CHANGE LABS (EIN 833261055) - 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

2019

Legal Domicile

Principal Officer

HEATHER FLEMING

Phone

6508231605

Tax Period

2023-01-01 to 2023-12-31

CHANGE LABS, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $489K, a strong 29% operating margin.

Mission

TO CREATE FUTURE NATIVE CHANGE MAKERS IN COMMUNITY BUSINESSES

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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 $1,676,955

Program Service Revenue $6,680

Investment Income $24,404

Other Revenue $2,660

TOTAL REVENUE $1,710,699

Expense Breakdown

Grants Paid $20,908

Salaries & Benefits $530,166

Fundraising Expenses $69,368

Program Expenses $835,965

Other Expenses $670,392

TOTAL EXPENSES $1,221,466

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,710,699	$1,427,888	+0.2%
Expenses	$1,221,466	$822,986	+0.5%
Net Income	$489,233	$604,902	-0.2%

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

N/A

Employees

N/A

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

$102,055

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT ISAAC	BOARD CHAIR	1.00	Director	$0	$0	$0
ALLARICE MEEHAN	TREASURER	1.00	Director	$0	$0	$0
JACKSON BROSSY	DIRECTOR	0.00	Director	$0	$0	$0
MIRIAM JORGENSEN	DIRECTOR	0.00	Director	$0	$0	$0
HEATHER FLEMING	EXECUTIVE DIRECTOR	40.00	Officer	$102,055	$0	$102,055

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	$1,710,699	$1,221,466	$2,754,992	$489,233
2023	$1,610,698	$1,221,462	$2,654,994	$389,236
2022	$1,427,888	$822,986	$2,201,516	$604,902
2021	$1,375,788	$721,325	$1,603,927	$654,463
2021	$1,323,467	$715,080	$1,551,849	$608,387
2020	$1,383,463	$521,170	$922,318	$862,293

CHANGE LABS