INDUSTRIAL COUNCIL OF NEARWEST CHGO

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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

1967

Legal Domicile

Phone

3124213941

Tax Period

2021-01-01 to 2021-12-31

Mission

STRENGTHEN COMPANIES IN THE KINZIE INDUSTRIAL CORRIDOR AND FACILITATE ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING SERVICES AND INCUBATOR SPACE.

Program Service Accomplishments

Program 1

RENT SPACE TO APPROXIMATELY 75 TENANTS AND PROVIDE BUSINESS DEVELOPMENT SERVICES.

Program 2

PROVIDE SERVICES TO COMPANIES IN THE NEARWEST SIDE AND IN THE INCUBATOR TO STRENGTEN BUSINESS AND RETAIN JOBS. NO COST SERVICES INCLUDE: BUSINESS ADVOCACY, SMALL BUSINESS DEVELOPMENT, TRAINING AND...

PROVIDE SERVICES TO COMPANIES IN THE NEARWEST SIDE AND IN THE INCUBATOR TO STRENGTEN BUSINESS AND RETAIN JOBS. NO COST SERVICES INCLUDE: BUSINESS ADVOCACY, SMALL BUSINESS DEVELOPMENT, TRAINING AND EDUCATION, COMPUTER INSTRUCTION AND ON-SITE ACCESS, EMPLOYEE PLACEMENT, EVENTS AND NETWORKING.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2021	2020	Change
Revenue	N/A	$3,223,946	-1.0%
Expenses	N/A	$2,834,228	-1.0%
Net Income	N/A	$389,718	N/A

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE DEBRETTO	EXECUTIVE DI	N/A	Officer	$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
2021	No data	No data	No data	No data
2020	$3,223,946	$2,834,228	$10,141,360	$389,718
2019	$3,349,963	$2,708,271	$10,408,461	$641,692
2018	$3,128,067	$2,747,725	$10,109,438	$380,342