THE EXPERIMENTAL STATION C/O CONNIE SPREEN (EIN 320017985) - 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

2002

Legal Domicile

Principal Officer

CONSTANCE SPREEN

Phone

7732416044

Tax Period

2024-01-01 to 2024-12-31

THE EXPERIMENTAL STATION C/O CONNIE SPREEN, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE EXPERIMENTAL STATION IS TO BUILD INDEPENDENT CULTURAL INFRASTRUCTURE ON THE SOUTH SIDE OF CHICAGO. WE DO THIS BY FOSTERING A DYNAMIC ECOLOGY OF INNOVATIVE EDUCATIONAL AND CULTURAL PROGRAMS, SMALL BUSINESS ENTERPRISES AND COMMUNITY INITIATIVES. SINCE 2006, WE HAVE BOTH BUILT OUR OWN PROGRAMMING TO ADDRESS A VARIETY OF IDENTIFIED LOCAL NEEDS AND HAVE FOSTERED, HOSTED, AND SPONSORED NUMEROUS OTHER INITIATIVES.

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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 $2,845,853

Program Service Revenue $212,963

Investment Income $8,948

Other Revenue $3,741

TOTAL REVENUE $3,071,505

Expense Breakdown

Grants Paid $1,485,767

Salaries & Benefits $983,293

Fundraising Expenses $198,381

Program Expenses $2,711,807

Other Expenses $792,635

TOTAL EXPENSES $3,261,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,071,505	$3,197,963	0.0%
Expenses	$3,261,695	$3,073,469	+0.1%
Net Income	$-190,190	$124,494	-2.5%

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

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

$126,858

Total Directors

$126,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN FRIEDMAN	PRESIDENT	6.00	Officer Director	$0	$0	$0
EMMITT HOUSE	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
MULUBWA MUNKANTA	TREASURER	2.00	Officer Director	$0	$0	$0
BETH LOEB	DIRECTOR	0.25	Director	$0	$0	$0
STEVE WIESENTHAL	DIRECTOR	0.25	Director	$0	$0	$0
CORLISS KING	DIRECTOR	0.25	Director	$0	$0	$0
JILL INGRASSIA	DIRECTOR	0.25	Director	$0	$0	$0
RICHARD WRIGHT	DIRECTOR	0.25	Director	$0	$0	$0
CONSTANCE SPREEN	EXECUTIVE DIRECTOR	40.00	Officer Director	$109,168	$17,690	$126,858
DAN PETERMAN	DIRECTOR	0.25	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	$3,071,505	$3,261,695	$1,560,262	$-190,190
2023	$3,197,963	$3,073,469	$2,011,911	$124,494
2022	$3,208,325	$3,305,824	$1,500,794	$-97,499
2021	$2,920,468	$2,164,971	$1,624,397	$755,497
2020	$2,377,855	$2,427,289	$888,026	$-49,434
2019	$1,652,499	$1,694,623	$789,981	$-42,124
2018	$1,721,751	$1,678,433	$769,406	$43,318

THE EXPERIMENTAL STATION C/O CONNIE SPREEN