Local Economic and Employment Deve… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

Jonathan Snyder

Phone

7739295552

Tax Period

2024-01-01 to 2024-12-31

Local Economic and Employment Development Council Inc, founded in 2001, is a small nonprofit in the Employment sector that reported $548K in total revenue in fiscal year 2024.

Mission

North Branch Works is a membership-supported nonprofit neighborhood organization that for more than three decades has promoted balanced, job-creating economic development along the North Branch of the Chicago River.

Program Service Accomplishments

Program 1

Expenses: $493,262 Revenue: $42,634

North Branch Works defines its business constituency as the whole spectrum of enterprisesmanufacturers, other commercial firms, service providers, and artisanal producersto be found within its...

North Branch Works defines its business constituency as the whole spectrum of enterprisesmanufacturers, other commercial firms, service providers, and artisanal producersto be found within its service area.

Program 2

North Branch Works seeks local economic development that provides well-compensated employment for residents of Corridor-adjoining neighborhoods such as West Town and Logan Square.

Program 3

North Branch Works proactively seeks out business constituents, collaborates with social service and training organizations aiming to upgrade the local workforce, consults with local residents...

North Branch Works proactively seeks out business constituents, collaborates with social service and training organizations aiming to upgrade the local workforce, consults with local residents organizations, and advocates for the North Branch, Kennedy, and Addison Industrial Corridors with both the executive and legislative branches of City government.

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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 $487,563

Program Service Revenue $42,472

Investment Income $18,079

Other Revenue $162

TOTAL REVENUE $548,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,040

Fundraising Expenses $24,443

Program Expenses $493,262

Other Expenses $217,234

TOTAL EXPENSES $568,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$548,276	$532,288	+0.0%
Expenses	$568,274	$474,666	+0.2%
Net Income	$-19,998	$57,622	-1.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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
Larry Bennett	Director	2.00	Officer Director	$0	$0	$0
Ken Kalafut	Director	1.00	Director	$0	$0	$0
Lisa Disbrow	Director	1.00	Director	$0	$0	$0
Steven Kersten	Director	1.00	Director	$0	$0	$0
Robert Doepel	Director	2.00	Director	$0	$0	$0
Reggie Grant	Director	1.00	Officer Director	$0	$0	$0
Tim Tuten	Director	2.00	Director	$0	$0	$0
Kelly Coyle	Director	1.00	Director	$0	$0	$0
Dr Sonat Birnecker Hart	Director	1.00	Director	$0	$0	$0
Chad Herst	Director	1.00	Director	$0	$0	$0
Josh Deth Revolution Brewing LLC	Director	1.00	Director	$0	$0	$0
WIlliam D Hurley	Director	1.00	Director	$0	$0	$0
Jason Lunderman	Director	1.00	Director	$0	$0	$0
N/A	Director	1.00		$0	$0	$0
Michael C Rechtin	Secretary	2.00	Officer	$0	$0	$0
Ryan Miller	Vice Chairperson	2.00	Officer	$0	$0	$0
Marina Rizova	Treasurer	1.00	Officer	$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	$548,276	$568,274	$723,256	$-19,998
2023	$532,288	$474,666	$625,690	$57,622
2022	$379,496	$420,836	$565,941	$-41,340
2021	$416,971	$343,728	$627,576	$73,243
2021	$411,930	$399,220	$567,042	$12,710
2020	$359,051	$317,757	$574,797	$41,294
2019	$313,404	$303,011	$503,454	$10,393
2018	$333,435	$294,071	$509,581	$39,364

Local Economic and Employment Development Council Inc