NEAR SOUTH PLANNING BOARD

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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

1995

Legal Domicile

Phone

3129871980

Tax Period

2024-08-01 to 2025-07-31

NEAR SOUTH PLANNING BOARD, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $571K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $664K exceeded revenue, resulting in a 16% operating deficit.

Mission

To assist civic and cultural associations, institutions, hospitals, universities, private owners and residents in the development, redevelopment, renovation, rehabilitation and other acitvities related to the maintenance and promotion of the Near South area of Chicago.

Program Service Accomplishments

Program 1

Expenses: $301,857 Revenue: $248,115

Printers Row Literary Festival, the largest annual outdoor literary showcase in the Midwest

Program 2

Expenses: $57,236 Revenue: $113,923

Harold Washington Literary Dinner

Program 3

Expenses: $21,747 Revenue: $71,080

Membership meetings to promote the Printers Row historical district and Near South Area of Chicago

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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 $71,080

Program Service Revenue $498,117

Investment Income $1,856

Other Revenue $0

TOTAL REVENUE $571,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,293

Fundraising Expenses $0

Program Expenses $380,840

Other Expenses $423,428

TOTAL EXPENSES $663,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,053	$767,775	-0.3%
Expenses	$663,721	$908,338	-0.3%
Net Income	$-92,668	$-140,563	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bonita Sanchez-Carlson	President	40.00	Officer Director	$0	$0	$0
Ernest Wong	Vice President	1.00	Officer Director	$0	$0	$0
Steven Smutny	Treasurer	5.00	Officer Director	$0	$0	$0
Fran Casey	Secretary	1.00	Officer Director	$0	$0	$0
Anthony Kramer	Chairman	10.00	Officer 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	$571,053	$663,721	$203,532	$-92,668
2024	$767,775	$908,338	$293,416	$-140,563
2023	$616,447	$740,577	$281,844	$-124,130
2019	$746,780	$641,632	$139,670	$105,148
2018	$369,955	$402,014	$40,466	$-32,059