CHICAGO PUBLIC ART GROUP (EIN 237302449) - 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

1972

Legal Domicile

Principal Officer

BERNARD WILLIAMS

Phone

3124272724

Tax Period

2023-01-01 to 2023-12-31

CHICAGO PUBLIC ART GROUP, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $595K in total revenue in fiscal year 2018. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $517K left a modest 13% surplus.

Mission

CHICAGO PUBLIC ART GROUP BRINGS ARTISTS AND COMMUNITIES TOGETHER TO PRODUCE HIGH-QUALITY PUBLIC ART, EXTENDING AND TRANSFORMING THE TRADITION OF COLLABORATIVE, COMMUNITY-INVOLVED PUBLIC ARTWORK.

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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 $373,817

Program Service Revenue $151,961

Investment Income $857

Other Revenue $503

TOTAL REVENUE $527,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,806

Fundraising Expenses $41,818

Program Expenses $307,175

Other Expenses $287,293

TOTAL EXPENSES $461,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,138	$604,599	-0.1%
Expenses	$461,099	$555,479	-0.2%
Net Income	$66,039	$49,120	+0.3%

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

300

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD WILLIAMS	PRESIDENT	3.00	Director	$0	$0	$0
HEATHER WALLACK	VICE PRESIDENT	1.00	Director	$0	$0	$0
PETER LANDON	TREASURER	1.00	Director	$0	$0	$0
MARY DAVIS	SECRETARY	1.00	Director	$0	$0	$0
EMILY GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SONJA HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANEEN MAYS	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA WEISS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WEBER	BOARD MEMBER	1.00	Director	$0	$0	$0
OGECHI HARRY	BOARD MEMBER	1.00	Director	$0	$0	$0
NILAY MISTRY	BOARD MEMBER	1.00	Director	$0	$0	$0
SMITHA VASAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHANTAL HEALEY	EXECUTIVE DIRECTOR	40.00	Officer	$70,000	$0	$70,000

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	No data	No data	No data	No data
2023	$527,138	$461,099	$452,499	$66,039
2022	$604,599	$555,479	$373,941	$49,120
2021	$415,091	$460,530	$261,011	$-45,439
2020	$393,100	$302,633	$218,880	$90,467
2019	$280,069	$390,498	$123,583	$-110,429
2018	$594,521	$516,591	$248,624	$77,930

CHICAGO PUBLIC ART GROUP