CLARENCE G TORTORELL CHARITABLE TRUST

EIN: 366972352 501(c)(3)

PO BOX CHICAGO, IL

Total Revenue
$471,361
Total Expenses
$293,068
Total Assets
$4,680,969
Net Assets
$4,680,969
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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
1990
Legal Domicile
IL
Principal Officer
NA
Phone
3126306000
Tax Period
2023-01-01 to 2023-12-31

CLARENCE G TORTORELL CHARITABLE TRUST, founded in 1990, is a small nonprofit that reported $471K in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 38% operating margin.

Mission

TO SUPPORT AMVETS CHARITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $471,361
Other Revenue $0
TOTAL REVENUE $471,361

Expense Breakdown

Grants Paid $189,377
Salaries & Benefits $100,114
Fundraising Expenses $0
Program Expenses $189,377
Other Expenses $3,577
TOTAL EXPENSES $293,068

Year-over-Year Comparison

2023 2022 Change
Revenue $471,361 $265,241 +0.8%
Expenses $293,068 $461,614 -0.4%
Net Income $178,293 $-196,373 -1.9%
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
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORTHERN TRUST COMPANY TRUSTEE 40.0
$100,114 $0 $100,114
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 No data No data No data No data
2024 No data No data No data No data
2023 $471,361 $293,068 $4,680,969 $178,293
2022 $265,241 $461,614 $4,504,269 $-196,373
2021 $334,280 $184,446 $4,701,470 $149,834
2020 $158,672 $270,855 $4,553,215 $-112,183
2019 $301,329 $458,646 $4,668,012 $-157,317
2018 $225,707 $202,813 $4,835,330 $22,894
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