GREATER SOUTHWEST DEVELOPMENT CORP (EIN 362858304) - 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

1974

Legal Domicile

Principal Officer

ADRIAN SOTO

Tax Period

2024-01-01 to 2024-12-31

GREATER SOUTHWEST DEVELOPMENT CORP, founded in 1974, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $877K, a strong 26% operating margin.

Mission

THE GREATER SOUTHWEST DEVELOPMENT CORPORATION IS THE CATALYST FOR CREATING AND MAINTAINING A VITAL GREATER SOUTHWEST CHICAGO COMMUNITY.

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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 $1,605,318

Program Service Revenue $101,404

Investment Income $315,933

Other Revenue $1,329,552

TOTAL REVENUE $3,352,207

Expense Breakdown

Grants Paid $39,709

Salaries & Benefits $1,257,122

Fundraising Expenses $39,627

Program Expenses $1,048,936

Other Expenses $1,177,999

TOTAL EXPENSES $2,474,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,352,207	$2,845,355	+0.2%
Expenses	$2,474,830	$2,497,146	0.0%
Net Income	$877,377	$348,209	+1.5%

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

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

$170,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN SOTO	EXECUTIVE DI	40.00	Officer	$170,600	$0	$170,600
MANUEL JIMENEZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEFF BARTOW	SECRETARY	2.00	Officer Director	$0	$0	$0
NYLA DIAB	DIRECTOR	2.00	Director	$0	$0	$0
GABRIELA BARRIENTOS CHAVEZ	TREASURER	2.00	Director	$0	$0	$0
BRYAN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
MARIA RUFF	DIRECTOR	2.00	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	$3,352,207	$2,474,830	$17,243,529	$877,377
2023	$2,845,355	$2,497,146	$18,971,058	$348,209
2022	$2,786,256	$2,680,444	$14,051,462	$105,812
2021	$2,172,878	$1,714,414	$9,409,140	$458,464
2020	$1,181,194	$1,261,500	$8,996,605	$-80,306
2019	$1,308,361	$1,202,475	$8,799,764	$105,886
2018	$1,585,610	$1,374,092	$8,757,894	$211,518
2017	$2,040,306	$1,318,143	$8,642,931	$722,163

GREATER SOUTHWEST DEVELOPMENT CORP