FAIR CHANCE

EIN: 743091832 501(c)(3) Human Services

WASHINGTON, DC

Total Revenue
$2,149,664
Total Expenses
$2,470,471
Total Assets
$1,812,875
Net Assets
$1,265,490
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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
DC
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

STRENGTHEN SUSTAINABILITY OF COMMUNITY BASED NON-PROFITS TO BENEFIT THOSE EXPERIENCING POVERTY.

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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%)

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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
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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

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Governance

Voting Members
16
Independent Members
16
Employees
19
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
7
$309,311
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
2
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
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