COOL MINISTRIES

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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

Principal Officer

DON HANIGAN

Phone

8476621340

Tax Period

2023-10-01 to 2024-09-30

COOL MINISTRIES, founded in 1983, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023.

Mission

TO GIVE COMPREHENSIVE ASSISTANCE TO FAMILIES IN NEED BY REDUCING HUNGER AND HOMELESSNESS WHILE ENCOURAGING PERSONAL GROWTH AND SELF-SUFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $1,355,532 Revenue: $8,728

THE FOOD PANTRY PROGRAM PROVIDES NUTRITIONAL FOOD TO IMPOVERISHED AND HOMELESS PEOPLE IN LAKE COUNTY, ILLINOIS SERVING THOUSANDS OF GUESTS EACH YEAR.

Program 2

Expenses: $103,241 Revenue: $13,520

COOL FAMILY/TRANSITIONAL HOUSING PROGRAM HAS BEEN IN OPERATION SINCE 1988. THIS PROGRAM PROVIDES SERVICES AND PROGRAMS INCLUDING LIFE SKILLS TRAINING ALONG WITH RENT AND UTILITIES PAID HOMES FOR...

COOL FAMILY/TRANSITIONAL HOUSING PROGRAM HAS BEEN IN OPERATION SINCE 1988. THIS PROGRAM PROVIDES SERVICES AND PROGRAMS INCLUDING LIFE SKILLS TRAINING ALONG WITH RENT AND UTILITIES PAID HOMES FOR HOMELESS FAMILIES.

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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 $1,632,291

Program Service Revenue $13,520

Investment Income $8,078

Other Revenue $21,158

TOTAL REVENUE $1,675,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,334

Fundraising Expenses $3,294

Program Expenses $1,458,773

Other Expenses $1,367,543

TOTAL EXPENSES $1,665,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,675,047	$1,737,297	0.0%
Expenses	$1,665,877	$1,739,813	0.0%
Net Income	$9,170	$-2,516	-4.6%

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

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

$72,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON HANIGAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK WANDA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANE LUOSA	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROL BRANDON	TREASURER	2.00	Officer Director	$0	$0	$0
KEN ENDRESS	DIRECTOR	2.00	Director	$0	$0	$0
JILL MCKEON	DIRECTOR	2.00	Director	$0	$0	$0
VERONICA MAROTTA	DIRECTOR	2.00	Director	$0	$0	$0
DAVE NORKUS	DIRECTOR	2.00	Director	$0	$0	$0
RICK PEARCE	DIRECTOR	2.00	Director	$0	$0	$0
TERRI PEDERSEN	DIRECTOR	2.00	Director	$0	$0	$0
BILL WERLY	DIRECTOR	2.00	Director	$0	$0	$0
REVEREND WAYNE JAHN	PASTORAL ADVISOR	2.00	Director	$0	$0	$0
MICHAEL RANIERI	FINANCIAL CONSULTANT	2.00	Director	$0	$0	$0
MINDY LINDHOLM	EXECUTIVE DIRECTOR	40.00	Officer	$72,827	$0	$72,827

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	$1,675,047	$1,665,877	$1,321,435	$9,170
2023	$1,737,297	$1,739,813	$1,235,709	$-2,516
2022	$1,553,973	$1,518,102	$1,220,222	$35,871
2021	$659,687	$469,488	$1,299,423	$190,199
2020	$588,135	$451,044	$1,079,109	$137,091