CHICAGO LOOP ALLIANCE

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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

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 CHICAGO LOOP ALLIANCE IS TO CREATE, MANAGE AND PROMOTE HIGH-PERFORMING URBAN EXPERIENCES, ATTRACTING PEOPLE AND INVESTMENT TO THE LOOP.

Program Service Accomplishments

Program 1

PROMOTION OF COMMERCIAL AND ECONOMIC PROSPERITY OF STATE STREET, CHICAGO ILLINOIS, SIDEWALK MAINTENANCE AND BEAUTIFICATION. SUPPORTED BY PROPERTY TAXES LEVIED ON NEIGHBORHOOD COMMERCIAL PROPERTIES...

PROMOTION OF COMMERCIAL AND ECONOMIC PROSPERITY OF STATE STREET, CHICAGO ILLINOIS, SIDEWALK MAINTENANCE AND BEAUTIFICATION. SUPPORTED BY PROPERTY TAXES LEVIED ON NEIGHBORHOOD COMMERCIAL PROPERTIES WHICH ARE COLLECTED BY THE CITY OF CHICAGO.

Program 2

EVENTS AND PROMOTIONS FOR VISITORS TO THE CENTRAL BUSINESS DISTRICT OF CHICAGO.

Program 3

MARKETING ACTIVITIES THAT BRING MEDIA ATTENTION 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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

$353,701

Highest Compensated

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