KEY CHANGE INC (EIN 833116152) - 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

C CHASE KOCH

Phone

3168281680

Tax Period

2024-01-01 to 2024-12-31

KEY CHANGE INC, founded in 2018, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $61.7M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $95.6M exceeded revenue, resulting in a 55% operating deficit.

Mission

SUPPORTING PRINCIPLED BASED ORGANIZATIONS THAT EMPOWER PEOPLE TO REALIZE THEIR POTENTIAL

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,882,178

Program Service Revenue $0

Investment Income $42,286,648

Other Revenue $545,253

TOTAL REVENUE $61,714,079

Expense Breakdown

Grants Paid $70,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,000,000

Other Expenses $25,563,987

TOTAL EXPENSES $95,563,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,714,079	$133,946,713	-0.5%
Expenses	$95,563,987	$79,054,826	+0.2%
Net Income	$-33,849,908	$54,891,887	-1.6%

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
C CHASE KOCH	DIRECTOR/PRES./SEC./TREAS.	1.00	Officer Director	$0	$0	$0
ELAINE M KOHLER RESIGNED	ASST. TREAS.	0.00	Officer	$0	$0	$0
BRANDON BAKER	ASST. TREAS.	1.00	Officer	$0	$0	$0
KELLY A KENNEY	SECRETARY	1.00	Officer	$0	$0	$0
JESSICA STAFFORD	TREASURER	1.00	Officer	$0	$0	$0
DOUGLAS L JOHNS	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
RAFFAELE G FAZIO	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
SIERRA WHITMORE	VICE-PRESIDENT	1.00	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
2024	$61,714,079	$95,563,987	$1,212,194,537	$-33,849,908
2023	$133,946,713	$79,054,826	$1,246,044,443	$54,891,887
2022	$45,978,927	$125,635,580	$1,191,152,556	$-79,656,653
2021	$69,570,660	$98,630,671	$1,278,082,464	$-29,060,011
2020	$1,246,385,728	$15,735,697	$1,259,204,996	$1,230,650,031
2019	$8,937,270	$10,324,041	$37,142,000	$-1,386,771
2018	$37,543,368	$10,810	$37,532,558	$37,532,558

KEY CHANGE INC