EAST CHICAGO URBAN ENTERPRISE ASSOCIATION INC

EIN: 351774688 501(c)(3) Community Improvement

EAST CHICAGO, IN

Total Revenue
$37,662
Total Expenses
$254,955
Total Assets
$3,826,591
Net Assets
$2,235,232
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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
1989
Legal Domicile
IN
Principal Officer
TERRENCE VELLIGAN
Phone
2193923660
Tax Period
2022-07-01 to 2023-06-30

EAST CHICAGO URBAN ENTERPRISE ASSOCIATION INC, founded in 1989, is a micro nonprofit in the Community Improvement sector that reported $38K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $255K exceeded revenue, resulting in a 577% operating deficit.

Mission

FOSTER ECONOMIC GROWTH IN THE CITY OF EAST CHICAGO, IN

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,649
Investment Income $29,058
Other Revenue $6,955
TOTAL REVENUE $37,662

Expense Breakdown

Grants Paid $300
Salaries & Benefits $131,434
Fundraising Expenses $0
Program Expenses $232,772
Other Expenses $123,221
TOTAL EXPENSES $254,955

Year-over-Year Comparison

2022 2021 Change
Revenue $37,662 $122,776 -0.7%
Expenses $254,955 $212,482 +0.2%
Net Income $-217,293 $-89,706 +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

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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
10

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
$14,400
Total Directors
10
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY EDWARDS BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
STANLEY KUBAS BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
EARL HARRIS JR BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
RON KOMENDAT SECRETARY 1.00
Officer Director
$3,600 $0 $3,600
MANUEL MARTINEZ VICE CHAIRMAN 1.00
Officer Director
$3,600 $0 $3,600
GILDA ORANGE BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
DWAYNE RANCIFER BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
DOUGLAS SLOSS BOARD MEMBER 1.00
Director
$3,600 $0 $3,600
MAY CATHERINE THOMAS TREASURER 1.00
Officer Director
$3,600 $0 $3,600
TERRENCE VELLIGAN CHAIRMAN 1.00
Officer Director
$3,600 $0 $3,600
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 No data No data No data No data
2024 No data No data No data No data
2023 $37,662 $254,955 $3,826,591 $-217,293
2022 $122,776 $212,482 $5,035,841 $-89,706
2021 $-201,193 $247,770 $6,061,848 $-448,963
2020 $220,510 $199,960 $6,266,532 $20,550
2019 $281,483 $243,258 $6,903,492 $38,225
2018 $256,147 $1,282,903 $2,509,620 $-1,026,756
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