NAIFA CHICAGOLAND

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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

1960

Legal Domicile

Principal Officer

SHERRI WHEELER

Phone

6304433333

Tax Period

2024-01-01 to 2024-12-31

NAIFA CHICAGOLAND, founded in 1960, is a micro nonprofit that reported $42K in total revenue in fiscal year 2024.

Mission

EDUCATION AND INFORMATIONAL SERVICES FOR MEMBERS

Program Service Accomplishments

Program 1

CONGRESS LUNCHEONS, MEETINGS & CONVENTIONS FOR MEMBERS, AND SEMINARS & INFORMATIONAL PROGRAMS TO 400 MEMBERS

Program 2

PROVIDES DIRECTORY AND LIFENOTES PUBLICATIONS ON CURRENT TOPICS TO 400 MEMBERS

Program 3

COMMUNITY SERVICE PROVIDES INFORMATION ABOUT ORGANIZATION AND MAKES CONTRIBUTIONS TO PUBLIC WELFARE

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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 $32,285

Program Service Revenue $10,177

Investment Income $0

Other Revenue $-281

TOTAL REVENUE $42,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,301

Fundraising Expenses $0

Other Expenses $30,164

TOTAL EXPENSES $42,465

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,181	$40,316	+0.0%
Expenses	$42,465	$42,201	+0.0%
Net Income	$-284	$-1,885	-0.8%

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

$12,301

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN AUBIN	PRESIDENT	2.00	Officer	$0	$0	$0
JIM PROVINZINO	PRESIDENT ELECT	2.00	Officer	$0	$0	$0
DOMINICK W VASSOS	SECRETARY	2.00	Officer	$0	$0	$0
PIERRE PAJAK	Immediate Past President	1.00		$0	$0	$0
JOHN WHEELER	TREASURER	2.00	Officer	$0	$0	$0
SHERRI WHEELER	EXECUTIVE DIRECTOR	20.00	Officer	$12,301	$0	$12,301
MEGAN MCGLONE	DIRECTOR	2.00	Officer	$0	$0	$0
JEFF BURGESS	DIRECTOR	2.00	Officer	$0	$0	$0
JEFFREY POSADZY	DIRECTOR	2.00	Officer	$0	$0	$0
ANDREW L VOKT	DIRECTOR	2.00	Officer	$0	$0	$0
CHRISTOPHER L GANDY	DIRECTOR	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	$42,181	$42,465	$4,845	$-284
2023	$40,316	$42,201	$5,129	$-1,885
2022	$39,601	$40,732	$7,014	$-1,131
2021	$25,591	$28,503	$8,145	$-2,912
2020	$27,788	$37,781	$18,022	$-9,993