Catalyst for Change Inc
Nonprofit profile at a glance
- EIN
- 843428678
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Madison, WI, USA
- Phone
- 6083352872
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $2,537,911
- Expenses
- $2,373,268
- Assets
- $1,375,565
- Liabilities
- $844,284
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MICHAEL MOODY (CEO & BOARD PRESIDENT)
- JOHN ADAMS (PRESIDENT & BOARD VICE-PRESIDENT)
Highest reported compensation
- ERICK SHEFTIC (PSYCHIATRIST): $159,100 total reported compensation
- JOHN ADAMS (PRESIDENT & BOARD VICE-PRESIDENT): $145,196 total reported compensation
- MICHAEL MOODY (CEO & BOARD PRESIDENT): $138,708 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To impact the community by offering quality compassionate services that promote the upliftment and humanity of the most vulnerable members of society.
What it reported doing in 2024
Homeless outreach: in 2024, catalyst for change inc renewed its contract with the county of dane to provide outreach and mediation services to households/individuals experiencing unsheltered homelessness in the dane county area. The primary objective is to connect households/individuals to basic needs, and community resources (housing, employment, case management, behavioral health support, medical services, etc.) the secondary objective is to promote health and safety and address situations that could prompt police intervention in the dane county area. Cfc provides weekday outreach both during the day and in the evening. Cfc facilitates the relationship between the community, business owners, law enforcement, and individuals experiencing homelessness. In 2024 cfc engaged 205 unduplicated individuals. 106 adults and 99 children were connected to services, and 9 were housed.
Operating model
- Revenue model
- Other-operating. 92% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 86% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.9%; rating input score 93
- Program expense ratio: 99.4%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.7%; rating input score 100; 40th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.5%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 18.7%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 42.9% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 43.4% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 47.4% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 92.9% of revenue deployed · 99.4% of spending went to programs
- Governance: 4 of 4 board members independent · 7 of 9 filing controls reported
- Programs: 7 filed program accomplishments · $2.4M in reported program spending
- Leadership: top reported pay $159K · 7 people listed · 1 of 6 pay-setting controls reported
- Consistency: 37 of 37 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Sustainability: Operating margin scored 55/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.