NACMCHICAGO-MIDWEST

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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

1942

Legal Domicile

Principal Officer

PHILLIP LATTANZIO

Phone

8474836405

Tax Period

2024-04-01 to 2025-03-31

NACMCHICAGO-MIDWEST, founded in 1942, is a small nonprofit that reported $355K in total revenue in fiscal year 2024. The organization ran a surplus of $93K, a strong 26% operating margin.

Mission

TO PROVIDE A FORUM TO MEMBERS WITHIN THE CREDIT PROFESSION FOR EDUCATION, NETWORKING AND BUSINESS RESOURCES.

Program Service Accomplishments

Program 1

EDUCATION OF MEMBERS AND THE GENERAL PUBLIC REGARDING CREDIT MANAGEMENT, FRAUD PREVENTION, AND COMMERCIAL CREDIT MATTERS BY CONDUCTING CONFERENCES, SEMINARS AND TRAINING, INCLUDING THE SALE OF BOOKS...

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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 $204,411

Program Service Revenue $150,327

Investment Income $0

Other Revenue $0

TOTAL REVENUE $354,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,855

Fundraising Expenses $0

Other Expenses $202,687

TOTAL EXPENSES $261,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,738	$344,776	+0.0%
Expenses	$261,542	$217,588	+0.2%
Net Income	$93,196	$127,188	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

$373,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDON MISIK	COUNCILOR	0.50	Director	$0	$0	$0
BRENT HEIZELMAN	CHAIR	0.50	Officer Director	$0	$0	$0
JEFF WEBER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CURTIS LITCHFIELD	DIRECTOR	0.50	Director	$0	$0	$0
ALICJA GORSKI	DIRECTOR	0.50	Director	$0	$0	$0
DEB ROLLMAN	TREASURER	0.50	Officer Director	$0	$0	$0
JOSEPH LANGE	DIRECTOR	0.50	Director	$0	$0	$0
SHELBY COCKCROFT	DIRECTOR	0.50	Director	$0	$0	$0
MARTINE DYER	DIRECTOR	0.50	Director	$0	$0	$0
KENDRA GERDES	DIRECTOR	0.50	Director	$0	$0	$0
JORDAN PELOQUIN	DIRECTOR	0.50	Director	$0	$0	$0
CAROLINE PERKINS	DIRECTOR	0.50	Director	$0	$0	$0
AMY COOK	DIRECTOR	0.50	Director	$0	$0	$0
JACK MAURO	DIRECTOR	0.50	Director	$0	$0	$0
ZEB MILLER	DIRECTOR	0.50	Director	$0	$0	$0
PHILLIP LATTANZIO	PRESIDENT	5.00	Officer	$0	$24,402	$227,767
KERRY JENSEN	SECRETARY/CFO	5.00	Officer	$0	$4,468	$145,659
LILLIAN NOVAK	CHIEF COMMUNICATIONS OFFICER	5.00	Highest	$0	$2,159	$128,667
GREGORY STEINKOENIG	MANAGER OF CREDIT SOLUTIONS	5.00	Highest	$0	$23,212	$167,563
GLORIA SCOTT	CREDIT AND RISK SOLUTION CONSULTANT	5.00	Highest	$0	$441	$127,746

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	$354,738	$261,542	$3,445,999	$93,196
2024	$344,776	$217,588	$3,371,761	$127,188
2023	$351,685	$242,135	$3,251,264	$109,550
2022	$326,591	$182,609	$3,142,999	$143,982
2021	$339,308	$179,788	$3,014,682	$159,520
2020	$421,111	$242,559	$2,849,325	$178,552
2019	$465,683	$246,848	$2,683,855	$218,835
2018	$461,503	$250,524	$2,605,744	$210,979