HUMAN RESOURCE MANAGEMENT ASSOCIATION OF CHICAGO (EIN 362097601) - 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

1915

Legal Domicile

Principal Officer

IMRAN QURESHI

Phone

3129816790

Tax Period

2021-07-01 to 2022-01-27

HUMAN RESOURCE MANAGEMENT ASSOCIATION OF CHICAGO, founded in 1915, is a small nonprofit that reported $201K in total revenue in fiscal year 2021. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $495K exceeded revenue, resulting in a 147% operating deficit.

Mission

SERVE THE SPECIALIZED AND EVER-CHANGING NEEDS OF HR PROFESSIONALS WITHIN THE CHICAGO 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $140,287

Investment Income $59,309

Other Revenue $1,141

TOTAL REVENUE $200,737

Expense Breakdown

Grants Paid $417,774

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $77,713

TOTAL EXPENSES $495,487

Year-over-Year Comparison

	2021	2020	Change
Revenue	$200,737	$354,030	-0.4%
Expenses	$495,487	$325,512	+0.5%
Net Income	$-294,750	$28,518	-11.3%

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
IMRAN QURESHI	CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH HAYDEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTY HARRIS	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS WILLIAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
IRINA KONSTANTINOVSKY	PAST CHAIR	1.00	Officer Director	$0	$0	$0
NICK ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BERTSCHY	DIRECTOR	1.00	Director	$0	$0	$0
LISA BOMRAD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY BRAND	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN DE LA CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY GREEN	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN LIND	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN POWERS	DIRECTOR	1.00	Director	$0	$0	$0
KADIE TAPP	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
2022	$200,737	$495,487	No data	$-294,750
2021	$354,030	$325,512	$417,345	$28,518
2020	$716,781	$743,661	$543,848	$-26,880
2019	$940,483	$1,279,067	$809,914	$-338,584
2018	$1,079,679	$1,171,203	$1,007,684	$-91,524

HUMAN RESOURCE MANAGEMENT ASSOCIATION OF CHICAGO