MAKING CHANGE INC

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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

1991

Legal Domicile

Principal Officer

JASMINE BREWER

Phone

4435187647

Tax Period

2024-07-01 to 2025-06-30

MAKING CHANGE INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $344K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $381K exceeded revenue, resulting in a 11% operating deficit.

Mission

MAKING CHANGE, INC. PROVIDES FREE ONE-ON-ONE FINANCIAL COUNSELING TO INDIVIDUALS, AS WELL AS CUSTOMIZED FINANCIAL EDUCATION IN GROUP SETTINGS THROUGH ITS PARTNERSHIPS WITH LOCAL EMPLOYERS, COMMUNITY ORGANIZATIONS AND GOVERNMENTAL AGENCIES.

Program Service Accomplishments

Program 1

Expenses: $228,758 Revenue: $211,760

FINANCIAL COUNSELING: OUR MISSION IS ACHIEVED BY PROVIDING FINANCIAL SEMINARS, PERSONAL FINANCIAL COACHING, AND FREE TAX PREPARATION SERVICES, AS WELL AS, OUTREACH EFFORTS. ALTHOUGH OUR PROGRAMS...

FINANCIAL COUNSELING: OUR MISSION IS ACHIEVED BY PROVIDING FINANCIAL SEMINARS, PERSONAL FINANCIAL COACHING, AND FREE TAX PREPARATION SERVICES, AS WELL AS, OUTREACH EFFORTS. ALTHOUGH OUR PROGRAMS ADDRESS ISSUES OF CONCERN TO PEOPLE OF ALL AGES AND INCOME LEVELS, WE FOCUS PRIMARILY ON LOW INCOME POPULATIONS. OUR INTENT IS TO HELP INDIVIDUALS WORK TOWARDS SELF-SUFFICENCY. WE CONTINUE TO PARTNER WITH COMMUNITY ORGANIZATIONS TO INCREASE THE NUMBER OF PEOPLE WHO BENEFIT FROM OUR PROGRAMS.

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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 $278,241

Program Service Revenue $65,863

Investment Income $114

Other Revenue $0

TOTAL REVENUE $344,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $326,093

Fundraising Expenses $46,104

Program Expenses $228,758

Other Expenses $55,164

TOTAL EXPENSES $381,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,218	$409,982	-0.2%
Expenses	$381,257	$402,457	-0.1%
Net Income	$-37,039	$7,525	-5.9%

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

$134,609

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLIE SOWERS	DIRECTOR	5.00	Director	$0	$0	$0
CATHERINE B HARRINGTON	DIRECTOR	5.00	Director	$0	$0	$0
VALERIE JAMES	CHAIR	5.00	Officer Director	$0	$0	$0
KATIE DEAN	DIRECTOR	5.00	Director	$0	$0	$0
JASON WHONG	DIRECTOR	5.00	Director	$0	$0	$0
JASMINE BREWER	EXECUTIVE DIRECTOR	40.00	Officer	$134,609	$0	$134,609

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	$344,218	$381,257	$47,738	$-37,039
2024	$409,982	$402,457	$102,163	$7,525
2024	$409,982	$402,457	$102,163	$7,525
2023	$1,215,194	$1,227,121	$90,791	$-11,927
2022	$289,968	$292,638	$94,551	$-2,670
2021	$183,373	$211,309	$107,164	$-27,936
2020	$154,482	$180,185	$100,985	$-25,703
2020	$166,407	$180,185	$112,910	$-13,778
2019	$178,703	$198,397	$121,688	$-19,694
2018	$148,396	$222,774	$141,382	$-74,378