SOUTH EAST CHICAGO COMMISSION

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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

1952

Legal Domicile

Principal Officer

DIANE BURNHAM

Phone

7733246926

Tax Period

2024-07-01 to 2025-06-30

SOUTH EAST CHICAGO COMMISSION, founded in 1952, is a small nonprofit that reported $385K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $609K exceeded revenue, resulting in a 58% operating deficit.

Mission

SECC collaborates with other University of Chicago businesses and organizations to foster a spirit of community and to enhance ongoing quality of life across neighborhoods it serves

Program Service Accomplishments

Program 1

Expenses: $331,222

Economic Development Programs Neighborhood Business Development Center NBDC as one of several NBDCs within the city, SECC continues to work in partnership with local businesses and community...

Economic Development Programs Neighborhood Business Development Center NBDC as one of several NBDCs within the city, SECC continues to work in partnership with local businesses and community stakeholders to enhance business districts and the overall quality of life within our footprint. Business District Improvement The MOU between the City of Chicago and the University of Chicago provides an opportunity for SECC to implement an integrated community-based approach to neighborhood improvement. SECC aim is to leverage the University of Chicago resources to supplement and enhance business improvement district in Oakland, Kenwood, Hyde Park, Washington Park, and Woodlawn.

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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 $355,795

Program Service Revenue $27,981

Investment Income $63

Other Revenue $859

TOTAL REVENUE $384,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,939

Fundraising Expenses $0

Program Expenses $331,222

Other Expenses $315,109

TOTAL EXPENSES $609,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$384,698	$533,646	-0.3%
Expenses	$609,048	$575,456	+0.1%
Net Income	$-224,350	$-41,810	+4.4%

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

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

$88,683

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diane Burnham	Executive Director	040.00	Officer	$88,683	$0	$88,683
Andre Brumfield	Director	001.00	Director	$0	$0	$0
Sandra Bivens	Director	001.00	Director	$0	$0	$0
JoAnn Newsome	2nd Vice-President	001.00	Officer Director	$0	$0	$0
James Poueymirou	1st Vice President	001.00	Officer Director	$0	$0	$0
Jourdan Sorrell	President	001.00	Officer Director	$0	$0	$0
Elizabeth Gardner	Assistant Treasurer	001.00	Officer Director	$0	$0	$0
Danita Childers	Treasurer	001.00	Officer Director	$0	$0	$0
Phaedra Leslie	Secretary	001.00	Officer Director	$0	$0	$0
Kyle Lilly	Director	001.00	Director	$0	$0	$0
Ben Anderson	Assistant Secretary	001.00	Officer Director	$0	$0	$0
Prentice Butler	Director	001.00	Director	$0	$0	$0
Michael McGarry	Director	001.00	Director	$0	$0	$0
Darryl Newell	Director	001.00	Director	$0	$0	$0
Eric Smith	Director	001.00	Director	$0	$0	$0
Elvin E Charity	Director	001.00	Director	$0	$0	$0
Noelle G Gipson	Director	001.00	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	$384,698	$609,048	$374,879	$-224,350
2024	No data	No data	No data	No data
2022	$637,721	$670,946	$499,451	$-33,225
2021	$670,335	$579,880	$530,631	$90,455
2020	$767,648	$422,024	$704,402	$345,624
2019	$411,863	$405,787	$295,770	$6,076
2018	$336,611	$348,015	$284,000	$-11,404