CHICAGO FRIENDS OF THE ELDERLY FOUNDATION (EIN 208538729) - 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

SEAN MARTIN

Phone

3124551000

Tax Period

2023-10-01 to 2024-09-30

CHICAGO FRIENDS OF THE ELDERLY FOUNDATION, founded in 2006, is a small nonprofit in the Human Services sector that reported $512K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $15.6M represent 367 months of operating reserves.

Mission

THE FOUNDATION SUPPORTS THE ACTIVITIES OF LITTLE BROTHERS - FRIENDS OF THE ELDERLY (CHICAGO).

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $512,221

Other Revenue $0

TOTAL REVENUE $512,221

Expense Breakdown

Grants Paid $510,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $549,281

Other Expenses $39,281

TOTAL EXPENSES $549,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$512,221	$671,979	-0.2%
Expenses	$549,281	$1,899,937	-0.7%
Net Income	$-37,060	$-1,227,958	-1.0%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZARIK KHAN	CHAIR	1.00	Officer Director	$0	$0	$0
SEAN MARTIN	CHAIR	1.00	Officer Director	$0	$0	$0
LINDA WATSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRENDAN KRAHL	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL MELINGER	DIRECTOR (THRU OCT 2023)	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	$512,221	$549,281	$15,647,681	$-37,060
2023	$671,979	$1,899,937	$13,148,313	$-1,227,958
2022	$1,579,800	$1,317,758	$12,981,475	$262,042
2021	$916,474	$35,154	$16,557,555	$881,320
2020	$449,367	$76,147	$13,128,335	$373,220
2019	$552,738	$1,400,970	$12,120,577	$-848,232
2018	$4,427,872	$2,593,234	$13,266,627	$1,834,638

CHICAGO FRIENDS OF THE ELDERLY FOUNDATION