THE KALO FOUNDATION OF PARK RIDGE (EIN 450547664) - 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

Formation Year

2006

Legal Domicile

Principal Officer

MARIA HRYCELAK

Phone

8477921970

Tax Period

2024-07-01 to 2025-06-30

THE KALO FOUNDATION OF PARK RIDGE, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $113K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 11% operating deficit.

Mission

DEDICATED TO PRESERVING THE RICH ARTISTIC LEGACY IN THE CITY OF PARK RIDGE, ILLINOIS

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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 $63,750

Program Service Revenue $975

Investment Income $59,137

Other Revenue $-11,195

TOTAL REVENUE $112,667

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,743

Other Expenses $123,234

TOTAL EXPENSES $124,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,667	$154,475	-0.3%
Expenses	$124,734	$79,470	+0.6%
Net Income	$-12,067	$75,005	-1.2%

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
MARIA HRYCELAK	PRESIDENT	10.00	Officer	$0	$0	$0
DON MCEACHERN	TREASURER	3.00	Officer	$0	$0	$0
VICKY BELLISARIO	VICE PRESIDE	3.00	Officer	$0	$0	$0
JANELLE MARCUCCILLI	CORRESPONDIN	3.00	Officer	$0	$0	$0
LEIGH SASSER	VICE PRESIDE	10.00	Officer	$0	$0	$0
JUDY BACON	VICE PRESIDE	3.00	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
2025	$112,667	$124,734	$1,851,570	$-12,067
2024	$154,475	$79,470	$1,820,222	$75,005
2023	$77,466	$83,210	$1,683,846	$-5,744
2022	$69,937	$91,022	$1,673,162	$-21,085
2021	$70,776	$58,637	$1,740,776	$12,139
2020	$845,254	$107,631	$1,564,291	$737,623
2019	$353,384	$75,171	$835,942	$278,213

THE KALO FOUNDATION OF PARK RIDGE