Armed Forces Council of Chicago (EIN 363100750) - 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

1980

Legal Domicile

Principal Officer

Jeffrey Gray

Phone

3124355945

Tax Period

2022-10-01 to 2023-09-30

Armed Forces Council of Chicago, founded in 1980, is a small nonprofit in the Public & Societal Benefit sector that reported $249K in total revenue in fiscal year 2022. The organization ran a surplus of $101K, a strong 41% operating margin.

Mission

Promote public support of the US military primarily through maintaining contact betweeen citizens of Chicago and troops and sailors of the 502nd Infratry Regiment and the U.S.S. Illinois and U.S.S. Chicago submarines.

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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 (2022)

Revenue Breakdown

Contributions & Grants $245,924

Program Service Revenue $0

Investment Income $3,257

Other Revenue $-505

TOTAL REVENUE $248,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $143,452

Other Expenses $147,249

TOTAL EXPENSES $147,249

Year-over-Year Comparison

	2022	2021	Change
Revenue	$248,676	$234,253	+0.1%
Expenses	$147,249	$135,439	+0.1%
Net Income	$101,427	$98,814	+0.0%

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

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
Lee Benish	Director	003.00	Director	$0	$0	$0
Beau Butts	Director	003.00	Director	$0	$0	$0
Kenneth Caniglia	Director	003.00	Director	$0	$0	$0
William Nissen	Director	003.00	Director	$0	$0	$0
Leonard Wass	Director	003.00	Director	$0	$0	$0
John H Schwan	President	001.00	Officer	$0	$0	$0
Richard E Moore	Treasurer	001.00	Officer	$0	$0	$0
Jeffrey Gray	Secretary	001.00	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
2023	$248,676	$147,249	$528,297	$101,427
2022	$234,253	$135,439	$426,869	$98,814
2021	$182,098	$28,531	$328,054	$153,567

Armed Forces Council of Chicago