OLD TOWN TRIANGLE ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

RAY CLARK

Phone

3123371938

Tax Period

2024-08-01 to 2025-07-31

OLD TOWN TRIANGLE ASSOCIATION, founded in 1952, is a small nonprofit that reported $406K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $84K, a strong 21% operating margin.

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")

Program Service Accomplishments

Program 1

Expenses: $58,784

TO MONITOR THE GENERAL CONDITION OF THE OLD TOWN TRIANGLE, BOTH SOCIALLY AND PHYSICALLY, AND INITIATE ANY ACTION DEEMED APPROPRIATE TO FURTHER THE GENERAL WELFARE OF THE OLD TOWN TRIANGLE ASSOCIATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,652

Program Service Revenue $62,374

Investment Income $20,124

Other Revenue $289,595

TOTAL REVENUE $405,745

Expense Breakdown

Grants Paid $41,998

Salaries & Benefits $117,071

Fundraising Expenses $70,228

Program Expenses $222,889

Other Expenses $162,696

TOTAL EXPENSES $321,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$405,745	$357,211	+0.1%
Expenses	$321,765	$405,073	-0.2%
Net Income	$83,980	$-47,862	-2.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY CLARK	PRESIDENT	10.00	Officer Director	$0	$0	$0
MATT LANGER	1ST VICE PRE	10.00	Officer Director	$0	$0	$0
CHRIS NELSON	2ND VICE PRE	10.00	Officer Director	$0	$0	$0
SONY OLIFF	SECRETARY	10.00	Officer Director	$0	$0	$0
DREW ROESCH	TREASURER	10.00	Officer Director	$0	$0	$0
DOROTHY DECARLO	DIRECTOR	10.00	Director	$0	$0	$0
BEN WOLFE	DIRECTOR	10.00	Director	$0	$0	$0
KIM THORSTENSON	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
2025	$405,745	$321,765	$753,369	$83,980
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