Catalyst for Change INC EIN 84-3428678 Form 990 (PDF) Claim this org

Catalyst for Change INC FY2021 filing

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Empowers vulnerable individuals experiencing homelessness with compassionate services and creative solutions. For fiscal year 2021 it reported $515K in revenue, $428K in expenses, and $119K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Madison, WI
Website
catalystforchangeinc.org
Filings
5 on file (2020–2021)
Revenue
$515KFY2021
Expenses
$428K
Net assets
$119K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-3428678 Public charity (501(c)(3)) Madison, WI
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/1/26 · see original: IRS
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Size
$1–10M
What they do
Empowers vulnerable individuals experiencing homelessness with compassionate services and creative solutions.
Leadership
John Adams · Vice President · $113K
Money in and out
$515K revenue, $428K expenses
Bottom line
96% program efficiency
Where the money goes · FY2021
Total revenue
$515K
Pt VIII · Ln 12
Total expenses
$428K
Pt IX · Ln 25
Net assets
$119K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $87K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$515K
FY2021▲ +405%
Expenses
$428K
FY2021
Total assets
$149K
FY2021
Total liabilities
$30K
FY2021
Total revenue
$515K
Pt VIII · Ln 12
Total expenses
$428K
Pt IX · Ln 25
Net assets
$119K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$87K
Total assetsPt X · Ln 16$149K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

2 program services account for $412K of program spending, described in the organization's own filed words · FY2021.
01

Catalyst for change's staff is all comprehensive community services (CCS) providers through dave county human services. People experiencing homelessness receiving CCS through dane county can connect with one of our staff memebers to receive services such as physical health monitoring, individual skill development and enhancement…

$207Kprogram expense
02

Street Mediation Work

Catalyst for change inc. Received a contract form the city of madison to do street outreach downtown and the capital square area in december 2022 that extended through 2021. Catalyst goes out daily to connect with individuals experiencing homelessness and connect them with services that are essential to their growth and development as…

$206Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCatalyst for Change INC
EINHdr · item D84-3428678
Principal addressHdr · item CMadison, WI
WebsiteHdr · item Jcatalystforchangeinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFJan 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$113,062Pt VII · Sec A
President
$105,314Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (thru February)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Erick Sheftic’s $159K as Psychiatrist is at the 75th percentile of top reported officer pay among 2025 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Erick Sheftic$159,100
John Adams$129,730$153,953$135,905$113,062$11,745
Michael Moody$118,594$140,048$144,091$105,314$10,350
Kimberly Tesch$58,390$6,413

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$443K · 86%
Contributions & grants$70K · 14%
Program service revenue86%$443K
Contributions & grants14%$70K
Other revenue$1K
Total revenueLn 12$515K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$412K
Management & general4%$15K
Total functional expensesLn 25$428K

Balance Sheet

Part X · end of year
CashLn 1$101K
Total assetsLn 16$149K
Total liabilitiesLn 26$30K
Total net assetsLn 32$119K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $101K · Operating expenses/yr $428K
2.8 months
Where the money goes
Program services
Program services $412K · Total expenses $428K
96%
Management & General
Management & general $15K · Total expenses $428K
4%
Fundraising
Fundraising $0 · Total expenses $428K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $70K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $70K · Total revenue $515K
14%
Government reliance
Government grants — · Total revenue $515K
Earned-income share
Program service revenue $443K · Total revenue $515K
86%
Investment reliance
Investment income $0 · Total revenue $515K
0%
Program self-sufficiency
Program service revenue $443K · Total expenses $428K
104%
Growth & trend
Revenue growth (YoY)
This year $515K · Prior year $102K
+405%
Net-asset trend (YoY)
End of year $119K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $515K · Expenses $428K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $149K
Net-asset ratio
Net assets $119K · Total assets $149K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $149K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Adams · Reported title VICE PRESIDENT · Highest reported compensation $113K · Total expenses $428K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $317K · Total expenses $428K
74%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 405%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$12K
Grants paid · 7 grants · $586K · 2021–2024
Unitemized GrantFY2024$304,814
Unitemized GrantFY2024$13,000
Unitemized GrantFY2023$115,723
Unitemized GrantFY2023$10,000
Unitemized GrantFY2022$91,151
Unitemized GrantFY2022$17,000
Unitemized GrantFY2021$34,181

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.5M revenue · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$515K revenue · viewing · ⤓ 990 PDF
FY2020$102K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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