Spudnik Press Cooperative

EIN: 271488766 501(c)(3) Education

Chicago, IL

Total Revenue
$292,342
Total Expenses
$251,855
Total Assets
$217,532
Net Assets
$96,567
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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
2009
Legal Domicile
IL
Principal Officer
Patti Swanson
Phone
3125630302
Tax Period
2023-01-01 to 2023-12-31

Spudnik Press Cooperative, founded in 2009, is a small nonprofit in the Education sector that reported $292K in total revenue in fiscal year 2023. Revenue surged 180% from the prior year, signaling strong growth momentum. Expenses of $252K left a modest 14% surplus.

Mission

At Spudnik Press, artists create and use printed materials to further culture and engage with their community. Through sharing materials, equipment, and studio space, artists are also sharing technical skills, practical knowledge, and creative processes. By pooling resources and creative problem solving, artists at Spudnik Press are able to create a space that is beyond the means of solo emerging artists.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $206,581
Program Service Revenue $84,386
Investment Income $1,375
Other Revenue $0
TOTAL REVENUE $292,342

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,040
Fundraising Expenses $0
Program Expenses $184,928
Other Expenses $120,815
TOTAL EXPENSES $251,855

Year-over-Year Comparison

2023 2022 Change
Revenue $292,342 $104,322 +1.8%
Expenses $251,855 $268,876 -0.1%
Net Income $40,487 $-164,554 -1.2%
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

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Governance

Voting Members
4
Independent Members
4
Employees
5
Volunteers
23

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patti Swanson President 2.00
Officer Director
$0 $0 $0
Chris Perzan Vice President 2.00
Officer Director
$0 $0 $0
Dutes Miller Treasurer 2.00
Officer Director
$0 $0 $0
Amira Hegazy Secretary 2.00
Officer 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
2024 No data No data No data No data
2023 $292,342 $251,855 $217,532 $40,487
2022 $104,322 $268,876 $176,485 $-164,554
2021 $326,804 $289,258 $405,450 $37,546
2020 $231,066 $257,496 $325,437 $-26,430
2019 $364,095 $326,026 $149,956 $38,069
2018 $304,821 $280,543 $111,236 $24,278
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