A Better Chicago

EIN: 274499625 501(c)(3) Human Services

Chicago, IL

Total Revenue
$12,430,343
Total Expenses
$7,456,065
Total Assets
$20,736,281
Net Assets
$20,039,463
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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
2011
Legal Domicile
IL
Principal Officer
Elizabeth F Swanson CEO
Phone
3126747066
Tax Period
2024-01-01 to 2024-12-31

A Better Chicago, founded in 2011, is a mid-sized nonprofit in the Human Services sector that reported $12.4M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 40% operating margin.

Mission

A BETTER CHICAGO IS CHANGING HOW CHICAGO FIGHTS POVERTY BY INVESTING IN BOLD IDEAS THAT CREATE OPPORTUNITY FOR OUR YOUTH

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,291,589
Program Service Revenue $0
Investment Income $290,909
Other Revenue $-152,155
TOTAL REVENUE $12,430,343

Expense Breakdown

Grants Paid $3,840,067
Salaries & Benefits $2,353,330
Fundraising Expenses $1,088,589
Program Expenses $5,627,113
Other Expenses $1,262,668
TOTAL EXPENSES $7,456,065

Year-over-Year Comparison

2024 2023 Change
Revenue $12,430,343 $8,681,211 +0.4%
Expenses $7,456,065 $7,645,127 0.0%
Net Income $4,974,278 $1,036,084 +3.8%
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

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Governance

Voting Members
15
Independent Members
14
Employees
18
Volunteers
130

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
3
$796,044
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Swanson CEO 50.0
Officer
$392,366 $20,431 $412,797
Walter McCloskey COO 50.0
Officer
$188,839 $16,083 $204,922
Nataly Barrera CIO 50.0
Officer
$163,082 $15,243 $178,325
Marshana Pace Managing Director 50.0
Highest
$137,341 $14,082 $151,423
Chelsea Huszar Director of Development 50.0
Highest
$135,334 $6,197 $141,531
William V Krehbiel Director 1.0
Director
$0 $0 $0
John R Keller DIRECTOR 1.0
Director
$0 $0 $0
Taylor O'Malley Director 1.0
Director
$0 $0 $0
Sean Berkowitz Secretary 1.0
Director
$0 $0 $0
Timothy Schwertfeger Director 1.0
Director
$0 $0 $0
Stephen Beard Director 1.0
Director
$0 $0 $0
Christopher Keogh Director 1.0
Director
$0 $0 $0
John Gilligan Chairman 1.0
Director
$0 $0 $0
Tracy Schwartz-Ward Director 1.0
Director
$0 $0 $0
Janice Jackson DIRECTOR 1.0
Director
$0 $0 $0
Eric Chern DIRECTOR 1.0
Director
$0 $0 $0
Matt Raino Director 1.0
Director
$0 $0 $0
Myetie Hamilton Diretor 1.0
Director
$0 $0 $0
Brittany Graunke Director 1.0
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 $12,430,343 $7,456,065 $20,736,281 $4,974,278
2023 $8,681,211 $7,645,127 $16,113,219 $1,036,084
2022 $5,080,046 $8,227,773 $15,380,399 $-3,147,727
2021 $14,727,432 $8,507,431 $21,342,718 $6,220,001
2020 $7,066,286 $8,741,746 $12,306,215 $-1,675,460
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