OLD TOWN MERCHANTS & RESIDENTS ASS… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

PAM FARLEY

Phone

3129516106

Tax Period

2023-01-01 to 2023-12-31

OLD TOWN MERCHANTS & RESIDENTS ASSOC, founded in 1971, is a small nonprofit that reported $658K in total revenue in fiscal year 2023. Expenses of $613K left a modest 7% surplus.

Mission

PROMOTION AND GROWTH OF THE OLD TOWN AREA IN CHICAGO, IL.

Program Service Accomplishments

Program 1

THE ANNUAL ART FAIR IS HELD IN THE OLD TOWN AREA OF CHICAGO AS PART OF CITY'S ONGOING STREET FAIR PROGRAM. THE FAIR ENCOURAGES THE MINGLING OF ALL ETHNIC AND ECONOMIC CLASSES & FORMS A FAVORABLE...

THE ANNUAL ART FAIR IS HELD IN THE OLD TOWN AREA OF CHICAGO AS PART OF CITY'S ONGOING STREET FAIR PROGRAM. THE FAIR ENCOURAGES THE MINGLING OF ALL ETHNIC AND ECONOMIC CLASSES & FORMS A FAVORABLE CLIMATE FOR BUSINESS INTERESTS IN THE AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $200,640

Program Service Revenue $368,472

Investment Income $4,696

Other Revenue $84,201

TOTAL REVENUE $658,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,103

Fundraising Expenses $18,148

Other Expenses $515,912

TOTAL EXPENSES $613,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$658,009	$613,934	+0.1%
Expenses	$613,015	$496,745	+0.2%
Net Income	$44,994	$117,189	-0.6%

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

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
CHRISTOPHER DONOVAN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
PAM FARLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
SARA PLOCKER	SECRETARY	N/A	Officer Director	$0	$0	$0
KRISTAN VAUGHAN	TREASURER	N/A	Officer Director	$0	$0	$0
GUILIA SINDLER	VICE PRES	N/A	Officer Director	$0	$0	$0
JAMES DATTALO	1ST VP	N/A	Officer Director	$0	$0	$0
MARGARET COMER	DIRECTOR	N/A	Director	$0	$0	$0
LORI ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
MATT DOHERTY	DIRECTOR	N/A	Director	$0	$0	$0
ADAM ALUKA	DIRECTOR	N/A	Director	$0	$0	$0
PATRICK SHAUGHNESSY	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS RYAN	DIRECTOR	N/A	Director	$0	$0	$0
LIZ WONTOR-LEACH	DIRECTOR	N/A	Director	$0	$0	$0
TIM EGAN	DIRECTOR	N/A	Director	$0	$0	$0
CHAD NOVAK	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY GEISHEKER	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN HICKS	DIRECTOR	N/A	Director	$0	$0	$0
JULIE LAMPERT	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$658,009	$613,015	$409,436	$44,994
2022	$613,934	$496,745	$354,369	$117,189
2021	$501,419	$541,432	$250,634	$-40,013
2020	$197,773	$284,408	$279,076	$-86,635
2019	$668,572	$690,894	$365,564	$-22,322

OLD TOWN MERCHANTS & RESIDENTS ASSOC