SKILLS FOR CHICAGO (EIN 451287418) - 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

2011

Legal Domicile

Principal Officer

BRIDGET ALTENBURG

Phone

3129067200

Tax Period

2024-01-01 to 2024-12-31

SKILLS FOR CHICAGO, founded in 2011, is a community nonprofit in the Employment sector that reported $5.0M in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $7.9M exceeded revenue, resulting in a 60% operating deficit.

Mission

THE MISSION OF SKILLS IS TO STAND AS A LIFE-CHANGING EMPLOYMENT RESOURCE CONNECTING UNDERREPRESENTED JOB SEEKERS TO EMPLOYERS WITH OPPORTUNITIES ACROSS INDUSTRIES. WE DO THIS BY BUILDING MULTI-LEVEL, TRUSTED RELATIONSHIPS WITH OUR EMPLOYER PARTNERS TO BREAK DOWN BARRIERS IN THE HIRING PROCESS AND CONNECT THEM TO OVERLOOKED TALENT. WE WORK WITH COMMUNITY PARTNERS TO PREPARE UNEMPLOYED TALENT FOR JOBS AND TO PROVIDE SUPPORTIVE SERVICES TO ENSURE THOSE PLACED CAN STAY IN THOSE JOBS. THE VAST MAJORITY OF SKILLS' CANDIDATES COME FROM DISINVESTED COMMUNITIES ON THE SOUTH AND WEST SIDES OF CHICAGO, WHICH EXPERIENCE UNEMPLOYMENT RATES 3-5X HIGHER THAN THE NATIONAL AVERAGE. SKILLS COLOCATES IN OFFICES IN SOUTH, WEST AND SOUTHWEST SIDE NEIGHBORHOODS TO MAKE ITS SERVICES CONVENIENT TO JOB SEEKERS AND TO MAINTAIN A CLOSE PULSE ON COMMUNITY NEEDS.

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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 $4,858,970

Program Service Revenue $133,075

Investment Income $105,215

Other Revenue $-118,486

TOTAL REVENUE $4,978,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,954,376

Fundraising Expenses $588,878

Program Expenses $6,613,490

Other Expenses $1,995,187

TOTAL EXPENSES $7,949,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,978,774	$12,476,804	-0.6%
Expenses	$7,949,563	$8,825,429	-0.1%
Net Income	$-2,970,789	$3,651,375	-1.8%

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

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

$361,116

Total Directors

$361,116

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGET ALTENBURG	CHIEF EXECUTIVE OFFICER	50.00	Officer Director	$349,952	$11,164	$361,116
MANIKA TURNBULL	DIRECTOR/CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL BONDS	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
JEFF BILEK	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN BOOTH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CHALLENGER	DIRECTOR	1.00	Director	$0	$0	$0
ADONIS CLARK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA CORLEY	DIRECTOR	1.00	Director	$0	$0	$0
GILLIAN DARLOW	DIRECTOR	1.00	Director	$0	$0	$0
ANDY EICHFELD	DIRECTOR	1.00	Director	$0	$0	$0
RICH FLOERSCH	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE FRANZESE	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG FREEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL GAMBA	DIRECTOR	1.00	Director	$0	$0	$0
CORLISS GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
JUATISE GATHINGS	DIRECTOR	1.00	Director	$0	$0	$0
SRRON GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY KAMMER	DIRECTOR	1.00	Director	$0	$0	$0
MARK KENDALL	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MANTHEY	DIRECTOR	1.00	Director	$0	$0	$0
MALAIKA MYERS	DIRECTOR	1.00	Director	$0	$0	$0
SAMMY PATEL	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA SARAN	DIRECTOR	1.00	Director	$0	$0	$0
ARBIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DIANNA SPARACINO	DIRECTOR	1.00	Director	$0	$0	$0
ERIC STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
GINA STUART	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL A WILDER	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY WILLIAMS-LEE	DIRECTOR	1.00	Director	$0	$0	$0
CORY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA TULLY	PRESIDENT & CHIEF PROGRAM OFFICER	40.00	Highest	$215,759	$7,212	$222,971
SUSAN DUNSETH	VP, BUSINESS OPERATIONS AND EMPLOYER ENGAGEMENT	40.00	Highest	$168,600	$12,278	$180,878
TABATHA COBB	VP, PROGRAMS	40.00	Highest	$165,257	$15,511	$180,768
KATHERINE HERMANN STONE	VP, EXTERNAL AFFAIRS	40.00	Highest	$151,480	$10,908	$162,388
MAYRA ALARCON	VP, NATIONAL EXPANSION	40.00	Highest	$142,846	$24,122	$166,968

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	$4,978,774	$7,949,563	$4,982,749	$-2,970,789
2023	$12,476,804	$8,825,429	$7,548,520	$3,651,375
2022	$6,395,413	$9,550,116	$4,306,365	$-3,154,703
2021	$8,975,489	$7,066,977	$6,984,801	$1,908,512
2020	$6,151,967	$5,586,303	$5,035,150	$565,664
2019	$6,290,022	$6,061,023	$4,226,421	$228,999
2018	$6,190,485	$4,705,598	$4,757,981	$1,484,887

SKILLS FOR CHICAGO