Columbian Club of Chicago

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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

1939

Legal Domicile

Principal Officer

Carmen Forte Jr

Tax Period

2024-01-01 to 2024-12-31

Columbian Club of Chicago, founded in 1939, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $101K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $93K left a modest 8% surplus.

Mission

To raise funds to be contributed to various public charities

Program Service Accomplishments

Program 1

The organization plans various events for the membership. The net proceeds of these events are contributed to other public charities.

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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 $71,227

Program Service Revenue $30,208

Investment Income $0

Other Revenue $0

TOTAL REVENUE $101,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $92,891

TOTAL EXPENSES $92,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,435	$133,652	-0.2%
Expenses	$92,891	$16,309	+4.7%
Net Income	$8,544	$117,343	-0.9%

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
Frank Binetti	Secretary	2.00	Officer	$0	$0	$0
Sal Palazzolo	Sargent At Arms	2.00	Officer	$0	$0	$0
Carmen Forte Jr	President	2.00	Officer	$0	$0	$0
Christopher Derks	1st Vice Presid	2.00	Officer	$0	$0	$0
Gerard Iannuzzelli	2nd V-Pres	2.00	Officer	$0	$0	$0
Edward Izzi	3rd Vice Pres	2.00	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	$101,435	$92,891	$11,276	$8,544
2023	$24,321	$16,309	$2,732	$8,012
2022	$11,854	$10,512	$13,259	$1,342
2018	$34,542	$9,460	$32,059	$25,082