The Chicago Area Project (EIN 362256023) - 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

1934

Legal Domicile

Principal Officer

David E Whittaker

Phone

3126633574

Tax Period

2024-07-01 to 2025-06-30

The Chicago Area Project, founded in 1934, is a community nonprofit in the Crime & Legal sector that reported $3.2M in total revenue in fiscal year 2017. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

To work toward the prevention and eradication of juvenile delinquency through the development and support of adulated, local community self-help efforts in communities.

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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 $5,829,782

Program Service Revenue $0

Investment Income $94

Other Revenue $139

TOTAL REVENUE $5,830,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,468,865

Fundraising Expenses $0

Program Expenses $4,831,978

Other Expenses $912,617

TOTAL EXPENSES $5,381,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,830,015	$5,661,258	+0.0%
Expenses	$5,381,482	$5,660,899	0.0%
Net Income	$448,533	$359	+1248.4%

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

217

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

$451,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Whittaker	Executive Director	40.0	Officer	$165,500	$24,825	$190,325
Thomas Brindisi	Executive Director	40.0	Officer	$115,000	$17,500	$132,500
Howard Lathan	Executive Director	40.0	Officer	$110,000	$18,468	$128,468
Donald Cox-Bey	President	1.0	Officer Director	$0	$0	$0
Mary Montgomery	Director	1.0	Director	$0	$0	$0
Willie Barnes	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
Tempie Bates	Director	1.0	Director	$0	$0	$0
Richard Steele	Director	1.0	Director	$0	$0	$0
Alma Buckner	Director	1.0	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	$5,830,015	$5,381,482	$1,163,049	$448,533
2024	No data	No data	No data	No data
2023	$5,717,475	$5,680,246	$1,431,461	$37,229
2022	$4,605,520	$4,538,088	$1,216,262	$67,432
2021	$5,871,125	$5,914,098	$1,558,978	$-42,973
2020	$4,610,999	$4,216,192	$1,786,079	$394,807
2019	$4,578,714	$4,162,836	$1,051,214	$415,878
2018	$3,177,941	$3,280,343	$850,984	$-102,402

The Chicago Area Project