Civic Intelligence

Innovative Changes

990 • Fiscal year 2017 • EIN 80-0516996

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 13, 2017

2027 Lloyd CenterPortland, OR 97232

(503) 249-5205

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.70x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

1.20x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

5th percentile

-94%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

89th percentile

$37,924

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

11th percentile

-40%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-45%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$396,588

Down $6,578 (-1.6%) from 2015

Net Assets

Down

$119,423

Down $216,021 (-64%) from 2015

Liabilities

Up

$277,165

Up $209,443 (+309%) from 2015

Revenue

Down

$230,509

Down $238,948 (-51%) from 2015

Expenses

Up

$446,303

Up $80,697 (+22%) from 2015

Net Income

Down

-$215,794

Down $319,645 (-308%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2011: $355,963Liabilities 2011: $113,717Net Assets 2011: $242,2462011Assets 2012: $413,795Liabilities 2012: $205,523Net Assets 2012: $208,2722012Assets 2013: $461,364Liabilities 2013: $94,773Net Assets 2013: $366,5912013Assets 2015: $403,166Liabilities 2015: $67,722Net Assets 2015: $335,4442015Assets 2017: $396,588Liabilities 2017: $277,165Net Assets 2017: $119,4232017Assets 2018: $437,626Liabilities 2018: $397,861Net Assets 2018: $39,7652018Assets 2019: $517,718Liabilities 2019: $586,859Net Assets 2019: -$69,1412019Assets 2020: $367,695Liabilities 2020: $545,711Net Assets 2020: -$178,0162020

Highlighted filing

2017

Assets$396,588
Liabilities$277,165
Net Assets$119,423

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200K-$400KExpenses 2011: $213,4812011Expenses 2012: $274,1712012Expenses 2013: $320,3042013Revenue 2015: $469,457Expenses 2015: $365,606Net Income 2015: $103,8512015Revenue 2017: $230,509Expenses 2017: $446,303Net Income 2017: -$215,7942017Revenue 2018: $223,938Expenses 2018: $303,596Net Income 2018: -$79,6582018Revenue 2019: $156,392Expenses 2019: $264,975Net Income 2019: -$108,5832019Revenue 2020: $135,591Expenses 2020: $245,092Net Income 2020: -$109,5012020

Highlighted filing

2017

Revenue$230,509
Expenses$446,303
Net Income-$215,794
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$230,509
Mission and Program 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.

Innovative changes helps people build their long term financial health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$85,801$200,913▲ $115,112
Savings and Temporary Cash Investments$427,902$110,598▼ $317,304
Pledges and Grants Receivable$75,000--
Other Notes and Loans Receivable, Net$50,563$65,854▲ $15,291
Accounts Receivable$9,137$10,429▲ $1,292
Prepaid Expenses and Deferred Charges$8,477$6,933▼ $1,544
Land, Buildings, and Equipment, Net$5,194$1,861▼ $3,333
Total Assets$662,074$396,588▼ $265,486
Liabilities
Deferred Revenue$258,850$250,976▼ $7,874
Mortgage Notes Payable Secured by Investment Property$25,000--
Other Liabilities$36,713$22,808▼ $13,905
Accounts Payable and Accrued Expenses$5,934$3,381▼ $2,553
Total Liabilities$326,497$277,165▼ $49,332
Net Assets / Fund Balance
Temporarily Rstr Net Assets$77,878$177,846▲ $99,968
Permanently Rstr Net Assets$52,750$0▼ $52,750
Unrestricted Net Assets$204,949$-58,423▼ $263,372
Total Net Assets Fund Balance$335,577$119,423▼ $216,154
Total Liabilities and Net Assets / Fund Balance$662,074$396,588▼ $265,486

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$236$14,214$14,450
Equipment$1,625$9,286$10,911
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy YuillExecutive DirectorFT$37,924-$37,924
Traci RossiExecutive DirectorFT$18,644$5,360$24,004

Board Members and Trustees

NameTitle
Rosanne MarmorPresident
David FosterDirector
Felicia Tripp-folsomDirector
Kevork IsikbayDiRECTOR
Kim ReadDirector
SARAH ChenvenDirector
Cynthia WinterInterim Director
Amy YoungfleshSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$166,842
Program Service Revenue
$61,220
Investment Income
$235
Other Revenue
$2,212
All Other Contributions
$166,842
Change in Net Assets
$-215,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$321,866
Other Expenses$124,437
Total Fundraising Expense$22,174
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$159,433$16,896$9,098$185,427
Current Officers, Directors, Trustees, and Key Employees$75,745$8,027$4,322$88,094
Occupancy$30,123$3,192$1,719$35,034
Other Employee Benefits$20,275$2,149$1,157$23,581
Payroll Taxes$17,604$1,866$1,005$20,475
Office Expenses$9,188$974$524$10,686
Fees for Services Accounting$8,654$917$494$10,065
Fees for Services Other$6,400$678$365$7,443
Travel$6,103$647$348$7,098
Pension Plan Contributions$3,688$391$210$4,289
Depreciation Depletion$2,866$304$164$3,334
Insurance$2,503$265$143$2,911
Other Expenses$556$59$1,410$2,025
Fees for Services Legal$1,720$182$98$2,000
Total Functional Expenses$385,508$38,621$22,174$446,303
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Security Holdback$22,808
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The treasurer and the executive director review it before it is filed with the irs.

