GLOBAL MARKET DEVELOPMENT CENTER CO KEELEY KUENN & REID

EIN: 362698078

CHICAGO, IL

Total Revenue
$191,881
Total Expenses
$842,517
Total Assets
N/A
Net Assets
N/A
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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
1970
Legal Domicile
IL
Principal Officer
PATRICK SPEAR
Phone
7195764260
Tax Period
2022-01-01 to 2022-12-31

GLOBAL MARKET DEVELOPMENT CENTER CO KEELEY KUENN & REID, founded in 1970, is a small nonprofit that reported $192K in total revenue in fiscal year 2022. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $843K exceeded revenue, resulting in a 339% operating deficit.

Mission

SEE PART III, LINE 1 AND SCHEDULE O

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $32,730
Investment Income $157,837
Other Revenue $1,314
TOTAL REVENUE $191,881

Expense Breakdown

Grants Paid $0
Salaries & Benefits $664,529
Fundraising Expenses $0
Other Expenses $177,988
TOTAL EXPENSES $842,517

Year-over-Year Comparison

2022 2021 Change
Revenue $191,881 $1,658,815 -0.9%
Expenses $842,517 $5,247,148 -0.8%
Net Income $-650,636 $-3,588,333 -0.8%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
8
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
2
$387,254
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK SPEAR President 10.00
Officer
$202,351 $0 $202,351
JAMES ENGSTROM Vice President 10.00
Officer
$184,903 $0 $184,903
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
2022 $191,881 $842,517 No data $-650,636
2021 $1,658,815 $5,247,148 $1,506,164 $-3,588,333
2020 $3,304,295 $5,375,799 $6,178,985 $-2,071,504
2019 $5,521,510 $7,350,849 $7,271,719 $-1,829,339
2018 $6,345,684 $7,262,792 $8,278,602 $-917,108
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