West Central Association Inc (EIN 361947660) - 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

1918

Legal Domicile

Principal Officer

Armando Chacon

Phone

3129024922

Tax Period

2023-01-01 to 2023-12-31

WEST CENTRAL ASSOCIATION, founded in 1918, is a small nonprofit that reported $294K in total revenue in fiscal year 2018. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 39% operating margin.

Mission

As the Chamber of Commerce for the West Central area and a delegate agency for the City of Chicagos department of Planning and Economic Development, the West Central Assn is dedicated to promoting the area

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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 $484,063

Program Service Revenue $40,000

Investment Income $6,195

Other Revenue $0

TOTAL REVENUE $530,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,056

Fundraising Expenses $0

Program Expenses $40,000

Other Expenses $100,120

TOTAL EXPENSES $392,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,258	$304,584	+0.7%
Expenses	$392,176	$387,009	+0.0%
Net Income	$138,082	$-82,425	-2.7%

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

Total Directors

Key Employees

$262,341

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Adelson	Director	0.00	Director	$0	$0	$0
Max Bechina	Director	0.00	Director	$0	$0	$0
Jose Bedolla	Secretary	0.00	Officer Director	$0	$0	$0
Andy Eltzroth	Director	0.00	Director	$0	$0	$0
Richard Bridgford	Director	0.00	Director	$0	$0	$0
Thomas Broderick	Director	0.00	Director	$0	$0	$0
Rod Burch	Director of Operations	40.00	Key Emp	$93,913	$0	$93,913
Marc Bushala	Director	0.00	Director	$0	$0	$0
Michella Carrera	Director	0.00	Director	$0	$0	$0
Thomas Comforte	Director	0.00	Director	$0	$0	$0
Rodrigo D'Escoto	Director	0.00	Director	$0	$0	$0
Michael Ezgur	Director	0.00	Director	$0	$0	$0
Steven Greenberg	Director	0.00	Director	$0	$0	$0
Charles Grode	Director	0.00	Director	$0	$0	$0
Paige O'Neil	Director	0.00	Director	$0	$0	$0
Jacqui Russell	Director	0.00	Director	$0	$0	$0
Michael Semenzin	Director	0.00	Director	$0	$0	$0
Greg Terwilliger	Director	0.00	Director	$0	$0	$0
Armando Chacon	President	0.00	Officer Director	$0	$0	$0
Harry Huzenis	Second Vice President	0.00	Officer Director	$0	$0	$0
John Sochacz	Director	0.00	Director	$0	$0	$0
Timothy Swanson	First Vice President	0.00	Officer Director	$0	$0	$0
Fred Krol	Third Vice President	0.00	Officer Director	$0	$0	$0
Rita McGovern	Director	0.00	Director	$0	$0	$0
Erin Lavin Cabonargi	Fourth Vice President	0.00	Officer Director	$0	$0	$0
John Neurauter	Director	0.00	Director	$0	$0	$0
Joey Panfil	Director	0.00	Director	$0	$0	$0
Tia Angelos	Greektown Program Director	40.00	Key Emp	$80,000	$0	$80,000
Carla Agostinelli	Director of Development & Community Partnerships	40.00	Key Emp	$88,428	$0	$88,428
Mason Awtry	Director	0.00	Director	$0	$0	$0
Andrew Barker	Director	0.00	Director	$0	$0	$0
Brian Goldberg	Director	0.00	Director	$0	$0	$0
Allyson Hansen	Director	0.00	Director	$0	$0	$0
Anthony Hrusovsky	Director	0.00	Director	$0	$0	$0
Rob Mosher	Director	0.00	Director	$0	$0	$0
Chris Nadeau	Director	0.00	Director	$0	$0	$0
Kimberly Rachal	Director	0.00	Director	$0	$0	$0
Zolton Payerli	Seventh Vice President	0.00	Officer Director	$0	$0	$0
Gudrun Wu Snyder	Sixth Vice President	0.00	Officer Director	$0	$0	$0
Michelle Amore	Eighth Vice President	0.00	Officer 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
2024	No data	No data	No data	No data
2023	$530,258	$392,176	$386,046	$138,082
2022	$304,584	$387,009	$247,964	$-82,425
2021	$266,481	$240,544	$330,389	$25,937
2020	$254,175	$249,920	$304,452	$4,255
2019	$231,236	$206,426	$300,197	$24,810
2018	$294,194	$178,920	$275,387	$115,274

West Central Association Inc