THE ASSOCIATION OF THE JEWISH BLIND OF CHICAGO DBA KAGAN HOME FOR THE BLIND (EIN 361182038) - 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

1935

Legal Domicile

Principal Officer

MICHAEL SOLOCK

Phone

7739899800

Tax Period

2024-07-01 to 2025-06-30

THE ASSOCIATION OF THE JEWISH BLIND OF CHICAGO DBA KAGAN HOME FOR THE BLIND, founded in 1935, is a community nonprofit in the Diseases & Disorders sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 288% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 95% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO A PROGRAM THAT PROVIDES HOUSING AND SUPPORTIVE SERVICES TO ADULTS WHO ARE BLIND AND VISUALLY IMPAIRED.

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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 $0

Program Service Revenue $0

Investment Income $1,605,426

Other Revenue $0

TOTAL REVENUE $1,605,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $75,553

TOTAL EXPENSES $75,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,605,426	$414,120	+2.9%
Expenses	$75,553	$110,814	-0.3%
Net Income	$1,529,873	$303,306	+4.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SOLOCK	PRESIDENT & TREASURER	1.00	Officer Director	$0	$0	$0
SID FIRSTMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JILL STRONG	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
MARY HALEY	DIRECTOR	1.00	Director	$0	$0	$0
RICH GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
IAN KAY	DIRECTOR	1.00	Director	$0	$0	$0
RANDOLPH BODWIN	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY CRANE	DIRECTOR	1.00	Director	$0	$0	$0
LEAHRUTH JEMILO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHE QUANCARD	DIRECTOR	1.00	Director	$0	$0	$0
JEFF FLODIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GLICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RINK	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
2025	$1,605,426	$75,553	$22,610,525	$1,529,873
2024	$414,120	$110,814	$19,705,126	$303,306
2023	$36,663	$40,983	$15,450,901	$-4,320
2022	$1,322,892	$56,196	$13,444,885	$1,266,696
2021	$951,651	$45,015	$18,236,603	$906,636
2020	$-1,136,210	$72,806	$12,417,429	$-1,209,016

THE ASSOCIATION OF THE JEWISH BLIND OF CHICAGO DBA KAGAN HOME FOR THE BLIND