GIVE CHANCES INC (EIN 450725864) - 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

HYUNGMIN LEE

Phone

2012660640

Tax Period

2024-01-01 to 2024-12-31

GIVE CHANCES INC, founded in 2011, is a small nonprofit in the International Affairs sector that reported $511K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $583K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ENCOURAGE EDUCATION AND EDUCATIONAL EXCELLENCE THROUGH ACADEMIC PROGRAMS, GRANTS, SCHOLARSHIP, AND FINANCIAL ASSISTANCE TO THE STUDENTS AND PEOPLE UNDERPRIVILEGED IN THE UNITED STATES AND DEVELOPING COUNTRIES WHO DO NOT HAVE LEARNING OPPORTUNITIES DUE TO FINANCIAL HARDSHIP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $359,440

Program Service Revenue $104,457

Investment Income $47,542

Other Revenue $0

TOTAL REVENUE $511,439

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $195,835

Fundraising Expenses $0

Program Expenses $406,820

Other Expenses $385,488

TOTAL EXPENSES $582,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$511,439	$622,206	-0.2%
Expenses	$582,823	$361,516	+0.6%
Net Income	$-71,384	$260,690	-1.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

450

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

$116,074

Total Directors

$116,074

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YOUNG NA LEE	SECRETARY AND ED	40.00	Officer Director	$115,990	$0	$116,074
JIMMY SONG	TRUSTEE	1.00	Director	$0	$0	$0
DONGJIN OH	TRUSTEE	1.00	Director	$0	$0	$0
HYUNGMIN LEE	PRESIDENT	5.00	Officer Director	$0	$0	$0
SANGGIL LEE	TREASURER	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	$511,439	$582,823	$489,068	$-71,384
2023	$622,206	$361,516	$588,301	$260,690
2023	$622,206	$361,516	$588,301	$260,690
2023	$622,206	$361,516	$588,301	$260,690
2022	$320,074	$392,478	$310,849	$-72,404
2021	$361,585	$285,331	$373,128	$76,254
2020	$295,075	$248,834	$275,402	$46,241
2019	$255,339	$270,258	$244,298	$-14,919
2018	$168,998	$320,274	$251,664	$-151,276

GIVE CHANCES INC