CLIPPED WINGS GROUP

EIN: 237044148 501(c)(3)

SCHAUMBURG, IL

Total Revenue
$113,159
Total Expenses
$108,746
Total Assets
$111,891
Net Assets
$101,891
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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
1948
Legal Domicile
IL
Tax Period
2023-10-01 to 2024-09-30

CLIPPED WINGS GROUP, founded in 1948, is a small nonprofit that reported $113K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $109K left a modest 4% surplus.

Mission

TO SUPPORT NATIONAL CHARITY, SPECIAL OLYMPICS, THOSE WITH DEVELOPMENTAL DISABILITIES, AND SERVE SOCIETY IN OTHER PHILANTHROPIC PROJECTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $85,094
Program Service Revenue $0
Investment Income $847
Other Revenue $27,218
TOTAL REVENUE $113,159

Expense Breakdown

Grants Paid $56,138
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $56,138
Other Expenses $52,608
TOTAL EXPENSES $108,746

Year-over-Year Comparison

2023 2022 Change
Revenue $113,159 $103,110 +0.1%
Expenses $108,746 $99,208 +0.1%
Net Income $4,413 $3,902 +0.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
1275

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROXINE LUKENS TREASURER 10.00
Officer
$0 $0 $0
JANET HEISTERMANN TAX OFFICER 10.00
Officer
$0 $0 $0
SANDY HAHN SECRETARY 10.00
Officer
$0 $0 $0
KATHLEEN DENKER PRESIDENT 20.00
Officer
$0 $0 $0
KATHLEEN FREEMAN VICE PRESIDENT 10.00
Officer
$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 $113,159 $108,746 $111,891 $4,413
2023 $103,110 $99,208 $107,478 $3,902
2022 $104,430 $122,909 $93,576 $-18,479
2021 $123,720 $124,594 $112,055 $-874
2020 $116,226 $108,122 $112,929 $8,104
2019 $502,931 $500,746 $104,825 $2,185
2018 $130,598 $143,020 $102,640 $-12,422
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