CHESTNUT RESOLUTIONS INC NFP

EIN: 421692441 501(c)(3) Crime & Legal

BLOOMINGTON, IL

Total Revenue
$93,568
Total Expenses
$129,435
Total Assets
$595,163
Net Assets
$-733,853
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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
2006
Legal Domicile
IL
Principal Officer
DAVID A SHARAR
Phone
3098276026
Tax Period
2024-07-01 to 2025-06-30

CHESTNUT RESOLUTIONS INC NFP, founded in 2006, is a micro nonprofit in the Crime & Legal sector that reported $94K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $129K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE SEVEN LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITIES AND THEIR FAMILIES

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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 $61,027
Program Service Revenue $32,083
Investment Income $458
Other Revenue $0
TOTAL REVENUE $93,568

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,076
Other Expenses $129,435
TOTAL EXPENSES $129,435

Year-over-Year Comparison

2024 2023 Change
Revenue $93,568 $74,807 +0.3%
Expenses $129,435 $106,386 +0.2%
Net Income $-35,867 $-31,579 +0.1%
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
4
Independent Members
2
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
3
$1,239,524
Total Directors
4
$1,239,524
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SHARAR BOARD CHAIR 1.00
Officer Director
$0 $55,544 $757,361
PUNEET LEEKHA TREASURER 1.00
Officer Director
$0 $103,315 $482,163
ORVILLE MERCER SECRETARY 1.00
Officer Director
$0 $0 $0
MARY ANN WEBB MEMBER 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
2025 $93,568 $129,435 $595,163 $-35,867
2024 $74,807 $106,386 $623,447 $-31,579
2023 $95,741 $128,942 $644,420 $-33,201
2022 $101,012 $134,932 $654,627 $-33,920
2021 $98,392 $130,896 $673,896 $-32,504
2020 $94,832 $127,508 $738,715 $-32,676
2019 $89,151 $145,377 $783,047 $-56,226
2018 $90,414 $139,114 $830,307 $-48,700
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