Chicago Cultural Alliance (EIN 061801981) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Mnica Flix

Phone

3128466814

Tax Period

2024-01-01 to 2024-12-31

CHICAGO CULTURAL ALLIANCE, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $301K in total revenue in fiscal year 2018. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $417K exceeded revenue, resulting in a 38% operating deficit.

Mission

To connect, promote and support centers of cultural heritage for a more inclusive and culturally vibrant region.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,572

Program Service Revenue $177,145

Investment Income $0

Other Revenue $-26,854

TOTAL REVENUE $374,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,321

Fundraising Expenses $38,132

Program Expenses $408,152

Other Expenses $327,782

TOTAL EXPENSES $543,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,863	$409,220	-0.1%
Expenses	$543,103	$426,657	+0.3%
Net Income	$-168,240	$-17,437	+8.6%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$80,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mnica Flix	Executive Dir.	40.00	Officer	$80,927	$0	$80,927
Lynessa Rico	Director	1.00	Director	$0	$0	$0
John Russick	President	2.00	Officer Director	$0	$0	$0
Rebecca Amato	Vice President	2.00	Officer Director	$0	$0	$0
Kay Kihwa Rho	Treasurer	2.00	Officer Director	$0	$0	$0
Dr Nitha Fiona Nagubadi	Secretary	2.00	Officer Director	$0	$0	$0
Paul Durica	Director	1.00	Director	$0	$0	$0
Alyssa Greenburg	Director	1.00	Director	$0	$0	$0
Mario Longoni	Director	1.00	Director	$0	$0	$0
Colleen McGaughey	Director	1.00	Director	$0	$0	$0
Josie Nieto	Director	1.00	Director	$0	$0	$0
Afzal Ahmad	Director	1.00	Director	$0	$0	$0
Henry Murphy III	Director	1.00	Director	$0	$0	$0
Rob Fojtik	Director	1.00	Director	$0	$0	$0
Vandita Garg	Director	1.00	Director	$0	$0	$0
Briana Thomas	Director	1.00	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	$374,863	$543,103	$98,529	$-168,240
2024	No data	No data	No data	No data
2023	$409,220	$426,657	$308,595	$-17,437
2022	$479,872	$368,034	$336,122	$111,838
2021	$400,629	$374,258	$179,778	$26,371
2020	$261,439	$285,994	$145,546	$-24,555
2019	$382,318	$433,551	$127,004	$-51,233
2018	$301,123	$416,881	$138,075	$-115,758

Chicago Cultural Alliance