NORWOOD PARK CHAMBER OF COMMERCE TRAIN STATION FOUNDATION

EIN: 364314203 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$56,113
Total Expenses
$79,710
Total Assets
$649,369
Net Assets
$649,369
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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
1999
Legal Domicile
IL
Principal Officer
CAITLIN CRAWFORD
Phone
7737633606
Tax Period
2024-01-01 to 2024-12-31

NORWOOD PARK CHAMBER OF COMMERCE TRAIN STATION FOUNDATION, founded in 1999, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $56K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $80K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO RESTORE & MAINTAIN THE HISTORIC NORWOOD PARK TRAIN STATION DEPOT AS A FUNCTIONAL ASSET. THE DEPOT IS ONE OF CHICAGO'S OLDEST TRAIN STATION STRUCTURES. THIS LITTLE SLICE OF CHICAGO AND RAILROAD HISTORY HAS BEEN THOUGHTFULLY MOLDED INTO A MODERN EVENT VENUE WHILE MAINTAINING ITS HISTORICAL FEEL. BUILT IN 1907,THE STATION DEPOT UNDERWENT A MAJOR RENOVATION IN 1999. WITH 1,100 SQUARE FEET OF OPEN SPACE THE 40' X 24' FORMER WAITING ROOM HAS SOARING CEILINGS, ELEGANT HANGING CHANDELIERS, PERIOD ERA ARTWORK, AND AN HISTORIC FEEL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $56,053
Investment Income $60
Other Revenue $0
TOTAL REVENUE $56,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $79,710
Other Expenses $79,710
TOTAL EXPENSES $79,710

Year-over-Year Comparison

2024 2023 Change
Revenue $56,113 $43,717 +0.3%
Expenses $79,710 $44,083 +0.8%
Net Income $-23,597 $-366 +63.5%
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
4
Employees
N/A
Volunteers
5

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAITLIN CRAWFORD PRESIDENT 3.00
Officer Director
$0 $0 $0
JOE SANCHEZ VICE PRESIDE 3.00
Officer Director
$0 $0 $0
JAIME MORALES TREASURER 3.00
Officer Director
$0 $0 $0
JESSICA LINDBERG SECRETARY 3.00
Officer Director
$0 $0 $0
LARRY LINDBERG DIRECTOR 3.00
Director
$0 $0 $0
DON AUSTIN DIRECTOR 3.00
Director
$0 $0 $0
CURT KESSLER EXECUTIVE DI 5.00
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
2024 $56,113 $79,710 $649,369 $-23,597
2023 $43,717 $44,083 $672,966 $-366
2022 $2,694 $21,580 $673,332 $-18,886
2021 $-8,293 $21,652 $692,218 $-29,945
2020 $-13,299 $21,899 $722,163 $-35,198
2019 $-24,578 $35,884 $757,361 $-60,462
2018 $20,296 $39,897 $817,823 $-19,601
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