CHANGE SUMMER INC (EIN 830670185) - 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

2018

Legal Domicile

Principal Officer

JOSHUA PHILLIPS

Phone

6175938002

Tax Period

2023-10-01 to 2024-09-30

CHANGE SUMMER INC, founded in 2018, is a community nonprofit in the Youth Development sector that reported $6.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $7.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

CHANGE SUMMER PROVIDES STUDENTS FROM UNDER-RESOURCED COMMUNITIES WITH A SUMMER EXPERIENCE THAT INCREASES INDEPENDENCE, CURIOSITY, CONFIDENCE, AND RESPONSIBILITY - ALL CRITICAL SKILLS FOR A SUCCESSFUL FUTURE.

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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 $5,921,368

Program Service Revenue $146,586

Investment Income $11,795

Other Revenue $59,237

TOTAL REVENUE $6,138,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,503,694

Fundraising Expenses $247,438

Program Expenses $6,490,812

Other Expenses $3,671,885

TOTAL EXPENSES $7,175,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,138,986	$5,596,465	+0.1%
Expenses	$7,175,579	$6,185,573	+0.2%
Net Income	$-1,036,593	$-589,108	+0.8%

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

382

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

$328,184

Total Directors

$328,184

Key Employees

$189,803

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA PHILLIPS	CEO	40.00	Officer Director	$282,220	$45,964	$328,184
EVAN RUDALL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SAM BOREK	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE JACKSON	SECRETARY	1.00	Officer Director	$0	$0	$0
FATIMAH BARKER	DIRECTOR	1.00	Director	$0	$0	$0
JASON EPSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
LISETTE NIEVES	DIRECTOR	1.00	Director	$0	$0	$0
TYLER REEDER	DIRECTOR	1.00	Director	$0	$0	$0
BRIANA MITCHELL	PRESIDENT OF STRATEGY & OPERATIONS	40.00	Key Emp	$173,240	$16,563	$189,803
MICHAEL CALLAHAN	CAMP DIRECTOR	40.00	Highest	$116,820	$45,193	$162,013
IJEOMA DURU	CAMP DIRECTOR	40.00	Highest	$101,820	$16,612	$118,432
LAUREN PITCAIRN	CAMP DIRECTOR	40.00	Highest	$101,820	$16,612	$118,432
LINDSAY MACIK	DIR. OF MARKETING & COMMUNICATIONS	40.00	Highest	$101,820	$16,612	$118,432
MONIA JOHNSON	CAMP DIRECTOR	40.00	Highest	$101,820	$16,584	$118,404

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	$6,138,986	$7,175,579	$1,968,598	$-1,036,593
2023	$5,596,465	$6,185,573	$2,429,917	$-589,108
2022	$6,932,760	$5,143,603	$3,418,945	$1,789,157
2021	$2,592,483	$2,358,671	$1,090,174	$233,812
2020	$1,222,621	$971,431	$946,414	$251,190
2019	$1,875,727	$1,735,721	$202,695	$140,006

CHANGE SUMMER INC