CHICAGO COMMITTEE ON MINORITIES IN… - 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

1987

Legal Domicile

Principal Officer

STEVE FLORES

Phone

3124479090

Tax Period

2024-01-01 to 2024-12-31

CHICAGO COMMITTEE ON MINORITIES IN LARGE LAW FIRMS, founded in 1987, is a small nonprofit in the Civil Rights & Advocacy sector that reported $290K in total revenue in fiscal year 2024.

Mission

THE CHICAGO COMMITTEE SEEKS RACIAL AND ETHNIC DIVERSITY IN THE LEGAL PROFESSION BY COLLABORATING WITH ITS LAW FIRM AND CORPORATE MEMBERSHIP TO: DRIVE SUSTAINABLE INSTITUTIONAL CHANGE AT LAW FIRMS AND CORPORATE LEGAL DEPARTMENTS; PROVIDE PROFESSIONAL DEVELOPMENT; AND CULTIVATE THE COMMUNITY OF LAWYERS THROUGH PROGRAMMING AND LEADERSHIP OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $34,698 Revenue: $733

PROGRAMS AND INITIATIVES TO SUPPORT AND EDUCATE MEMBER INSTITUTIONS, ATTORNEYS, AND LAW STUDENTS IN CHICAGO.

Program 2

Expenses: $88,038

TO PROVIDE SUPPORT TO ASPIRING ATTORNEYS THROUGH PIPELINE INITIATIVES.

Program 3

Expenses: $129,139

OTHER PROGRAMS OF THE CHICAGO COMMITTEE INCLUDING SOCIAL EVENTS, PROFESSIONAL DEVELOPMENT AND CULTIVATING THE COMMUNITY OF LAWYERS THROUGH PROGRAMMING AND LEADERSHIP OPPORTUNITIES

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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 $289,000

Program Service Revenue $0

Investment Income $733

Other Revenue $0

TOTAL REVENUE $289,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,377

Fundraising Expenses $0

Program Expenses $251,875

Other Expenses $71,157

TOTAL EXPENSES $307,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,733	$297,960	0.0%
Expenses	$307,534	$316,874	0.0%
Net Income	$-17,801	$-18,914	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIDDESH BALE	DIRECTOR	2.00	Director	$0	$0	$0
STEVE FLORES	CHAIR	2.00	Officer Director	$0	$0	$0
STEVEN HUNTER	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA KAIN	DIRECTOR	2.00	Director	$0	$0	$0
JOSE LOPEZ	DIRECTOR	2.00	Director	$0	$0	$0
OLIVIA LUK BEDI	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
GRAY MATEO-HARRIS	SECRETARY	2.00	Officer Director	$0	$0	$0
AMOL PARIKH	DIRECTOR	2.00	Director	$0	$0	$0
BINAL PATEL	TREASURER	2.00	Officer Director	$0	$0	$0
LARUE ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
LEI SHEN	DIRECTOR	2.00	Director	$0	$0	$0
ANGELA SMEDLEY	DIRECTOR	2.00	Director	$0	$0	$0
RACHAEL TRUMMEL	DIRECTOR	2.00	Director	$0	$0	$0
MALAIKA TYSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BILAL ZAHEER	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY SHARP	DIRECTOR	2.00	Director	$0	$0	$0
ANNA LLOYD	EXECUTIVE DIRECTOR	40.00	Highest	$155,000	$0	$155,000

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	$289,733	$307,534	$324,318	$-17,801
2023	$297,960	$316,874	$342,910	$-18,914
2022	$298,903	$296,839	$361,813	$2,064
2021	$266,817	$255,679	$485,979	$11,138
2021	$141,779	$127,039	$365,469	$14,740
2020	$249,028	$241,379	$450,606	$7,649

CHICAGO COMMITTEE ON MINORITIES IN LARGE LAW FIRMS