Chicago Fashion Development (EIN 261889713) - 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

2007

Legal Domicile

Phone

3127815267

Tax Period

2023-01-01 to 2023-12-31

Chicago Fashion Development, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $114K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $42K, a strong 37% operating margin.

Mission

To make meaningful economic impact in Chicago by giving fashion designers technical product development and business tools and training to create innovative products and launch their careers in fashion.

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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 $80,101

Program Service Revenue $29,410

Investment Income $4,807

Other Revenue $7

TOTAL REVENUE $114,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,000

Fundraising Expenses $0

Program Expenses $49,594

Other Expenses $32,403

TOTAL EXPENSES $72,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,325	$105,691	+0.1%
Expenses	$72,403	$66,596	+0.1%
Net Income	$41,922	$39,095	+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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA HOVET	EXECUTIVE DIRECTOR	20.00	Director	$40,000	$0	$40,000
ANDREA SCHWARTZ	PRESIDENT	4.00	Officer	$0	$0	$0
MEGAN BUESCHEL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LIZ KORES	TREASURER/SECRETARY	1.00	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
2023	$114,325	$72,403	$513,036	$41,922

Chicago Fashion Development