Changing Echoes Inc (EIN 943049415) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

Janet Darone

Phone

2097853666

Tax Period

2023-07-01 to 2024-06-30

Changing Echoes Inc, founded in 1989, is a small nonprofit in the Mental Health sector that reported $929K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $882K left a modest 5% surplus.

Mission

The mission of Changing Echoes, Inc is to take leadership to optimize the client's health, safety and well-being in the most cost effective way possible. This is accomplished by providing primary treatment for the chemically dependent adult.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $602,589

Program Service Revenue $318,962

Investment Income $2,090

Other Revenue $5,438

TOTAL REVENUE $929,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $559,469

Fundraising Expenses $0

Program Expenses $742,696

Other Expenses $323,017

TOTAL EXPENSES $882,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$929,079	$770,146	+0.2%
Expenses	$882,486	$850,307	+0.0%
Net Income	$46,593	$-80,161	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$73,037

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET DARONE	CEO	40.00	Officer	$73,037	$0	$73,037
Arthur Armstrong	President	0.50	Officer Director	$0	$0	$0
Dan Johnston	BOARD MEMBER	0.50	Director	$0	$0	$0
Dwayne Taylor	Treasurer	0.50	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
2024	$929,079	$882,486	$163,103	$46,593
2023	$770,146	$850,307	$102,509	$-80,161
2022	$863,418	$947,534	$136,484	$-84,116
2021	$915,870	$1,071,127	$236,204	$-155,257
2020	$1,203,620	$1,211,829	$390,859	$-8,209
2019	$1,183,541	$1,339,590	$243,807	$-156,049
2018	$1,256,175	$1,372,858	$399,856	$-116,683

Changing Echoes Inc