Area Jobs Development Association

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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

1982

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Area Jobs Development Association, founded in 1982, is a small nonprofit in the Employment sector that reported $117K in total revenue in fiscal year 2024. The organization ran a surplus of $44K, a strong 37% operating margin.

Mission

Improve employment and commercial activity utilizing industrial real estate.

Program Service Accomplishments

Program 1

Expenses: $72,503

To encourage, promote, aid and assist industrial and commercial economic welfare and growth in Kankakee County, IL., including promoting employment opportunities and stability of employment within...

To encourage, promote, aid and assist industrial and commercial economic welfare and growth in Kankakee County, IL., including promoting employment opportunities and stability of employment within the county.

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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 $0

Program Service Revenue $116,854

Investment Income $0

Other Revenue $0

TOTAL REVENUE $116,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,503

Other Expenses $73,253

TOTAL EXPENSES $73,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,854	$110,992	+0.1%
Expenses	$73,253	$99,302	-0.3%
Net Income	$43,601	$11,690	+2.7%

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

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
Chris Curtis	President	1.00	Officer Director	$0	$0	$0
Mike Watson	Director	1.00	Director	$0	$0	$0
Michael Boyd	Director	1.00	Director	$0	$0	$0
George Ryan Jr	Director	1.00	Director	$0	$0	$0
Paul Schore	Secretary	1.00	Officer Director	$0	$0	$0
Brian Stump	Treasurer	1.00	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
2024	$116,854	$73,253	$664,838	$43,601
2023	$110,992	$99,302	$698,321	$11,690
2022	$110,992	$108,094	$758,554	$2,898
2021	$110,992	$122,849	$823,343	$-11,857
2020	$110,992	$126,742	$899,039	$-15,750
2019	$110,992	$134,944	$974,739	$-23,952
2018	$120,131	$149,142	$1,055,240	$-29,011