INSTITUTE FOR COMMUNITY EMPOWERMENT (EIN 363788073) - 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

1991

Legal Domicile

Principal Officer

PATRICIA VADER

Phone

7735457288

Tax Period

2024-07-01 to 2025-06-30

INSTITUTE FOR COMMUNITY EMPOWERMENT, founded in 1991, is a small nonprofit in the Public & Societal Benefit sector that reported $320K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $514K exceeded revenue, resulting in a 60% operating deficit.

Mission

THE INSTITUTE IS A COMMUNITY ORGANIZING AND LEADERSHIP TRAINING INSTITUTE THAT EMPOWERS CHICAGO RESIDENTS TO TAKE THE INITIATIVE AND DEVELOP THE TRUST AND TEAMWORK TO MEET THEIR COMMUNITIES' MOST PRESSING CHALLENGES.

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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 $76,482

Program Service Revenue $20,000

Investment Income $0

Other Revenue $223,838

TOTAL REVENUE $320,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,830

Fundraising Expenses $387

Program Expenses $483,168

Other Expenses $230,054

TOTAL EXPENSES $513,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,320	$276,296	+0.2%
Expenses	$513,884	$342,690	+0.5%
Net Income	$-193,564	$-66,394	+1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA VADER	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ROBERT T GANNETT	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
VERNON VADER	DIRECTOR	2.00	Director	$0	$0	$0
JOYCE ZICK	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELYN INGRAM	DIRECTOR	2.00	Director	$0	$0	$0
MARK HIGGINSON	TREASURER	2.00	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
2025	$320,320	$513,884	$50,455	$-193,564
2024	No data	No data	No data	No data
2023	$283,626	$271,458	$319,328	$12,168
2022	$417,899	$236,465	$307,474	$181,434
2021	$244,138	$213,049	$134,783	$31,089

INSTITUTE FOR COMMUNITY EMPOWERMENT