CHANGE IS POSSIBLE (CHIPS) INC (EIN 621519383) - Form 990 Financial Analysis & Trantor Score

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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

1992

Principal Officer

ROBERT STROMBERG

Phone

4237430022

Tax Period

2024-07-01 to 2025-06-30

CHANGE IS POSSIBLE (CHIPS) INC, founded in 1992, is a small nonprofit in the Unknown sector that reported $479K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $463K left a modest 3% surplus.

Mission

PROVIDE SHELTER AND COURT ADVOCACY FOR VICTIMS OF DOMESTIC VIOLENCE.

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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 $321,179

Program Service Revenue $151,107

Investment Income $6,500

Other Revenue $0

TOTAL REVENUE $478,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $331,872

Fundraising Expenses $0

Program Expenses $429,083

Other Expenses $130,934

TOTAL EXPENSES $462,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$478,786	$584,962	-0.2%
Expenses	$462,806	$602,011	-0.2%
Net Income	$15,980	$-17,049	-1.9%

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

$98,219

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN MCAMIS	EXECUTIVE DI	40.00	Officer	$88,219	$0	$88,219
ROBERT STROMBERG	FINANCIAL DI	1.00	Officer	$10,000	$0	$10,000
PAUL FARNOR	MEMBER	1.00	Director	$0	$0	$0
BRIAN GLOVER	MEMBER	1.00	Director	$0	$0	$0
AL HAMLETT	MEMBER	1.00	Director	$0	$0	$0
TODD HULL	MEMBER	1.00	Director	$0	$0	$0
MARK LAFEVER	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
ANGIE MARTIN	SECRETARY	1.00	Director	$0	$0	$0
PAM MOBLEY	MEMBER	1.00	Director	$0	$0	$0
NANCY TOLLEY	MEMBER	1.00	Director	$0	$0	$0
SHERRY WHITSON	CHAIRMAN	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
2025	$478,786	$462,806	$575,737	$15,980
2024	$584,962	$602,011	$559,757	$-17,049
2023	$675,921	$521,785	$576,806	$154,136
2022	$773,538	$724,935	$422,670	$48,603
2021	$569,671	$489,788	$374,067	$79,883
2020	$383,358	$400,152	$348,212	$-16,794
2019	$427,895	$386,228	$310,978	$41,667

CHANGE IS POSSIBLE (CHIPS) INC