CHICAGO LOOP ALLIANCE

EIN: 361819460 Community Improvement

CHICAGO, IL

Total Revenue
$1,759,226
Total Expenses
$1,869,713
Total Assets
$1,656,826
Net Assets
$396,338
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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
1929
Legal Domicile
IL
Principal Officer
RICH GAMBLE
Phone
3127829160
Tax Period
2023-01-01 to 2023-12-31

CHICAGO LOOP ALLIANCE, founded in 1929, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE CLA IS TO CREATE, MANAGE AND PROMOTE HIGH-PERFORMING URBAN EXPERIENCES, ATTRACTING PEOPLE AND INVESTMENT TO THE LOOP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $265,975
Program Service Revenue $1,493,251
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,759,226

Expense Breakdown

Grants Paid $0
Salaries & Benefits $415,628
Fundraising Expenses $0
Other Expenses $1,454,085
TOTAL EXPENSES $1,869,713

Year-over-Year Comparison

2023 2022 Change
Revenue $1,759,226 $1,636,946 +0.1%
Expenses $1,869,713 $1,640,293 +0.1%
Net Income $-110,487 $-3,347 +32.0%
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

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Governance

Voting Members
46
Independent Members
46
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
56
$0
Key Employees
2
$353,701
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY BOONSTRA DIRECTOR 1.00
Director
$0 $0 $0
BEN CREAMER DIRECTOR 1.00
Director
$0 $0 $0
BILL BURFEIND DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY RENNER DIRECTOR 1.00
Director
$0 $0 $0
LENNY ASARO DIRECTOR 1.00
Director
$0 $0 $0
CHARLES SMITH DIRECTOR 1.00
Director
$0 $0 $0
TODD BANCROFT DIRECTOR 1.00
Director
$0 $0 $0
DAVID BROZ DIRECTOR 1.00
Director
$0 $0 $0
EILEEN LACARIO DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH MACKEL DIRECTOR 1.00
Director
$0 $0 $0
G BRENT MINOR HONORARY BOARD 1.00
Director
$0 $0 $0
FRAN CASEY HONORARY BOARD 1.00
Director
$0 $0 $0
KRIS HANSEN DIRECTOR 1.00
Director
$0 $0 $0
HERMAN BERGHOFF HONORARY BOARD 1.00
Director
$0 $0 $0
HUTT RUBIO DIRECTOR 1.00
Director
$0 $0 $0
ISSAC RIGGS DIRECTOR 1.00
Director
$0 $0 $0
JANETTE OUTLAW DIRECTOR 1.00
Director
$0 $0 $0
JEAN DE ST AUBIN DIRECTOR 1.00
Officer Director
$0 $0 $0
NOREEN HERON DIRECTOR 1.00
Director
$0 $0 $0
JIM RYLOWICZ DIRECTOR 1.00
Director
$0 $0 $0
JOHN COLLINS DIRECTOR 1.00
Director
$0 $0 $0
JOHN G WELLS DIRECTOR 1.00
Director
$0 $0 $0
JOHN VANCE DIRECTOR 1.00
Director
$0 $0 $0
JUDIE GREEN DIRECTOR 1.00
Director
$0 $0 $0
KAT FRERICHS DIRECTOR 1.00
Director
$0 $0 $0
KEARBY J KAISER DIRECTOR 1.00
Director
$0 $0 $0
KEMENA BROOKS SECRETARY 1.00
Officer Director
$0 $0 $0
KIRSTEN EKDAHL-HULL DIRECTOR 1.00
Director
$0 $0 $0
LASHAUN JACKSON DIRECTOR 1.00
Director
$0 $0 $0
LAURA GRAVES TREASURER 1.00
Officer Director
$0 $0 $0
LEON WALKER DIRECTOR 1.00
Director
$0 $0 $0
LORI HEALEY HONORARY BOARD 1.00
Director
$0 $0 $0
LOUIS D DANGELO DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW SAROSY DIRECTOR 1.00
Director
$0 $0 $0
MELVIN L KATTEN HONORARY BOARD 1.00
Director
$0 $0 $0
MORGAN EAGLES DIRECTOR 1.00
Director
$0 $0 $0
NORA GAINER DIRECTOR 1.00
Director
$0 $0 $0
NORMAN ELKIN HONORARY BOARD 1.00
Director
$0 $0 $0
RACHEL PHIPPS DIRECTOR 1.00
Director
$0 $0 $0
RALPH HUGHES HONORARY BOARD 1.00
Director
$0 $0 $0
RICH GAMBLE CHAIRMAN 1.00
Officer Director
$0 $0 $0
RONALD M ARNOLD HONORARY BOARD 1.00
Director
$0 $0 $0
SANDI ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
SIMONE A RANDOLPH VICE-CHAIR 1.00
Officer Director
$0 $0 $0
STANLEY NITZBERG DIRECTOR 1.00
Director
$0 $0 $0
STEFAN GRUVBERGER DIRECTOR 1.00
Director
$0 $0 $0
STEVE GARDNER DIRECTOR 1.00
Director
$0 $0 $0
TAMAR MIZRAHI DIRECTOR 1.00
Director
$0 $0 $0
TESS GREEN DIRECTOR 1.00
Director
$0 $0 $0
TOM BUECHELE DIRECTOR 1.00
Director
$0 $0 $0
YAFAWN SMITH DIRECTOR 1.00
Director
$0 $0 $0
JUANNA BLACKWELL DIRECTOR 1.00
Director
$0 $0 $0
TANGLEA ENYAI DIRECTOR 1.00
Director
$0 $0 $0
PAUL RADES DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SWANSON DIRECTOR 1.00
Director
$0 $0 $0
MARKEYON WALLOCK DIRECTOR 1.00
Director
$0 $0 $0
ABEL RODRIGUEZ CHIEF FINANCIAL OFFICER 40.00
Key Emp
$157,387 $0 $157,387
MICHAEL EDWARDS PRESIDENT 40.00
Key Emp
$196,314 $0 $196,314
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 No data No data No data No data
2023 $1,759,226 $1,869,713 $1,656,826 $-110,487
2022 $4,685,535 $4,319,251 $6,027,493 $366,284
2021 $3,513,493 $3,329,621 $4,523,084 $183,872
2020 $3,268,949 $2,922,255 $4,171,635 $346,694
2019 $3,392,483 $3,342,597 $3,866,122 $49,886
2018 $3,164,873 $3,233,354 $3,644,419 $-68,481
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