Form 990, Part VI, Section B, line 12C

The policy is reviewed annually with all members of the board of directors and the executive director.

Form 990, Part VI, Section B, line 15

The compensation for the executive director was determined by the board of directors as part of her performance review along with use of camparability data.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Innovative Changes
EIN
80-0516996
Phone
5032495205
Address
2027 Lloyd Center, Portland, OR 97232

Signing Officer

Name
Rosanne Marmor
Title
Board Chair
Phone
5032495205
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rosanne Marmor
Formed
2009
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
68

Preparer

Firm
McDonald Jacobs PC
Address
520 SW Yamhill St Ste 500, Portland, OR 97204
Preparer
Sang Ahn
Phone
5032270581
Raw XML AppendixShowing 400 of 475 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0INNOVATIVE CHANGES HELPS PEOPLE BUILD THEIR LONG TERM FINANCIAL HEALTH.
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IRS990/Desc0Lending - Innovative Changes provides responsible small-dollar consumer loans to help borrowers who are experiencing financial emergencies, those wishing to pay down other high-cost debt and those preparing for asset building opportunities. Since our inception in early 2010 through fiscal year 2016 we have originated 1109 small dollar loans, including 489 opportunity loans, 516 credit builder loans, 29 emergency loans, 20 loans for survivors of domestic violence, 7 loans for adaptive technology, and 48 loans for moving costs for section 8 housing choice voucher holders.
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IRS990/MissionDesc0OUR 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.
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08477
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06933
IRS990/PrincipalOfficerNm0ROSANNE MARMOR
IRS990/PriorPeriodAdjustmentsAmt0-360
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/Desc0IDA PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEES AND INTEREST
IRS990/ProgramServiceRevenueGrp/Desc2TRAINING CONTRACTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt030433
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128347
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt030433
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22440
IRS990/ProgSrvcAccomActy2Grp/Desc0Financial Education - Innovative Changes provides practical, comprehensive, one-on-one coaching, financial education, asset building and credit building workshops that address common root causes of financial challenges and teach basic household financial management. our program targets low-income individuals and people of color;75% of participants are women and 57% represent communities of color. In fiscal year 2017 we helped 1313 adults and 108 youth make real behavior change in their financial capabilities.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0126493
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02440
IRS990/ProgSrvcAccomActy3Grp/Desc0Credit building - Innovative Changes helped over 516 clients take control of their credit and build strong credit scores to increase their access to well-priced asset-building credit, such as home mortgages, small business loans and higher education loans. Our coaching and credit builder loans help people with no credit score establish a solid basis for responsible borrowing, and they average a score of 666 after one year with us. If a borrower has a low score when they start with us, the average score increase over one year is 28 points.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt082719
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Asset Building - The Individual Development Account initiative is a matched savings account that leverages state and federal funds to enable individuals with limited financial resources to save and build assets at an accelerated pace while developing good financial habits. Savings can be used for post-secondary education or job training, employment related training or equipment, retirement savings, starting a small business or buying a home. We have 98 active IDA accounts and 130 total graduates.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt081241
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt030433
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0339431
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0718
IRS990/PYOtherExpensesAmt0121197
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt082519
IRS990/PYRevenuesLessExpensesAmt0133
IRS990/PYSalariesCompEmpBnftPaidAmt0301338
IRS990/PYTotalExpensesAmt0422535
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0422668
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-215794
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt028347
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0427902
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0110598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0166842
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0339431
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0394473
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0130215
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0441900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01472861
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0235
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0718
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0174
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0387
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01583
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0313778
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02212
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0492
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02704
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76770
IRS990ScheduleA/PublicSupportPY170Pct00.77580
IRS990ScheduleA/PublicSupportTotal170Amt01133990
IRS990ScheduleA/SubstantialContributorsTotAmt0338871
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0166842
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0339431
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0394473
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0130215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0441900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01472861
IRS990ScheduleA/TotalSupportAmt01477148
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01625
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09286
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010911
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0236
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014214
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022808
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN SECURITY HOLDBACK
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01861
IRS990ScheduleD/TotalLiabilityAmt022808
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER AND THE EXECUTIVE DIRECTOR REVIEW IT BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS REVIEWED ANNUALLY WITH ALL MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE BOARD OF DIRECTORS AS PART OF HER PERFORMANCE REVIEW ALONG WITH USE OF CAMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt077878
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0177846
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0662074
IRS990/TotalAssetsEOYAmt0396588
IRS990/TotalAssetsGrp/BOYAmt0662074
IRS990/TotalAssetsGrp/EOYAmt0396588
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0166842
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022174
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038621

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