CORE ASSOCIATION INC

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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

1989

Legal Domicile

Principal Officer

MATTHEW VITALIANO

Phone

7083896578

Tax Period

2024-07-01 to 2025-06-30

CORE ASSOCIATION INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $450K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $68K, a strong 15% operating margin.

Mission

FORMED TO PROVIDE CONTINUING SOURCES OF FINANCIAL SUPPORT WHICH WILL BENEFIT BLUE ISLAND CITIZENS FOR PERSONS WITH INTELLECTUAL DISABILITIES, INC., A NOT-FOR-PROFIT CORPORATION WHICH ASSISTS PERSONS WITH INTELLECTUAL DISABILITIES/DELAYS AND THEIR FAMILIES IN REACHING THEIR HIGHEST POTENTIAL BY PROVIDING SERVICES FOR THEM IN THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $171,191 Revenue: $194,940

PROVIDE OCCUPATIONAL THERAPIST FOR PERSONS WITH DEVELOPMENTAL DISABILITIES

Program 2

Expenses: $153,562 Revenue: $148,400

GROUP HOMES RENTED TO SUPPORTED ORGANIZATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $395,870

Investment Income $45,470

Other Revenue $9,107

TOTAL REVENUE $450,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,709

Fundraising Expenses $0

Program Expenses $324,753

Other Expenses $346,659

TOTAL EXPENSES $382,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,447	$549,273	-0.2%
Expenses	$382,368	$477,802	-0.2%
Net Income	$68,079	$71,471	0.0%

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

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

$32,288

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN KROKOS	CHAIRMAN	4.00	Officer Director	$0	$0	$0
GREG LOCHOW	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
EB BRONSON	SECRETARY	4.00	Officer Director	$0	$0	$0
MARK MILLER	TREASURER	4.00	Officer Director	$0	$0	$0
ARTHUR MIKE CONNOR	DIRECTOR	4.00	Director	$0	$0	$0
MATTHEW VITALIANO	EXECUTIVE DIRECTOR	2.00	Officer	$32,288	$0	$32,288

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
2025	$450,447	$382,368	$1,870,773	$68,079
2024	$549,273	$477,802	$1,799,834	$71,471
2023	$531,330	$466,775	$1,690,066	$64,555
2022	$490,593	$407,219	$1,631,604	$83,374
2021	$376,205	$398,243	$1,644,941	$-22,038
2020	$436,166	$472,537	$1,635,506	$-36,371
2019	$1,156,218	$611,723	$1,714,243	$544,495