CHICAGO HEIGHTS FITNESS LLC

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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

Principal Officer

FRANK MCHUGH

Phone

7087474000

Tax Period

2023-01-01 to 2023-12-31

CHICAGO HEIGHTS FITNESS LLC, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $505K in total revenue in fiscal year 2023. The organization ran a surplus of $173K, a strong 34% operating margin.

Mission

TO CONSTRUCT AND OPERATE A HEALTH FITNESS AND RECREATION COMPLEX TO BE USED BY THE ORGANIZATION'S MEMBERS IN FURTHERANCE OF THEIR TAX-EXEMPT PURPOSE AND THE COMMUNITY SERVED BY THE CHICAGO HEIGHTS PARK DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $314,566 Revenue: $493,936

THE FACILITY WILL BE OPERATED TO PROVIDE HEALTH AND FITNESS SERVICES AND FACILITIES TO FRANCISCAN HEALTH CHICAGO HEIGHTS HOSPITAL, PRAIRIE STATE COLLEGE, AND THE CHICAGO HEIGHTS PARK DISTRICT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $493,936

Investment Income $10,662

Other Revenue $0

TOTAL REVENUE $504,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $314,566

Other Expenses $331,466

TOTAL EXPENSES $331,466

Year-over-Year Comparison

	2023	2022	Change
Revenue	$504,598	$496,383	+0.0%
Expenses	$331,466	$320,097	+0.0%
Net Income	$173,132	$176,286	0.0%

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

N/A

Employees

N/A

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

$380,885

Total Directors

$886,139

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND GRADY	DIRECTOR	1.00	Director	$0	$628	$660,260
DR MICHAEL ANTHONY	DIRECTOR	1.00	Director	$0	$0	$225,879
FRANK MCHUGH	TREASURER/SECRETARY	1.00	Officer	$0	$18,189	$380,885

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	No data	No data	No data	No data
2023	$504,598	$331,466	$3,592,539	$173,132
2022	$496,383	$320,097	$3,615,296	$176,286
2021	$494,049	$416,587	$3,673,251	$77,462
2020	$496,004	$300,022	$3,755,323	$195,982
2019	$504,339	$285,757	$3,756,729	$218,582
2018	$500,697	$258,548	$3,736,914	$242,149