CONCORDIA PLACE (EIN 320033719) - 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

GRACE ARAYA

Phone

7734631600

Tax Period

2024-07-01 to 2025-06-30

CONCORDIA PLACE, founded in 2002, is a mid-sized nonprofit in the Human Services sector that reported $10.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

CONCORDIA PLACE'S MISSION IS TO DISRUPT SOCIAL INEQUITIES THROUGH ACCESS TO TOP-QUALITY EDUCATION, ENRICHMENT, AND HANDS-ON EXPERIENCES THAT INCLUDE ALL CHILDREN, TEENS, AND FAMILIES-TOGETHER. CONCORDIA PLACE ENVISIONS BIGGER AND BETTER TOMORROWS WHERE RICH DIVERSITY STRENGTHENS LEARNING AND GROWTH FOR ALL. SINCE 1981, CONCORDIA PLACE HAS STRENGTHENED CHICAGO COMMUNITIES BY FOSTERING GROWTH AND OPPORTUNITIES, ESPECIALLY FOR FAMILIES LIVING WITH FEW RESOURCES.

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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 $3,515,991

Program Service Revenue $6,316,986

Investment Income $116,298

Other Revenue $171,204

TOTAL REVENUE $10,120,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,317,508

Fundraising Expenses $594,251

Program Expenses $7,777,913

Other Expenses $2,559,063

TOTAL EXPENSES $9,876,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,120,479	$8,854,921	+0.1%
Expenses	$9,876,571	$9,798,225	+0.0%
Net Income	$243,908	$-943,304	-1.3%

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

192

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

$361,105

Total Directors

$361,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REVEREND NICHOLAS ZOOK	DIRECTOR	15.00	Officer Director	$0	$0	$148,286
DAN FORMELLER	CHURCH REPRESENTATIVE/DIR.	2.00	Officer Director	$0	$0	$0
ANDREW WATERS	TREASURER	2.00	Officer Director	$0	$0	$0
KAREN SEMONE	SECRETARY	2.00	Officer Director	$0	$0	$0
KATE ANSORGE	VICE CHAIR	2.00	Director	$0	$0	$0
KIMBERLY BOIKE	BOARD CHAIR	2.00	Director	$0	$0	$0
SUE ROTHMEYER	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLEE JOSEPH	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA BECKER	DIRECTOR	2.00	Director	$0	$0	$0
ROSA RAMIREZ RICHTER	DIRECTOR	2.00	Director	$0	$0	$0
REV STEPHEN BOUMAN	DIRECTOR	2.00	Director	$0	$0	$0
MARK CROLL	DIRECTOR	2.00	Director	$0	$0	$0
KYLE CLAUSS	DIRECTOR	2.00	Director	$0	$0	$0
JANAE MEYER	DIRECTOR	2.00	Director	$0	$0	$0
GRACE ARAYA	PRESIDENT/CEO	40.00	Officer Director	$212,819	$0	$212,819
KIKI COLLIAS	VP STRATEGIC INITATIVES	40.00	Highest	$139,494	$0	$139,494
SARAH SPRAKER	VP PROGRAM SERVICES	40.00	Highest	$137,910	$0	$137,910
STEPHEN CROW	VP FINANCE	40.00	Highest	$127,502	$0	$127,502

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
2025	$10,120,479	$9,876,571	$8,892,073	$243,908
2024	$8,854,921	$9,798,225	$9,055,401	$-943,304
2023	$9,198,130	$8,858,190	$10,226,165	$339,940
2022	$9,205,910	$7,911,640	$5,165,074	$1,294,270
2021	$8,737,678	$6,710,372	$4,803,811	$2,027,306
2020	$6,225,806	$6,758,953	$2,632,169	$-533,147
2019	$5,766,610	$6,553,761	$2,344,623	$-787,151
2018	$6,037,611	$5,926,741	$3,083,989	$110,870

CONCORDIA PLACE