COMMUNITY AND ECONOMIC DEVELOPMENT ASSOCIATION OF COOK COUNTY INC (EIN 362597741) - 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

1966

Legal Domicile

Principal Officer

ERIC SLAUGHTER

Phone

3127822332

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY AND ECONOMIC DEVELOPMENT ASSOCIATION OF COOK COUNTY INC, founded in 1966, is a major nonprofit in the Community Improvement sector that reported $168.1M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

CEDA'S MISSION IS TO WORK IN PARTNERSHIP WITH COMMUNITIES TO EMPOWER FAMILIES AND INDIVIDUALS TO ACHIEVE SELF-SUFFICIENCY AND IMPROVE THEIR QUALITY OF LIFE.

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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 $165,455,332

Program Service Revenue $2,092,555

Investment Income $471,786

Other Revenue $91,843

TOTAL REVENUE $168,111,516

Expense Breakdown

Grants Paid $105,214,197

Salaries & Benefits $32,025,062

Fundraising Expenses $0

Program Expenses $161,056,595

Other Expenses $29,724,250

TOTAL EXPENSES $166,963,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,111,516	$215,179,806	-0.2%
Expenses	$166,963,509	$212,850,504	-0.2%
Net Income	$1,148,007	$2,329,302	-0.5%

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

579

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

$920,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC SLAUGHTER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LISA ANTHONY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LARSENIA HORTON	SECRETARY	2.00	Officer Director	$0	$0	$0
HERB PORTER	TREASURER	2.00	Officer Director	$0	$0	$0
HON VERNARD ALSBERRY	DIRECTOR	2.00	Director	$0	$0	$0
HAROLD BARR	DIRECTOR	2.00	Director	$0	$0	$0
PERCY BERGER	DIRECTOR	2.00	Director	$0	$0	$0
SARAH FLAX	DIRECTOR	2.00	Director	$0	$0	$0
XOCHITL FLORES	DIRECTOR	2.00	Director	$0	$0	$0
ROD FRAZIER	DIRECTOR	2.00	Director	$0	$0	$0
DARNELL JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
SABAH SAQQAR	DIRECTOR (THRU JAN 2025)	2.00	Director	$0	$0	$0
SHAHIEDAH SHABAZZ	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA TRAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA WATKINS	DIRECTOR (THRU JAN 2025)	2.00	Director	$0	$0	$0
GYATTA KIMMONS	DIRECTOR	2.00	Director	$0	$0	$0
MIKE KING	DIRECTOR	2.00	Director	$0	$0	$0
HAROLD RICE	PRESIDENT/CEO	40.00	Officer	$314,948	$37,859	$352,807
GLEN OFENLOCH	CFO/COO	40.00	Officer	$301,473	$11,175	$312,648
JOHN PADY	CHIEF EXP/PROGRAM OFFICER	40.00	Officer	$238,391	$16,821	$255,212
RAJEV KUMAR	VP TECH & INFORMATION SVCS	40.00	Highest	$181,232	$7,522	$188,754
LIA CRUZ	ACCOUNTING DIRECTOR	40.00	Highest	$170,654	$7,300	$177,954
PAUL LALONDE	VP PEOPLE & CULTURE	40.00	Highest	$159,947	$28,860	$188,807
LATOYA BUTLER	VP ENERGY SERVICES	40.00	Highest	$154,161	$5,648	$159,809
TROY O'QUIN	VP OF PROGRAMS/PUBLIC POLICY	40.00	Highest	$158,537	$26,600	$185,137

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	$168,111,516	$166,963,509	$45,191,509	$1,148,007
2024	$215,179,806	$212,850,504	$60,434,543	$2,329,302
2023	$262,484,018	$258,009,702	$41,180,005	$4,474,316
2022	$234,837,764	$233,637,934	$56,631,029	$1,199,830
2021	$153,702,719	$152,241,675	$24,388,973	$1,461,044
2020	$119,873,453	$117,963,388	$19,163,676	$1,910,065
2019	$126,450,435	$125,043,527	$16,546,317	$1,406,908
2018	$110,188,054	$109,481,602	$17,686,897	$706,452

COMMUNITY AND ECONOMIC DEVELOPMENT ASSOCIATION OF COOK COUNTY INC