OLD TOWN TRIANGLE ASSOCIATION (EIN 362336401) - 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

1952

Legal Domicile

Principal Officer

RAY CLARK

Phone

3123371938

Tax Period

2023-08-01 to 2024-07-31

OLD TOWN TRIANGLE ASSOCIATION, founded in 1952, is a small nonprofit that reported $482K in total revenue in fiscal year 2017. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

ENHANCE THE QUALITY OF LIFE FOR RESIDENTS WHO LIVE IN THE AREA OF THE CITY OF CHICAGO BOUNDED BY NORTH AVENUE, CLARK STREET AND THE GHOST OF OGDEN AVENUE ("THE TRIANGLE")

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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 $21,855

Program Service Revenue $70,822

Investment Income $24,683

Other Revenue $239,821

TOTAL REVENUE $357,181

Expense Breakdown

Grants Paid $91,988

Salaries & Benefits $99,351

Fundraising Expenses $19,869

Program Expenses $334,596

Other Expenses $208,852

TOTAL EXPENSES $400,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,181	$358,275	0.0%
Expenses	$400,191	$405,545	0.0%
Net Income	$-43,010	$-47,270	-0.1%

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

625

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
RAY CLARK	PRESIDENT	10.00	Officer Director	$0	$0	$0
ANNE GIFFELS	1ST VICE PRE	10.00	Officer Director	$0	$0	$0
CHRIS NELSON	2ND VICE PRE	10.00	Officer Director	$0	$0	$0
JANE BACHMANN	SECRETARY	10.00	Officer Director	$0	$0	$0
DREW ROESCH	TREASURER	10.00	Officer Director	$0	$0	$0
ALAN LOUGEE	DIRECTOR	10.00	Director	$0	$0	$0
ELAINE FREI	DIRECTOR	10.00	Director	$0	$0	$0
DAVID MONTGOMERY	DIRECTOR	10.00	Director	$0	$0	$0
ANETA TOMASZKIEWICZ	DIRECTOR	10.00	Director	$0	$0	$0
LOTIKA PAI	DIRECTOR	10.00	Director	$0	$0	$0
BETH BURK	DIRECTOR	10.00	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
2024	$357,181	$400,191	$673,846	$-43,010
2023	$358,275	$405,545	$729,189	$-47,270
2022	$476,793	$417,749	$768,796	$59,044
2021	$371,524	$232,978	$750,391	$138,546
2020	$79,835	$294,351	$613,404	$-214,516
2019	$443,264	$493,868	$781,919	$-50,604
2018	$481,798	$482,622	$832,710	$-824

OLD TOWN TRIANGLE ASSOCIATION