Chicago Independent Radio Project (EIN 261547241) - 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

2010

Legal Domicile

Principal Officer

Edna Ho

Phone

3128043361

Tax Period

2024-01-01 to 2024-12-31

Chicago Independent Radio Project, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $227K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

Operation of studio space and facilities for community radio station. The station is intended to benefit thousands of listeners and various music and arts appreciation groups throughout the chicago area.

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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 $206,592

Program Service Revenue $0

Investment Income $9,321

Other Revenue $11,379

TOTAL REVENUE $227,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,091

Fundraising Expenses $33,621

Program Expenses $142,704

Other Expenses $135,140

TOTAL EXPENSES $228,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,292	$256,791	-0.1%
Expenses	$228,231	$210,177	+0.1%
Net Income	$-939	$46,614	-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

Volunteers

260

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

$84,131

Total Directors

$84,131

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shawn Campbell	Executive Dir.	40.00	Officer Director	$84,131	$0	$84,131
Edna Ho	President	2.00	Officer Director	$0	$0	$0
Jim Drass	Vice President	2.00	Officer Director	$0	$0	$0
Suzy Kirkhoff	Treasurer	2.00	Officer Director	$0	$0	$0
Phil Yates	Secretary	2.00	Director	$0	$0	$0
Steven Barry	Director	2.00	Director	$0	$0	$0
Barry Owen	Director	2.00	Director	$0	$0	$0
Brandon Clark	Director	2.00	Director	$0	$0	$0
Claire Battle	Director	2.00	Director	$0	$0	$0
Jennifer Lizak	Director	2.00	Director	$0	$0	$0
Shawn Campbell	Director	2.00	Director	$0	$0	$0
Todd Cywinski	Director	2.00	Director	$0	$0	$0
Walter Palka	Director	2.00	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
2025	No data	No data	No data	No data
2024	$227,292	$228,231	$365,664	$-939
2023	$256,791	$210,177	$358,723	$46,614
2022	$215,258	$198,125	$309,330	$17,133
2021	$256,619	$200,887	$291,756	$55,732
2020	$214,888	$178,027	$250,054	$36,861
2019	$159,534	$181,185	$199,150	$-21,651
2018	$188,335	$204,388	$220,143	$-16,053

Chicago Independent Radio Project