CHANGINGGEARS INC (EIN 450612130) - 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

2011

Legal Domicile

Principal Officer

JOEL BOKELMAN

Phone

5133572004

Tax Period

2023-01-01 to 2023-12-31

CHANGINGGEARS INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $960K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $886K left a modest 8% surplus.

Mission

TO EMPOWER PEOPLE WHO ARE WORKING TOWARDS PROSPERITY BY PROVIDING AFFORDABLE TRANSPORTATION SOLUTIONS.

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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 $807,748

Program Service Revenue $61,967

Investment Income $27

Other Revenue $90,168

TOTAL REVENUE $959,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $505,046

Fundraising Expenses $172,257

Program Expenses $352,454

Other Expenses $381,446

TOTAL EXPENSES $886,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$959,910	$769,671	+0.2%
Expenses	$886,492	$725,757	+0.2%
Net Income	$73,418	$43,914	+0.7%

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

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

$79,468

Total Directors

$79,468

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL BOKELMAN	EXECUTIVE DIRECTOR	45.00	Officer Director	$79,468	$0	$79,468
TIM BURGOYNE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JR FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN HEINZMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
AUSTIN MUSSER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD TRAUTH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WHITMER	TREASURER	1.00	Officer Director	$0	$0	$0
LATASHA PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KELLY	DIRECTOR	1.00	Director	$0	$0	$0
LIZ JORDAN	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	$959,910	$886,492	$662,113	$73,418
2022	$769,671	$725,757	$560,050	$43,914
2021	$535,361	$529,690	$588,508	$5,671
2020	$605,048	$387,789	$538,651	$217,259
2019	$497,208	$420,689	$303,146	$76,519
2018	$369,703	$340,071	$199,200	$29,632

CHANGINGGEARS INC