FRIENDS OF HISTORIC SECOND CHURCH (EIN 412199784) - Form 990 Financial Analysis & Trantor Score

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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

Legal Domicile

Principal Officer

LINDA MILLER

Phone

8006570687

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF HISTORIC SECOND CHURCH, founded in 2006, is a small nonprofit in the Religion sector that reported $221K in total revenue in fiscal year 2018. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

Friends of Historic Second Church was incorporated in 2006. The Organizations mission is to preserve and restore the art and architecture of Chicagos landmark Second Presbyterian Church, educate the worldwide audience about its historical and cultural significance, and share those resources with the community.

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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 $416,731

Program Service Revenue $11,567

Investment Income $34,416

Other Revenue $0

TOTAL REVENUE $462,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,159

Program Expenses $532,762

Other Expenses $563,028

TOTAL EXPENSES $563,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,714	$495,476	-0.1%
Expenses	$563,028	$436,577	+0.3%
Net Income	$-100,314	$58,899	-2.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA MILLER	President	5.00	Officer Director	$0	$0	$0
ANN E BELLETIRE	Asst. Treasurer	2.00	Officer Director	$0	$0	$0
NATE LIELASUS	Vice President	2.00	Officer Director	$0	$0	$0
KAREN LAMB	Secretary	2.00	Officer Director	$0	$0	$0
WILLIAM TYRE	Treasurer	2.00	Officer Director	$0	$0	$0
MARY BUCARO	Director	1.00	Director	$0	$0	$0
DR CLIFFORD CRAWFORD	Director	1.00	Director	$0	$0	$0
HEATHER Haberaecker	Director	1.00	Director	$0	$0	$0
SUSAN BALDWIN BURIAN	Director	1.00	Director	$0	$0	$0
Darlene Pollard	Director	1.00	Director	$0	$0	$0
SHARON SYLVESTER	Director	1.00	Director	$0	$0	$0
JANE TIFFEN	Director	1.00	Director	$0	$0	$0
Rowena Rennie Balogun	Director	1.00	Director	$0	$0	$0
James E Peters	Director	1.00	Director	$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	$462,714	$563,028	$1,039,614	$-100,314
2023	$495,476	$436,577	$1,142,281	$58,899
2022	$903,383	$936,124	$1,115,244	$-32,741
2021	$584,371	$234,563	$1,116,736	$349,808
2020	$439,053	$50,709	$762,092	$388,344
2018	$221,125	$220,563	$315,270	$562

FRIENDS OF HISTORIC SECOND CHURCH