INNOVATIVE CHANGES (EIN 800516996) - 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

2009

Legal Domicile

Principal Officer

PETER HAINLEY

Phone

5032495205

Tax Period

2018-07-01 to 2019-06-30

INNOVATIVE CHANGES, founded in 2009, is a small nonprofit that reported $156K in total revenue in fiscal year 2018. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $265K exceeded revenue, resulting in a 69% operating deficit.

Mission

INNOVATIVE CHANGES HELPS PEOPLE BUILD THEIR LONG TERM FINANCIAL HEALTH.

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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 (2018)

Revenue Breakdown

Contributions & Grants $56,248

Program Service Revenue $98,140

Investment Income $3

Other Revenue $2,001

TOTAL REVENUE $156,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,227

Program Expenses $220,446

Other Expenses $264,975

TOTAL EXPENSES $264,975

Year-over-Year Comparison

	2018	2017	Change
Revenue	$156,392	$223,938	-0.3%
Expenses	$264,975	$303,596	-0.1%
Net Income	$-108,583	$-79,658	+0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVORK ISIKBAY	PRESIDENT	0.50	Officer Director	$0	$0	$0
STEVE PAGENSTECHER	TREASURER	0.50	Officer Director	$0	$0	$0
SARAH CHENVEN	SECRETARY	0.50	Officer Director	$0	$0	$0
JOSH SLEDGE	DIRECTOR (BEG MAY18)	0.50	Director	$0	$0	$0
IAN GALLOWAY	DIRECTOR (BEG MAY18)	0.50	Director	$0	$0	$0
PETER HAINLEY	EXECUTIVE DIRECTOR	5.00	Officer	$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
2019	$156,392	$264,975	$517,718	$-108,583
2018	$223,938	$303,596	$437,626	$-79,658

INNOVATIVE CHANGES