CHIEFS FOR CHANGE

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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

2014

Legal Domicile

Principal Officer

ROBERT RUNCIE

Phone

2026817643

Tax Period

2023-01-01 to 2023-12-31

CHIEFS FOR CHANGE, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $13.6M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $16.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

BUILD A DIVERSE COMMUNITY OF STATE AND LOCAL EDUCATION CHIEFS DEDICATED TO OUR SHARED VISION AND SUPPORT THEM IN WAYS THAT MAXIMIZE THE SUCCESS OF THEIR EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $14,848,170 Revenue: $541,710

CHIEFS FOR CHANGE IS A NONPROFIT, BIPARTISAN NETWORK OF DIVERSE STATE AND DISTRICT EDUCATION CHIEFS DEDICATED TO PREPARING ALL STUDENTS FOR TODAY'S WORLD AND TOMORROW'S THROUGH DEEPLY COMMITTED...

CHIEFS FOR CHANGE IS A NONPROFIT, BIPARTISAN NETWORK OF DIVERSE STATE AND DISTRICT EDUCATION CHIEFS DEDICATED TO PREPARING ALL STUDENTS FOR TODAY'S WORLD AND TOMORROW'S THROUGH DEEPLY COMMITTED LEADERSHIP. CHIEFS FOR CHANGE ADVOCATES FOR POLICIES AND PRACTICES THAT ARE MAKING A DIFFERENCE TODAY FOR STUDENTS, AND BUILDS A PIPELINE OF TALENTED, DIVERSE FUTURE CHIEFS READY TO LEAD MAJOR SCHOOL SYSTEMS.

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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 $12,962,094

Program Service Revenue $531,694

Investment Income $55,974

Other Revenue $10,016

TOTAL REVENUE $13,559,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,819,214

Fundraising Expenses $345,540

Program Expenses $14,848,170

Other Expenses $12,496,819

TOTAL EXPENSES $16,316,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,559,778	$24,294,635	-0.4%
Expenses	$16,316,033	$25,180,256	-0.4%
Net Income	$-2,756,255	$-885,621	+2.1%

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

$336,057

Total Directors

$117,698

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE SCHMIDT	CHIEF OF TECHNICAL ASST. PROG.	40.00	Highest	$204,660	$28,223	$232,883
LEILA WALSH	CEAO THRU 10/12/2023	40.00	Officer	$196,147	$22,212	$218,359
STEPHANIE ZAMORANO	SR. DIR., DEVELOPMENT	40.00	Highest	$188,138	$26,669	$214,807
JAMAR KNOX	SR. DIRECTOR, FINANCE & OPS.	40.00	Highest	$161,906	$52,061	$213,967
KIMBERLY TANG	SR. DIR., MSHP. & FUTURE CHIEFS	40.00	Highest	$193,138	$9,510	$202,648
DANIELLE DURBIN	SR. DIR., COMMUNICATIONS	40.00	Highest	$130,327	$39,371	$169,698
ROBERT RUNCIE	CEO	40.00	Officer Director	$109,333	$8,365	$117,698
LEWIS FEREBEE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA GRANT	BOARD DIRECTOR THRU 8/29/23	1.00	Director	$0	$0	$0
SCOTT MURI	BOARD DIRECTOR A/O 08/29/2023	1.00	Director	$0	$0	$0
ALEESIA JOHNSON	BOARD DIRECTOR A/O 08/29/2023	1.00	Director	$0	$0	$0
GUSTAVO BALDERAS	BOARD DIRECTOR A/O 08/29/2023	1.00	Director	$0	$0	$0
PEDRO MARTINEZ	DIRECTOR/BOARD CHAIR	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
2024	No data	No data	No data	No data
2023	$13,559,778	$16,316,033	$14,262,015	$-2,756,255
2022	$24,294,635	$25,180,256	$20,555,172	$-885,621
2021	$22,072,365	$20,983,699	$30,000,112	$1,088,666
2020	$11,267,861	$10,305,541	$9,919,819	$962,320
2019	$7,377,630	$4,308,163	$8,834,965	$3,069,467
2018	$6,125,841	$4,694,621	$5,707,330	$1,431,220