KEY TO 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

2016

Legal Domicile

Principal Officer

DR QUINTON I MORRIS

Phone

4259703540

Tax Period

2024-07-01 to 2025-06-30

KEY TO CHANGE, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 19% operating margin.

Mission

TO INSPIRE UNDERSERVED YOUTH THROUGH WORLD CLASS MUSIC INSTRUCTION AND TO SUPPORT THEIR DEVELOPMENT AS SELF-AWARE LEADERS.

Program Service Accomplishments

Program 1

Expenses: $505,470 Revenue: $111,883

THE CORNERSTONE OF OUR PROGRAM ARE WEEKLY VIOLIN AND VIOLA LESSONS TO OVER 2,000 MIDDLE AND HIGH SCHOOL STUDENTS. OUR LESSONS TAKE PLACE AFTER SCHOOL, PROVIDING A SAFE AND STRUCTURED ENVIRONMENT FOR STUDENTS WITH WORKING PARENTS. WE OFFER OUR LESSONS AT BELOW MARKET RATE, MAKING THEM AVAILABLE TO A MORE DIVERSE RANGE OF STUDENTS. ADDITIONALLY, WE HOST AN ANNUAL SOLO STRING FESTIVAL, NUMEROUS GUEST ARTIST MASTER CLASSES, AN ACADEMIC LECTURE SERIES WITH GUEST PROFESSORS AND PROFESSIONALS AND COMMUNITY OUTREACH PERFORMANCES. ALL OF THESE EVENTS ARE NOT ONLY FOR OUR RESIDENT STUDENTS, BUT THEY ARE AVAILABLE FREE OF CHARGE FOR OTHER STUDENTS IN THE COMMUNITY TO ATTEND. WE ALSO PROVIDE SUPPORT FOR OUR ALUMNI, WHO REMAIN ACTIVE IN OUR PROGRAM.

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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 $900,018

Program Service Revenue $111,883

Investment Income $6,516

Other Revenue $4,987

TOTAL REVENUE $1,023,404

Expense Breakdown

Grants Paid $35,142

Salaries & Benefits $515,137

Fundraising Expenses $182,417

Program Expenses $505,470

Other Expenses $252,921

TOTAL EXPENSES $832,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,023,404	$783,711	+0.3%
Expenses	$832,848	$629,668	+0.3%
Net Income	$190,556	$154,043	+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

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

$92,455

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX DIAZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN LELAND	TREASURER	1.00	Officer Director	$0	$0	$0
BRENDA BARNES	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW FELDMEYER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DR QUINTON MORRIS	EXECUTIVE DIRECTOR	40.00	Officer	$84,781	$7,674	$92,455

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
2025	$1,023,404	$832,848	$813,307	$190,556
2024	$783,711	$629,668	$564,691	$154,043
2023	$526,952	$520,602	$329,807	$6,350
2022	$494,803	$400,321	$274,903	$94,482
2021	$357,730	$335,805	$168,857	$21,925
2020	$234,324	$157,777	$146,951	$76,547