CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
EXPANDED MENTAL HEALTH SERVICES PROGRAMSTHROUGHOUT THE YEAR, THE INSTITUTE ASSISTED THE COALITION TO SAVE OUR MENTAL HEALTH CENTERS BY LEADING A FUNDRAISING CAMPAIGN TO SUPPORT TO SUPPORT ITS MISSION...
EXPANDED MENTAL HEALTH SERVICES PROGRAMSTHROUGHOUT THE YEAR, THE INSTITUTE ASSISTED THE COALITION TO SAVE OUR MENTAL HEALTH CENTERS BY LEADING A FUNDRAISING CAMPAIGN TO SUPPORT TO SUPPORT ITS MISSION TO CREATE AFFORDABLE, HIGH-QUALITY MENTAL HEALTH SERVICES FOR ALL CHICAGO RESIDENTS. ITS INTERN TEAMS AND STAFF HELPED RESIDENTS CREATE A NEW EXPANDED MENTAL HEALTH SERVICES PROGRAM IN 2024 IN THE ENGLEWOOD-GREATER CHATHAM AREA, WHILE ITS DIRECTOR PROVIDED CONSULTATION EACH MONTH TO THE GOVERNING COMMISSION OF THE EXPANDED MENTAL HEALTH SERVICES PROGRAM IN BRONZEVILLE AT ITS REGULAR COMMISSION MEETINGS. AFFORDABLE HOMEOWNERSHIP DEVELOPMENTWORKING WITH THE LUGENIA BURNS HOPE CENTER, THE INSTITUTE CONTINUED TO EXPLORE OPTIONS FOR HOUSING BRONZEVILLE TO BUILD ITS FIRST PHASE OF NEW AFFORDABLE HOMES ON THIRTEEN CITY-OWNED VACANT LOTS IN THE BRONZEVILLE. CITIZENS NOW PROGRAMTHE INSTITUTE PROVIDED AFTERSCHOOL CLASSES AT WILLIAM PENN ELEMENTARY SCHOOL AND OSCAR DEPRIEST ELEMENTARY SCHOOL ON CHICAGO'S WEST SIDE THROUGH ITS 12-WEEK CITIZENS NOW PROGRAM FOR 5TH-8TH GRADERS. STUDENTS LEARNED THE SKILLS OF CITIZENSHIP IN A DEMOCRACY BY CONVERSING WITH EACH OTHER TWICE A WEEK ON ISSUES OF IMPORTANCE TO THEIR LIVES, THEIR CITY, AND THEIR COUNTRY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare INSTITUTE FOR COMMUNITY EMPOWERMENT with other nonprofits in Illinois and across the country.