Arts & Business Council of Chicago (EIN 363376861) - 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

1985

Legal Domicile

Principal Officer

Simi Gambhir

Phone

3123721876

Tax Period

2023-01-01 to 2023-12-31

Arts & Business Council of Chicago, founded in 1985, is a small nonprofit that reported $320K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $405K exceeded revenue, resulting in a 26% operating deficit.

Mission

Arts & Business Council of Chicagos mission is to develop leadership and accelerate excellence in the business of arts and art of business in Chicago.

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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 $274,731

Program Service Revenue $33,999

Investment Income $11

Other Revenue $11,750

TOTAL REVENUE $320,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,400

Fundraising Expenses $55,568

Program Expenses $236,831

Other Expenses $79,334

TOTAL EXPENSES $404,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$320,491	$205,789	+0.6%
Expenses	$404,734	$235,066	+0.7%
Net Income	$-84,243	$-29,277	+1.9%

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

$103,481

Total Directors

$103,481

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristin Larsen	Executive Dir.	40.00	Officer Director	$103,481	$0	$103,481
Simi Gambhir	Chair	2.00	Officer Director	$0	$0	$0
Jake Trussell	Vice Chair	2.00	Officer Director	$0	$0	$0
Melissa Elbert	Treasurer	2.00	Officer Director	$0	$0	$0
Kimberly Grigsby	Secretary	2.00	Officer Director	$0	$0	$0
Derek Lowrey	Director	1.00	Director	$0	$0	$0
Liz Rice	Director	1.00	Director	$0	$0	$0
Roche Schulfer	Director	1.00	Director	$0	$0	$0
Meida Teresa McNeal	Director	1.00	Director	$0	$0	$0
Vanessa Stokes	Director	1.00	Director	$0	$0	$0
Robyn Wheeler	Chair Emeritus	1.00	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
2023	$320,491	$404,734	No data	$-84,243
2022	$205,789	$235,066	$194,619	$-29,277
2021	$363,077	$251,567	$229,879	$111,510
2020	$318,106	$330,621	$223,601	$-12,515
2019	$238,159	$468,543	$94,343	$-230,384

Arts & Business Council of Chicago