Six Corners Association (EIN 300091408) - 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

2003

Legal Domicile

Principal Officer

Krista Elam

Phone

7736859300

Tax Period

2023-01-01 to 2023-12-31

Six Corners Association, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $107K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 13% operating deficit.

Mission

Improving and enhancing the business district of Six Corners in Chicago, Illinois.

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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 $97,637

Program Service Revenue $9,130

Investment Income $0

Other Revenue $0

TOTAL REVENUE $106,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,661

Fundraising Expenses $0

Program Expenses $103,091

Other Expenses $46,219

TOTAL EXPENSES $120,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,767	$183,208	-0.4%
Expenses	$120,880	$147,156	-0.2%
Net Income	$-14,113	$36,052	-1.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Krista Elam	President	3.00	Officer Director	$0	$0	$0
Marissa Strassel	Secretary	3.00	Officer Director	$0	$0	$0
Catherine Brennan	Director	1.00	Director	$0	$0	$0
John Jones	Treasurer	3.00	Officer Director	$0	$0	$0
Carly Bolger	Director	1.00	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
2024	No data	No data	No data	No data
2023	$106,767	$120,880	$4,578	$-14,113
2022	$183,208	$147,156	$18,691	$36,052
2021	$71,144	$112,253	$19,503	$-41,109
2020	$200,331	$297,856	$49,677	$-97,525
2019	$519,559	$480,849	$552,921	$38,710
2018	$520,874	$548,272	$501,355	$-27,398

Six Corners Association