLS TO FURTHER THE PRINCIPLES OF THE ORGANIZATIONS, OPERATION OF FACILITIES, INCLUDING WORKSHOPS/SEMINARS BY EMPLOYEES AND VOLUNTEER WORKERS.TOTAL NUMBER OF PARTICIPANTS WAS 501.

Program 2

Expenses: $232,459 Revenue: $181,023

INTERNATIONAL PROGRAM: PROVIDED LEADERSHIP OR PARTICIPATION AT INTERNATIONAL CONFERENCES OF PHILOSOPHICALLY RELATED INDIVIDUALS AND CORPORATIONS, CONDUCTING SEMINARS RELATED TO CONFLICT RESOLUTION...

INTERNATIONAL PROGRAM: PROVIDED LEADERSHIP OR PARTICIPATION AT INTERNATIONAL CONFERENCES OF PHILOSOPHICALLY RELATED INDIVIDUALS AND CORPORATIONS, CONDUCTING SEMINARS RELATED TO CONFLICT RESOLUTION AND DEVELOPMENT OF LIFE CHANGING SKILLS.

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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 $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