Brooklyn, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Change Machine, founded in 2006, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $3.3M exceeded revenue, resulting in a 22% operating deficit.
DESCRIPTION OF ORGANIZATION MISSION: CHANGE MACHINES MISSION IS TO BUILD FINANCIAL SECURITY FOR LOW-INCOME COMMUNITIES THROUGH PEOPLE-POWERED TECHNOLOGY. CHANGE MACHINE ACCOMPLISHES THIS MISSION THROUGH A TECHNOLOGY PLATFORM THAT AMPLIFIES THE IMPACT OF SOCIAL SERVICE ORGANIZATIONS AND PUBLIC AGENCIES WORKING WITH PEOPLE TO ACHIEVE FINANCIAL GOALS. ITS PARTNERSHIPS BUILD A COMMUNITY OF PRACTICE, AND ITS INSIGHTS INFLUENCE LASTING ECONOMIC CHANGE.
CAPACITY BUILDING - CHANGE MACHINES BUSINESS-TO-BUSINESS CONSULTING SERVICES ARE DESIGNED TO BUILD CAPACITY AT ORGANIZATIONS THAT WORK WITH LOW-INCOME PEOPLE LOCALLY AND NATIONALLY. THE TEAM PROVIDES...
CAPACITY BUILDING - CHANGE MACHINES BUSINESS-TO-BUSINESS CONSULTING SERVICES ARE DESIGNED TO BUILD CAPACITY AT ORGANIZATIONS THAT WORK WITH LOW-INCOME PEOPLE LOCALLY AND NATIONALLY. THE TEAM PROVIDES TRAINING AND TECHNICAL ASSISTANCE TO BUILD FINANCIAL SECURITY STRATEGIES INTO THE DAILY INTERACTIONS OF FRONTLINE STAFF AT PARTNER ORGANIZATIONS. THIS INCLUDES TRAINING FOR FRONTLINE STAFF TO ENGAGE THEIR CUSTOMERS IN CONVERSATIONS ABOUT PERSONAL FINANCE, AS WELL AS SUPPORT FOR LEADERSHIP TO FULLY IMPLEMENT AN INTEGRATED APPROACH TO FINANCIAL SECURITY SERVICES WITHIN THEIR PROGRAMS AND ORGANIZATIONS.
PRODUCT DEVELOPMENT (PLATFORM) - BUILDING FINANCIAL SECURITY USING PEOPLE-POWERED TECHNOLOGY IS CORE TO CHANGE MACHINES MISSION. ITS REVOLUTIONARY CLOUD-BASED PLATFORM, WHICH OPERATES AS A B2B2C...
PRODUCT DEVELOPMENT (PLATFORM) - BUILDING FINANCIAL SECURITY USING PEOPLE-POWERED TECHNOLOGY IS CORE TO CHANGE MACHINES MISSION. ITS REVOLUTIONARY CLOUD-BASED PLATFORM, WHICH OPERATES AS A B2B2C SOFTWARE AS A SERVICE (SAAS) SOCIAL ENTERPRISE, PROVIDES A SINGLE PLATFORM WHERE PRACTITIONERS CAN LEARN BEST FINANCIAL COACHING PRACTICES; ACCESS TOOLS AND INFORMATION; AND PARTICIPATE IN A PROFESSIONAL SOCIAL NETWORK SPECIFICALLY DESIGNED FOR THE FIELD. BUILT BY PRACTITIONERS FOR PRACTITIONERS, CHANGE MACHINES FINANCIAL COACHING PLATFORM PROVIDES A ONE-STOP SHOP FOR EFFECTIVE RESOURCES PRACTITIONERS CAN USE TO ADDRESS THEIR CUSTOMERS UNDERLYING FINANCIAL INSECURITY.
RESEARCH & POLICY - CHANGE MACHINE DEVELOPS AND ADVOCATES FOR POLICY REFORMS AND SYSTEMIC CHANGES THAT WILL REMOVE OBSTACLES TO FINANCIAL SECURITY. CHANGE MACHINE BUILDS COALITIONS AND PARTNERS WITH...
RESEARCH & POLICY - CHANGE MACHINE DEVELOPS AND ADVOCATES FOR POLICY REFORMS AND SYSTEMIC CHANGES THAT WILL REMOVE OBSTACLES TO FINANCIAL SECURITY. CHANGE MACHINE BUILDS COALITIONS AND PARTNERS WITH ADVOCACY GROUPS, RESEARCHERS, THINK TANKS, PRACTITIONERS, AND LOCAL, STATE, AND FEDERAL POLICYMAKERS TO GUIDE AND SUPPORT ITS POLICY AGENDA. ITS IN-HOUSE RESEARCH AND POLICY TEAM SURFACES INSIGHTS USING CUSTOMER DATA CAPTURED ON THE CHANGE MACHINE PLATFORM. CHANGE MACHINE USES ITS DATA AND RESEARCH TO LEVERAGE LESSONS LEARNED ON THE GROUND TO CREATE IMPACT FAR BEYOND AN INITIAL PROGRAM - INFORMING BEST PRACTICES, THE FIELD, AND PUBLIC POLICY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,662,753 | $1,330,384 | +1.0% |
| Expenses | $3,256,530 | $4,521,636 | -0.3% |
| Net Income | $-593,777 | $-3,191,252 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mae Watson Grote | CEO | 40.00 |
Officer
|
$246,408 | $93,255 | $339,663 |
| David Bautista | Chief Prod & Tech | 40.00 |
|
$156,063 | $27,127 | $183,190 |
| Kattherine Reeves | Chief Strategy Off | 40.00 |
|
$142,193 | $28,718 | $170,911 |
| Tamika Johnson | Chief Engmt/Adopti | 40.00 |
|
$155,238 | $14,142 | $169,380 |
| Martinez PaniaguaJesus | Engineering Lead | 40.00 |
|
$114,568 | $10,738 | $125,306 |
| Kevin McQueen | Board Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Andy Tuckett | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Rhonda Mower | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Ross Hamilton | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Jasmine Colquitt | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Jason Wallace | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,662,753 | $3,256,530 | $2,683,319 | $-593,777 |
| 2023 | $1,330,384 | $4,521,636 | $3,468,128 | $-3,191,252 |
| 2022 | $6,213,887 | $5,493,888 | $6,769,108 | $719,999 |
| 2021 | $6,179,294 | $4,859,398 | $5,832,796 | $1,319,896 |
| 2020 | $3,496,701 | $4,243,126 | $4,942,472 | $-746,425 |
| 2019 | $5,297,334 | $3,425,691 | $5,322,432 | $1,871,643 |
| 2018 | $1,967,970 | $4,361,149 | $3,456,366 | $-2,393,179 |
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