CHANGE HAPPENS CDC (EIN 743080706) - 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

2003

Legal Domicile

Principal Officer

Leslie Smith II

Phone

7133741100

Tax Period

2023-09-01 to 2024-08-31

CHANGE HAPPENS CDC, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 601% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 70% operating margin.

Mission

Provide social services to the community with low to moderate rental and development properties in Harris county and supporting communities.

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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 $538,667

Program Service Revenue $0

Investment Income $2,601,581

Other Revenue $144,955

TOTAL REVENUE $3,285,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,727

Fundraising Expenses $0

Program Expenses $827,820

Other Expenses $648,905

TOTAL EXPENSES $976,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,285,203	$468,693	+6.0%
Expenses	$976,632	$838,795	+0.2%
Net Income	$2,308,571	$-370,102	-7.2%

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

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

$171,168

Total Directors

Key Employees

$125,005

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leslie Smith II	Executive Director	40	Officer Key Emp Highest	$75,005	$50,000	$125,005
Larry Baty	Chief Financial Officer	12	Officer	$46,163	$0	$46,163
Larry Hawkins	Board Chairman	0	Director	$0	$0	$0
LaTricia Williams	Board Member	0	Director	$0	$0	$0
Obediah Lewis	Board Member	0	Director	$0	$0	$0
Eddie Robinson	Board Member	0	Director	$0	$0	$0
Kendrick White	Board Member	0	Director	$0	$0	$0
Raymond Bourgeois	Board Member	0	Director	$0	$0	$0
Debbie Jones	Board Member	0	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	$3,285,203	$976,632	$5,777,249	$2,308,571
2023	$468,693	$838,795	$3,403,315	$-370,102
2022	$511,682	$795,638	$3,582,985	$-283,956
2021	$1,398,059	$703,511	$4,117,004	$694,548
2020	$524,083	$754,214	$3,578,315	$-230,131

CHANGE HAPPENS CDC