MCKINLEY III INC

EIN: 364165018 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$154,282
Total Expenses
$173,886
Total Assets
$829,630
Net Assets
$-273,985
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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
IL
Principal Officer
JAMAL MALONE
Phone
3125540600
Tax Period
2022-07-01 to 2023-06-30

MCKINLEY III INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $154K in total revenue in fiscal year 2022. Expenses of $174K exceeded revenue, resulting in a 13% operating deficit.

Mission

EMPOWER, EDUCATE, AND EMPLOY PEOPLE TO CHANGE LIVES AND STRENGTHEN COMMUNITIES.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $122,325
Program Service Revenue $29,505
Investment Income $2,452
Other Revenue $0
TOTAL REVENUE $154,282

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $143,557
Other Expenses $173,886
TOTAL EXPENSES $173,886

Year-over-Year Comparison

2022 2021 Change
Revenue $154,282 $157,014 0.0%
Expenses $173,886 $185,146 -0.1%
Net Income $-19,604 $-28,132 -0.3%
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

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Governance

Voting Members
4
Independent Members
1
Employees
N/A
Volunteers
1

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
4
$949,282
Total Directors
4
$781,552
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMAL MALONE PRESIDENT 0.50
Officer Director
$0 $31,395 $489,499
ERIC EDQUIST SECRETARY 0.50
Officer Director
$0 $11,034 $173,639
EZEKIEL MORRIS TREASURER 0.50
Officer Director
$0 $0 $0
OLADIMEJI OLOKUN BOARD MEMBER 0.50
Director
$0 $24,945 $118,414
NAKITA BURRELL CFAO, ADA S. MCKINLEY 0.50
Officer
$0 $17,568 $286,144
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 No data No data No data No data
2024 No data No data No data No data
2023 $154,282 $173,886 $829,630 $-19,604
2022 $157,014 $185,146 $867,095 $-28,132
2021 $159,372 $199,810 $873,451 $-40,438
2020 $151,853 $161,686 $848,449 $-9,833
2019 $150,692 $121,588 $813,639 $29,104
2018 $148,229 $164,723 $967,582 $-16,494
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