CHICAGO ASSOCIATION OF SPRING MANU… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

JOE WESNER

Phone

6303594273

Tax Period

2023-01-01 to 2023-12-31

CHICAGO ASSOCIATION OF SPRING MANUFACTURERS INC, founded in 1986, is a micro nonprofit that reported $82K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $219K exceeded revenue, resulting in a 167% operating deficit.

Mission

EDUCATE AND UPDATE MEMBERS OF MANUFACTURERS OF SPRINGS ABOUT CURRENT AND NEW PRODUCTS.

Program Service Accomplishments

Program 1

Expenses: $94,189

DIRECT COSTS OF SOCIAL EVENTS, THAT ALLOW MEMBERS TO INTERACT ON CURRENT INDUSTRY TRENDS

Program 2

Expenses: $29,500

SCHOLARSHIP PROGRAM

Program 3

Expenses: $94,966

MANAGEMENT OF THE ORGANIZATION AND ITS VARIOUS PROGRAMS

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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 $49,548

Program Service Revenue $31,740

Investment Income $1

Other Revenue $650

TOTAL REVENUE $81,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,655

Other Expenses $218,655

TOTAL EXPENSES $218,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,939	$626,945	-0.9%
Expenses	$218,655	$447,997	-0.5%
Net Income	$-136,716	$178,948	-1.8%

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
TONY PESARESI	IMMED. PAST PRESIDENT	3.00	Director	$0	$0	$0
JOE WESNER	PRESIDENT	3.00	Officer Director	$0	$0	$0
SANDY LIDMAN	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS KOZKA	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ANTHONY IULIANO	DIRECTOR	3.00	Director	$0	$0	$0
DANIEL SCHNEIDER	SECRETARY-TREASURER	3.00	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	No data	No data	No data	No data
2023	$81,939	$218,655	$676,886	$-136,716
2022	$626,945	$447,997	$683,077	$178,948
2021	$73,688	$198,801	$635,191	$-125,113
2020	$73,174	$204,836	$736,690	$-131,662
2019	$89,026	$220,034	$894,997	$-131,008
2018	$798,289	$468,185	$883,230	$330,104

CHICAGO ASSOCIATION OF SPRING MANUFACTURERS INC