CENTER FOR CHANGES

EIN: 382421507 501(c)(3) Arts, Culture & Humanities

Detroit, MI

Total Revenue
$67,764
Total Expenses
$80,840
Total Assets
$146,695
Net Assets
$138,095
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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
1982
Legal Domicile
MI
Principal Officer
David M Finkel
Phone
3138410160
Tax Period
2023-01-01 to 2023-12-31

CENTER FOR CHANGES, founded in 1982, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 19% operating deficit.

Mission

Political and economic education, publication of bimonthly journal and sponsorship of educational seminars

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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 (2023)

Revenue Breakdown

Contributions & Grants $46,176
Program Service Revenue $19,423
Investment Income $2,165
Other Revenue $0
TOTAL REVENUE $67,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,531
Fundraising Expenses $0
Program Expenses $62,963
Other Expenses $44,309
TOTAL EXPENSES $80,840

Year-over-Year Comparison

2023 2022 Change
Revenue $67,764 $88,455 -0.2%
Expenses $80,840 $107,011 -0.2%
Net Income $-13,076 $-18,556 -0.3%
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
3
Independent Members
N/A
Employees
1
Volunteers
1

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
$33,600
Total Directors
3
$33,600
Key Employees
1
$33,600
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David M Finkel President 40.00
Officer Director Key Emp Highest
$33,600 $0 $33,600
Dianne Feeley Vice President 30.00
Officer Director
$0 $0 $0
Jane Slaughter Sec-Treasurer 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $67,764 $80,840 $146,695 $-13,076
2022 $88,455 $107,011 $159,771 $-18,556
2021 $92,734 $108,459 $178,327 $-15,725
2020 $155,768 $111,898 $194,052 $43,870
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