GREATER FREEPORT PARTNERSHIP (EIN 363280411) - 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

1984

Legal Domicile

Principal Officer

JOSH ELLIOTT

Phone

8152331350

Tax Period

2024-01-01 to 2024-12-31

GREATER FREEPORT PARTNERSHIP, founded in 1984, is a small nonprofit in the Community Improvement sector that reported $979K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $913K left a modest 7% surplus.

Mission

TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT AND ENHANCEMENT IN NORTHWEST ILLINOIS.

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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 $956,871

Program Service Revenue $66,148

Investment Income $19,501

Other Revenue $-63,368

TOTAL REVENUE $979,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,845

Fundraising Expenses $48,673

Program Expenses $730,621

Other Expenses $371,487

TOTAL EXPENSES $913,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$979,152	$1,055,011	-0.1%
Expenses	$913,332	$960,260	0.0%
Net Income	$65,820	$94,751	-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

288

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

$118,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GRIDLEY	CHAIR EMERIT	3.00	Director	$0	$0	$0
CHRIS SCHNEIDERMAN	TREASURER/VI	5.00	Officer Director	$0	$0	$0
JOSH ELLIOTT	CHAIR	5.00	Officer Director	$0	$0	$0
DELBERT BUNKER	DIRECTOR	3.00	Director	$0	$0	$0
ROB BOYER	DIRECTOR	3.00	Director	$0	$0	$0
DEREK THOMPSON	DIRECTOR	3.00	Director	$0	$0	$0
LARRY FEINER	DIRECTOR	3.00	Director	$0	$0	$0
MIKE MARTEN	DIRECTOR	3.00	Director	$0	$0	$0
CAROLYN MITCHELL	DIRECTOR	3.00	Director	$0	$0	$0
AMY BAKER	SECRETARY	5.00	Officer Director	$0	$0	$0
ANNA ALVARADO	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT BUSH	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS KUBERSKI	DIRECTOR	3.00	Director	$0	$0	$0
GEORGIA NEWCOMER	DIRECTOR	3.00	Director	$0	$0	$0
ANDREA SCHULTZ WINTER	EXECUTIVE DI	40.00	Officer	$109,106	$9,323	$118,429

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	$979,152	$913,332	$901,070	$65,820
2023	$1,055,011	$960,260	$934,991	$94,751
2022	$901,924	$1,002,061	$935,815	$-100,137
2021	$873,402	$953,878	$551,807	$-80,476
2020	$971,815	$840,921	$623,370	$130,894
2019	$844,596	$817,917	$473,622	$26,679

GREATER FREEPORT PARTNERSHIP