CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INDUSTRIAL COUNCIL OF NEARWEST CHICAGO, founded in 1984, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2024. Expenses of $10.2M exceeded revenue, resulting in a 16% operating deficit.
STRENGTHEN COMPANIES IN THE KINZIE INDUSTRIAL CORRIDOR AND FACILITATE ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING SERVICES AND INCUBATOR SPACE.
RENT SPACE TO TENANTS AND PROVIDE BUSINESS DEVELOPMENT SERVICES.
PROVIDE BUSINESS RETENTION SERVICES TO COMPANIES IN THE NEARWEST SIDE AND IN THE INCUBATOR TO STRENGTHEN BUSINESS AND RETAIN JOBS. PROVIDE TRAINING TO LOW-INCOME RESIDENTS OF CHICAGO (INCLUDING...
PROVIDE BUSINESS RETENTION SERVICES TO COMPANIES IN THE NEARWEST SIDE AND IN THE INCUBATOR TO STRENGTHEN BUSINESS AND RETAIN JOBS. PROVIDE TRAINING TO LOW-INCOME RESIDENTS OF CHICAGO (INCLUDING CULINARY TRAININGS AND COMPUTER TRAINING).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,822,239 | $8,612,313 | +0.0% |
| Expenses | $10,221,956 | $9,807,637 | +0.0% |
| Net Income | $-1,399,717 | $-1,195,324 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| UNAH CHOI | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CALVIN GIN | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KELLY DEADY | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIM GARCIA | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| EVERETT BELL | VICE TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID AVRAM | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JUAN AYALA | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDY BIZUB | MEMBER (THRU MAR 2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| HARVEY CAMINS | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARCIA HUNDT | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SIMONE MITCHELL-PETERSON | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIA MORAN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KIM STAPLETON | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH WEIN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDREW WIELGUS | MEMBER (THRU MAR 2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| SHOUSHANA YARBROUGH | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| EDWARD YOU | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVE DEBRETTO | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$197,153 | $6,332 | $203,485 |
| NATALIE SHMULIK | CHIEF STRATEGY AND INCUBATION | 40.00 |
Highest
|
$158,561 | $3,629 | $162,190 |
| ROBERT CLIMACK | CHIEF FACILITIES OFFICER | 40.00 |
Highest
|
$114,771 | $0 | $114,771 |
| PRISCILLA TORRENCE | CHIEF WORKFORCE DEVELOPMENT | 40.00 |
Highest
|
$110,323 | $2,657 | $112,980 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $8,822,239 | $10,221,956 | $30,205,467 | $-1,399,717 |
| 2023 | $8,612,313 | $9,807,637 | $32,080,463 | $-1,195,324 |
| 2022 | $8,831,961 | $8,780,452 | $34,041,028 | $51,509 |
| 2021 | $7,031,368 | $7,467,996 | $18,846,941 | $-436,628 |
| 2020 | $3,940,577 | $3,688,904 | $9,263,428 | $251,673 |
| 2019 | $2,766,729 | $1,416,318 | $7,726,453 | $1,350,411 |
| 2018 | $3,427,649 | $1,028,118 | $6,564,004 | $2,399,531 |
Compare INDUSTRIAL COUNCIL OF NEARWEST CHICAGO with other nonprofits in Illinois and across the country.