FAIR CHANCE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

GRETCHEN VAN DER VEER

Phone

2024672420

Tax Period

2023-01-01 to 2023-12-31

FAIR CHANCE, founded in 2003, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

FAIR CHANCE STRENGTHENS COMMUNITY-BASED NONPROFITS TO ACHIEVE LIFE-CHANGING RESULTS FOR CHILDREN, YOUTH, AND FAMILIES IN COMMUNITIES IMPACTED BY RACISM, DISCRIMINATION, AND POVERTY.

Program Service Accomplishments

Program 1

Expenses: $481,684 Revenue: $470,258

READY FOR WORK NONPROFIT CAPACITY BUILDING INITIATIVE - READY FOR WORK INITIATIVE IS AN INVITATION-ONLY PROGRAM FOR NONPROFITS IN PRINCE GEORGE'S COUNTY, MD. IT IS A 3-YEAR PARTNERSHIP WITH SELECTED NONPROFITS TO HELP IMPROVE ORGANIZATIONAL OUTCOMES AND STRENGTHEN THEIR CAPACITY TO SUPPORT YOUNG PEOPLE IN ACHIEVING THEIR GOALS. INITIATIVE OF THE PG COUNTY AND CO-MANAGED BY YOUTH INVEST PARTNERS.

Program 2

Expenses: $270,302

PATHWAYS PARTNERSHIP - PATHWAYS IS AN 8-MONTH PARTNERSHIP FOR SMALL NONPROFITS (TYPICALLY WITH BUDGETS BETWEEN $50K-$250K) THAT DEEPENS NONPROFIT LEADERS' KNOWLEDGE AND SKILLS ACROSS FOUR KEY AREAS OF AN ORGANIZATION (BOARD DEVELOPMENT, FUNDRAISING, LEADERSHIP & MANAGEMENT, AND PROGRAM EVALUATION) AND PROVIDES TOOLS AND SUPPORT TO ADVANCE THE ORGANIZATION'S MISSION, STABILITY, AND GROWTH.

Program 3

Expenses: $263,146

PRAXIS PARTNERSHIP- PRAXIS FOCUSES ON STRENGTHENING LEADERSHIP AND ORGANIZATIONAL SYSTEMS ACROSS FOUR OR MORE OF THE FOLLOWING AREAS: BOARD DEVELOPMENT, FINANCIAL MANAGEMENT, FUNDRAISING, HUMAN...

PRAXIS PARTNERSHIP- PRAXIS FOCUSES ON STRENGTHENING LEADERSHIP AND ORGANIZATIONAL SYSTEMS ACROSS FOUR OR MORE OF THE FOLLOWING AREAS: BOARD DEVELOPMENT, FINANCIAL MANAGEMENT, FUNDRAISING, HUMAN RESOURCES, LEADERSHIP & MANAGEMENT, OUTREACH & COMMUNICATIONS, PLANNING & STRATEGY, AND PROGRAM EVALUATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,751,179

Program Service Revenue $470,258

Investment Income $13,308

Other Revenue $-85,081

TOTAL REVENUE $2,149,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,832,293

Fundraising Expenses $558,145

Program Expenses $1,530,650

Other Expenses $601,278

TOTAL EXPENSES $2,470,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,149,664	$2,945,127	-0.3%
Expenses	$2,470,471	$2,637,754	-0.1%
Net Income	$-320,807	$307,373	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$309,311

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN MCCULLOUGH VC UNTIL	04/2023); CHAIR (AS OF 04/2023)	2.00	Officer Director	$0	$0	$0
THEODORE KUBIT	CHAIR (UNTIL 04/2023)	2.00	Officer Director	$0	$0	$0
MIZMUN KUSAIRI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SARAH JACKSON	SECRETARY	2.00	Officer Director	$0	$0	$0
GLENN BARNES	TREASURER	2.00	Officer Director	$0	$0	$0
NEKEISIA BOOYER	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR CARRAWAY	DIRECTOR	2.00	Director	$0	$0	$0
MARCUS COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
BRENDAN COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
GEORGIA GILLETTE	DIRECTOR	2.00	Director	$0	$0	$0
BRENDAN HERRON	DIRECTOR	2.00	Director	$0	$0	$0
NORMAN IRELAND	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
SONIA WILLIAMS MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
JIM MYERS	DIRECTOR	2.00	Director	$0	$0	$0
BENNETT STICHMAN	DIRECTOR	2.00	Director	$0	$0	$0
JOY ZAREMBKA	DIRECTOR	2.00	Director	$0	$0	$0
GRETCHEN VAN DER VEER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$144,724	$32,521	$177,245
JASON MCCRAY	CHIEF OPERATING OFFICER	40.00	Officer	$114,927	$17,139	$132,066
ANN G BIRNBAUM MILES	CHIEF PROGRAM OFFICER	40.00	Highest	$118,038	$26,399	$144,437
TAMALA SCOTT	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$116,014	$8,342	$124,356

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	No data	No data	No data	No data
2023	$2,149,664	$2,470,471	$1,812,875	$-320,807
2022	$2,945,127	$2,637,754	$1,895,790	$307,373
2021	$1,922,971	$2,312,783	$1,542,511	$-389,812
2020	$1,894,705	$2,443,031	$1,951,469	$-548,326
2019	$3,473,143	$1,980,062	$2,396,176	$1,493,081
2019	$3,473,143	$1,980,062	$2,396,176	$1,493,081
2018	$1,794,638	$1,988,208	$929,852	$-193,570
2018	$1,758,357	$1,986,715	$989,852	$-228,358