THE CHANGE CENTER INC

EIN: 461885703 501(c)(3) Community Improvement

NORTH MYRTLE BEACH, SC

Total Revenue
$491,537
Total Expenses
$572,488
Total Assets
$2,109,302
Net Assets
$-926,132
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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
2013
Legal Domicile
SC
Principal Officer
DR LAUREN GILLIS
Phone
8434914322
Tax Period
2023-01-01 to 2023-12-31

THE CHANGE CENTER INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $492K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $572K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION OF THE CHANGE CENTER IS AN OUTREACH VENUE THAT PROVIDES ORGANIZATIONS WITH SPACE TO CONDUCT ACTIVITIES THAT BENEFIT THE COMMUNITY. WE PARTNER WITH ORGANIZATIONS THAT PROVIDE NEEDED SERVICES SUCH AS (1) PROVIDING MENTAL HEALTH SUPPORT, (2) PROVIDING SPACE TO CONDUCT NOT-FOR-PROFIT ACTIVITIES WITHIN A BUDGET THAT IS AFFORDABLE, (3) AND WORKING WITH OTHER AGENCIES SUCH AS WITH DOL TO DEVELOP AND TRAIN APPRENTICES. THE CENTER CONTINUES TO BE UTILIZED FOR A VARIETY OF COMMUNITY EVENTS SUCH AS LEADERSHIP DEVELOPMENT TRAINING, FUNDRAISING FOR HOMELESS VETERANS TO PROVIDE A HOME, AND CITY EVENTS. THE MISSION OF THE CHANGE CENTER REMAINS FOCUSED ON ITS COMMITMENT TO BUILD THE LOCAL CHURCH.

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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 $0
Program Service Revenue $491,537
Investment Income $0
Other Revenue $0
TOTAL REVENUE $491,537

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,663
Fundraising Expenses $0
Program Expenses $513,784
Other Expenses $540,825
TOTAL EXPENSES $572,488

Year-over-Year Comparison

2023 2022 Change
Revenue $491,537 $384,030 +0.3%
Expenses $572,488 $449,144 +0.3%
Net Income $-80,951 $-65,114 +0.2%
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
5
Independent Members
5
Employees
4
Volunteers
N/A

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
$8,750
Total Directors
5
$8,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN GILLIS PRESIDENT 30.00
Officer Director
$0 $0 $0
MICHAEL GILLIS VICE-PRESIDENT 10.00
Officer Director
$8,750 $0 $8,750
VICKI LYNCH TREASURER 0.00
Officer Director
$0 $0 $0
JILLIAN FRAZIER SECRETARY 2.00
Director
$0 $0 $0
AUSTIN FRAZIER DIRECTOR 2.00
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 $491,537 $572,488 $2,109,302 $-80,951
2022 $384,030 $449,144 $2,180,002 $-65,114
2021 $384,091 $433,995 $2,230,135 $-49,904
2020 $407,531 $409,691 $2,388,346 $-2,160
2019 $508,801 $567,290 $2,324,177 $-58,489
2018 $369,692 $404,422 $2,338,644 $-34,730
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