RECIPE FOR CHANGE

EIN: 472510670 501(c)(3) Crime & Legal

Winnetka, IL

Total Revenue
$780,260
Total Expenses
$556,298
Total Assets
$658,819
Net Assets
$650,674
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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
IL
Phone
3126590975
Tax Period
2024-01-01 to 2024-12-31

RECIPE FOR CHANGE, founded in 2014, is a small nonprofit in the Crime & Legal sector that reported $780K in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 29% operating margin.

Mission

RECIPE FOR CHANGE IS PROVIDING MENTORING AND GUIDANCE TO DETAINEES IN THE JAIL AND PRISON SYSTEM THROUGH CULINARY, FINE ARTS AND LIFE SKILLS TRAINING WHILE REINFORCING THE VALUE OF WORK AND PERSONAL RESPONSIBILTY

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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 (2024)

Revenue Breakdown

Contributions & Grants $556,567
Program Service Revenue $223,656
Investment Income $37
Other Revenue $0
TOTAL REVENUE $780,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $70,844
Fundraising Expenses $16,256
Program Expenses $463,711
Other Expenses $485,454
TOTAL EXPENSES $556,298

Year-over-Year Comparison

2024 2023 Change
Revenue $780,260 $420,850 +0.9%
Expenses $556,298 $275,135 +1.0%
Net Income $223,962 $145,715 +0.5%
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
2
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
4
$37,500
Total Directors
5
$37,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUNO ABATE CHAIRMAN 40.00
Officer Director
$37,500 $0 $37,500
CAROLYN KURTZ SECRETARY 1.00
Officer Director
$0 $0 $0
SUE OLEARY TREASURER 4.00
Officer Director
$0 $0 $0
DANIEL TOWNSEND DIRECTOR 1.00
Director
$0 $0 $0
CLIFFORD NORRIS VICE PRESIDENT 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 $780,260 $556,298 $658,819 $223,962
2023 $420,850 $275,135 $467,611 $145,715
2022 $329,187 $398,083 $313,516 $-68,896
2021 $331,972 $208,392 $388,322 $123,580
2020 $260,244 $276,800 $315,107 $-16,556
2019 $290,076 $306,238 $276,309 $-16,162
2018 $219,770 $189,692 $295,205 $30,078
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