Local Economic and Employment Development Council Inc

EIN: 364441222 501(c)(3) Employment

Chicago, IL

Total Revenue
$548,276
Total Expenses
$568,274
Total Assets
$723,256
Net Assets
$85,189
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
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.

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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 $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

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Governance

Voting Members
15
Independent Members
15
Employees
5
Volunteers
16

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
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
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