VEHICLES FOR 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

1999

Legal Domicile

Principal Officer

MARTIN SCHWARTZ

Phone

4102429674

Tax Period

2023-07-01 to 2024-06-30

VEHICLES FOR CHANGE INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $5.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

VEHICLES FOR CHANGE'S GOAL IS TO BUILD A SUSTAINABLE CAR AWARD PROGRAM IN THE MARYLAND-VIRGINIA-WASHINGTON DC REGION AND THEN REPLICATE THAT PROGRAM NATIONALLY, AIMING TO BRING INDEPENDENT TRANSPORTATION AND TRAINING IN THE AUTOMOTIVE FIELD TO AS MANY PEOPLE AS POSSIBLE.

Program Service Accomplishments

Program 1

Expenses: $5,068,231 Revenue: $889,434

PROVISION OF VEHICLES IN WELFARE TO WORK 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 (2023)

Revenue Breakdown

Contributions & Grants $3,816,379

Program Service Revenue $391,142

Investment Income $0

Other Revenue $498,293

TOTAL REVENUE $4,705,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,522,995

Fundraising Expenses $47,381

Program Expenses $5,068,231

Other Expenses $2,761,092

TOTAL EXPENSES $5,284,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,705,814	$5,351,416	-0.1%
Expenses	$5,284,087	$4,617,724	+0.1%
Net Income	$-578,273	$733,692	-1.8%

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

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

$182,607

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACELYN A MCDERMOTT	BOARD MEMBER	12.00	Director	$0	$0	$0
GREG PACKER	BOARD MEMBER	12.00	Director	$0	$0	$0
EARL JOHNSON PHD	BOARD MEMBER	12.00	Director	$0	$0	$0
GEOFFREY BUND	BOARD MEMBER	12.00	Director	$0	$0	$0
MARK ALLEN	BOARD MEMBER	12.00	Director	$0	$0	$0
DUANE FILEY	BOARD MEMBER	12.00	Director	$0	$0	$0
CHRIS HENDRICKSON	FINANCE COMMITTEE CHAIR	12.00	Director	$0	$0	$0
ELIZABETH KEMP CAULDER	BOARD MEMBER	12.00	Director	$0	$0	$0
ANDY KOBLENZ	BOARD MEMBER	12.00	Director	$0	$0	$0
RAYMONE JACKSON	BOARD MEMBER	12.00	Director	$0	$0	$0
DANA FARRAKHAN	BOARD MEMBER	12.00	Director	$0	$0	$0
ROBERT L GREEN	BOARD MEMBER	12.00	Director	$0	$0	$0
MARTIN SCHWARTZ	BOARD MEMBER	12.00	Director	$0	$0	$0
STEPHEN TAORMINO	BOARD MEMBER	12.00	Director	$0	$0	$0
DONOVAN N RINGO	BOARD MEMBER	12.00	Director	$0	$0	$0
NICHOLE PANECK	BOARD MEMBER	12.00	Director	$0	$0	$0
JARED KRIEGER CPP PSP	BOARD MEMBER	12.00	Director	$0	$0	$0
ERIC ANDREWS	BOARD CHAIR	12.00	Officer	$0	$0	$0
MARTIN SCHWARTZ	PRESIDENT	40.00	Officer	$182,607	$0	$182,607

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	No data	No data	No data	No data
2024	$4,705,814	$5,284,087	$4,886,636	$-578,273
2023	$5,351,416	$4,617,724	$5,409,604	$733,692
2022	$4,035,305	$3,882,885	$4,836,111	$152,420
2021	$4,109,181	$3,700,536	$4,181,181	$408,645
2020	$5,047,572	$4,323,475	$4,065,796	$724,097
2019	$4,773,356	$4,707,757	$2,637,310	$65,599
2018	$4,888,393	$5,152,082	$2,711,535	$-263,689