Innovative Changes

Nonprofit profile at a glance

EIN
800516996
IRS 990-EZ coverage
2009–2019
Forms available
Form 990 2018, Form 990-EZ 2019
Location
Sherwood, OR, USA
Phone
5032495205
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Financial Counseling

Official website

Reported finances

Revenue
$135,591
Expenses
$245,092
Assets
$367,695
Liabilities
$545,711

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • KEVORK ISIKBAY (PRESIDENT)
  • PETER HAINLEY (EXECUTIVE DIRECTOR)

People named in this filing

  • KEVORK ISIKBAY (PRESIDENT)
  • STEVE PAGENSTECHER (TREASURER)
  • SARAH CHENVEN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to help people build their long-term financial health. Our vision is a society where all people have access to safe, affordable financial products and services and the ability to use them well. Our guiding principles work to advance economic justice for those disenfranchised and excluded by the mainstream financial services sector, celebrate the diverse cultures of our communities by implementing culturally responsive programming and we commit to building a strong, financially sustainable organization.

What it reported doing in 2019

The financial coaching program offers low income individuals and families the opportunity to work one-on-one with a trained volunteer. Volunteers will help clients create and reach their goals, paving a path to overall financial stability and a better understanding of how to manage the daily interaction between their finances and personal lives. We have seen an increase of client interest for one on one coaching due to the pandemic with special interest in financial planning and money management. We are working in partnership with referring partners to provide coaching to diverse communities to help navigate this difficult financial situation.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.9%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -80.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.5; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 1.48; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 9.9% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: -4.4% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $206K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2009 to 2019
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.