TMA OF LAKE COOK CORRIDOR (EIN 363608199) - 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

1997

Legal Domicile

Phone

2249484023

Tax Period

2023-01-01 to 2023-12-31

TMA OF LAKE COOK CORRIDOR, founded in 1997, is a small nonprofit that reported $241K in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $299K exceeded revenue, resulting in a 24% operating deficit.

Mission

The TMA works proactively with elected officials, communities, and transportation agencies to provide a voice for the business community for better transportation planning, highway improvements, and transit service. The TMA also manages a successful shuttle program, providing last-mile transportation to employees and businesses in our service area.

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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 $13,237

Program Service Revenue $228,013

Investment Income $20

Other Revenue $0

TOTAL REVENUE $241,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,752

Fundraising Expenses $941

Program Expenses $245,169

Other Expenses $190,279

TOTAL EXPENSES $299,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,270	$125,579	+0.9%
Expenses	$299,031	$236,605	+0.3%
Net Income	$-57,761	$-111,026	-0.5%

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

$93,600

Total Directors

$93,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD GOODMAN	Executive Dir.	40.00	Officer Director	$93,600	$0	$93,600
DANIEL HUGHES	President & CEO	0.00	Officer Director	$0	$0	$0
KAREN PTASNIK	Director	0.00	Director	$0	$0	$0
GORDON LAMPHERE	Treasurer	0.00	Officer Director	$0	$0	$0
DAVID KOEHN	Vice President	0.00	Officer Director	$0	$0	$0
CHARLES GERHARDT	Director	0.00	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
2024	No data	No data	No data	No data
2023	$241,270	$299,031	$122,486	$-57,761
2022	$125,579	$236,605	$180,247	$-111,026
2021	$63,477	$209,457	$532,032	$-145,980
2020	$290,614	$238,488	$606,734	$52,126
2019	$924,912	$884,985	$445,678	$39,927
2018	$1,009,802	$1,007,395	$487,156	$2,407

TMA OF LAKE COOK CORRIDOR