GREATER ORGANIZATION FOR LESS FORTUNATE

EIN: 363225673 501(c)(3)

Lake Bluff, IL

Total Revenue
$235,975
Total Expenses
$66,695
Total Assets
$515,474
Net Assets
$515,474
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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
1983
Legal Domicile
IL
Principal Officer
Stephen C Schulte
Phone
8479090768
Tax Period
2024-07-01 to 2025-06-30

GREATER ORGANIZATION FOR LESS FORTUNATE, founded in 1983, is a small nonprofit that reported $236K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $169K, a strong 72% operating margin.

Mission

To raise funds for less fortunate youth

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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 (2024)

Revenue Breakdown

Contributions & Grants $206,888
Program Service Revenue $0
Investment Income $18,154
Other Revenue $10,933
TOTAL REVENUE $235,975

Expense Breakdown

Grants Paid $66,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $66,500
Other Expenses $195
TOTAL EXPENSES $66,695

Year-over-Year Comparison

2024 2023 Change
Revenue $235,975 $470,529 -0.5%
Expenses $66,695 $438,360 -0.8%
Net Income $169,280 $32,169 +4.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen C Schulte President 10
Officer Director
$0 $0 $0
Kathleen A Schulte Vice President and Secretary 10
Officer Director
$0 $0 $0
James P Burke Jr Vice President and Treasurer 10
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 $235,975 $66,695 $515,474 $169,280
2024 $470,529 $438,360 $346,194 $32,169
2023 $173,023 $116,900 $314,025 $56,123
2022 $223,120 $118,712 $257,902 $104,408
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