IMPACT WORLD CHANGE INC

EIN: 854239939 501(c)(3) Religion

NISSWA, MN

Total Revenue
$349,671
Total Expenses
$371,218
Total Assets
$122,707
Net Assets
$62,674
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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
2020
Legal Domicile
MN
Principal Officer
SETH NEISTADT
Phone
2188202002
Tax Period
2023-01-01 to 2023-12-31

IMPACT WORLD CHANGE INC, founded in 2020, is a small nonprofit in the Religion sector that reported $350K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TRAINING AND LEADERSHIP DEVELOPMENT: IMPACT WORLD CHANGE OFFERS FAITH-BASED CLASSES, PEER ADVISORY GROUPS, CONFERENCES, AND OTHER PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR FUTURE AND CURRENT BUSINESS ORGANIZATIONS, CHURCH LEADERS, AND YOUTH LEADERS. WE COMMUNICATE THE GOSPEL OF JESUS CHRIST IN THE MARKETPLACE, AND HELP OTHER BUSINESS AND PROFESSIONALS LIVE AND PRESENT THEIR FAITH WHERE THEY LIVE AND WORK.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $342,016
Program Service Revenue $0
Investment Income $0
Other Revenue $7,655
TOTAL REVENUE $349,671

Expense Breakdown

Grants Paid $101,468
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $371,218
Other Expenses $269,750
TOTAL EXPENSES $371,218

Year-over-Year Comparison

2023 2022 Change
Revenue $349,671 $390,245 -0.1%
Expenses $371,218 $320,126 +0.2%
Net Income $-21,547 $70,119 -1.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
30

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALYSSA NEISTADT SECRETARY 3.00
Officer Director
$0 $0 $0
SETH NEISTADT BOARD CHAIR 5.00
Officer Director
$0 $0 $0
GREG WESTLING TREASURER 2.00
Officer Director
$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
2023 $349,671 $371,218 $122,707 $-21,547
2022 $390,245 $320,126 $164,581 $70,119
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