THE PRESTON BRADLEY CENTER

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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

1987

Legal Domicile

Principal Officer

GRACE ITTER

Phone

7737846633

Tax Period

2023-01-01 to 2023-12-31

THE PRESTON BRADLEY CENTER, founded in 1987, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring.

Mission

MAINTENANCE AND ONGOING RESTORATION OF THE PRESTON BRADLEY CENTER IN CHICAGO, ILLINOIS.

Program Service Accomplishments

Program 1

Expenses: $2,679 Revenue: $0

MAINTENANCE AND RESTORATION OF THE PRESTON BRADLEY CENTER IN CHICAGO, ILLINOIS; THE MISSION OF THE PRESTON BRADLEY CENTER IS TO ENSURE THE WELL-BEING OF THIS HISTORIC BUILDING, TO PROVIDE REFUGE AND SERVICE TO THE POOR, AND TO BE A RESOURCE TO THE COMMUNITY IN UPTOWN. MANY CULTURAL AND SERVICE GROUPS SHARE THIS BUILDING, HISTORIC HOME OF THE PEOPLES CHURCH OF CHICAGO. THE SPACE IS USED BY OTHER CHURCHES FOR WORSHIP, BY MUSICAL GROUPS FOR REHEARSALS AND PERFORMANCES, BY A HOMELESS SERVICES PROVIDER FOR ITS TRANSITIONAL HOUSING PROGRAM FOR MEN, AND FOR CIVIC MEETINGS, CANDIDATE FORUMS, COMMUNITY MEMORIAL SERVICES AND SO ON.

Program 2

Expenses: $0 Revenue: $0

AFFORDABLE ART STUDIO AND GALLERY SPACE FOR UPTOWN ARTISTS: THE UPTOWN ARTS CENTER IS ORGANIZED TO PROVIDE A LOCAL VENUE FOR AREA ARTISTS OF THE MIDDLE RANK TO SHARE AFFORDABLE STUDIO SPACE IN OUR...

AFFORDABLE ART STUDIO AND GALLERY SPACE FOR UPTOWN ARTISTS: THE UPTOWN ARTS CENTER IS ORGANIZED TO PROVIDE A LOCAL VENUE FOR AREA ARTISTS OF THE MIDDLE RANK TO SHARE AFFORDABLE STUDIO SPACE IN OUR NEIGHBORHOOD; TO PROVIDE SPACE FOR DRAWING AND PAINTING CLASSES OPEN TO THE PUBLIC; AND TO PROVIDE SPACE FOR ARTISTS TO INTERACT WITH THE HOMELESS POPULATION AND WITH AREA CHILDREN IN ENRICHMENT 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 $0

Program Service Revenue $2,600

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,679

Other Expenses $2,679

TOTAL EXPENSES $2,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,600	$30,759	-0.9%
Expenses	$2,679	$57,672	-1.0%
Net Income	$-79	$-26,913	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY LAURA JONES	DIRECTOR	1.00	Director	$0	$0	$0
RUDRA DUNDZILA	SECRETARY	1.00	Officer Director	$0	$0	$0
VIRGINIA TOLK	TREASURER	1.00	Officer Director	$0	$0	$0
GRACE ITTER	PRESIDENT	4.00	Officer Director	$0	$0	$0
MYKEL LAMMERT	DIRECTOR	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	$2,600	$2,679	No data	$-79
2022	$30,759	$57,672	$438,961	$-26,913
2021	$203,769	$252,001	$465,439	$-48,232
2020	$245,055	$275,553	$492,584	$-30,498