Chicago Cosmetologists Association (EIN 360901250) - 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

Legal Domicile

Principal Officer

Frank Fulco

Phone

3123216809

Tax Period

2023-10-01 to 2024-09-30

Chicago Cosmetologists Association is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

To unite salon professionals while educating them to ensure lifetime career success.

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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 $414,835

Program Service Revenue $3,687,950

Investment Income $115

Other Revenue $0

TOTAL REVENUE $4,102,900

Expense Breakdown

Grants Paid $1,427

Salaries & Benefits $786,498

Fundraising Expenses $0

Other Expenses $3,523,300

TOTAL EXPENSES $4,311,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,102,900	$3,337,301	+0.2%
Expenses	$4,311,225	$3,311,055	+0.3%
Net Income	$-208,325	$26,246	-8.9%

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

$259,944

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Fulco	CEO	40.00	Officer	$259,944	$0	$259,944
Rudolph Moser	Director	2.00	Director	$0	$0	$0
Karen Gordon	Asst to Presid	2.00	Director	$0	$0	$0
Robert Passage	Past President	2.00	Director	$0	$0	$0
Erskine Reeves	Director	2.00	Director	$0	$0	$0
Anna Manukyan	Director	2.00	Director	$0	$0	$0
Beata Luberda Goodman	Voting Member	2.00	Director	$0	$0	$0
Maggie Bujak-Karshan	Adjunct Member	2.00	Director	$0	$0	$0
Robert Reed	Adjunct Member	2.00	Director	$0	$0	$0
Lorrene Conino	President	2.00	Officer	$0	$0	$0
Miryea Villareal	Secretary	2.00	Officer	$0	$0	$0
Tony Gordon	Treasurer	2.00	Officer	$0	$0	$0
Larry Kane	Vice President	2.00	Officer	$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	$4,102,900	$4,311,225	$2,722,741	$-208,325
2023	$3,337,301	$3,311,055	$2,141,704	$26,246
2022	$4,139,104	$4,334,782	$1,426,997	$-195,678
2021	$2,186,841	$2,364,193	$1,586,512	$-177,352
2020	$2,860,607	$2,077,413	$1,743,034	$783,194
2019	$3,544,171	$3,799,941	$562,282	$-255,770

Chicago Cosmetologists Association