Chicago Family Business Council Inc DBA Entrepreneur and Family Business Council

EIN: 453803171 501(c)(3) Community Improvement

Chicago, IL

Total Revenue
$548,614
Total Expenses
$583,142
Total Assets
$620,498
Net Assets
$556,406
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IL
Principal Officer
ELIZABETH FIDANOVSKI
Phone
3124733826
Tax Period
2024-07-01 to 2025-06-30

Chicago Family Business Council Inc DBA Entrepreneur and Family Business Council, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $549K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

EFBC exists to help entrepreneurs, family businesses, and closely-held companies achieve their business goals through a unique peer support system and related educational programs that provide growth strategies for chief executives, their employees, their families and their businesses.EFBCs roots date back to 1993, when local businessman James P. Liautaud approached the University of Illinois at Chicago about underwriting an organization dedicated to family businesses. The Family Business Council (FBC) welcomed its first members in 1994 and operated under UICs College of Business Administration for nearly two decades. The FBC name still lives on at the College of Business Administrations home, Douglas Hall, where FBC sponsored a room in honor of the organizations long-standing relationship with the university.In 2011, the organization became an independent nonprofit organization and changed its name to Chicago Family Business Council. CFBC formed an affiliation with DePaul Universitys

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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 $0
Program Service Revenue $601,201
Investment Income $18,329
Other Revenue $-70,916
TOTAL REVENUE $548,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $345,735
Fundraising Expenses $0
Program Expenses $522,426
Other Expenses $237,407
TOTAL EXPENSES $583,142

Year-over-Year Comparison

2024 2023 Change
Revenue $548,614 $578,665 -0.1%
Expenses $583,142 $578,321 +0.0%
Net Income $-34,528 $344 -101.4%
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

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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
9
Independent Members
9
Employees
4
Volunteers
57

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
5
$135,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH FIDANOVSKI Executive Dir. 45.00
Officer
$135,000 $0 $135,000
DAVE HORVATH Past President 1.00
Director
$0 $0 $0
BOB CARMODY Director 1.00
Director
$0 $0 $0
BJ SLATER Director 1.00
Director
$0 $0 $0
MARCUS NEWMAN Director 1.00
Director
$0 $0 $0
JOEL SPENCER Vice President 2.00
Officer Director
$0 $0 $0
RACHEL BOSSARD Director 1.00
Director
$0 $0 $0
MICHELLE PUCH CFO 1.00
Officer Director
$0 $0 $0
MARY KOONCE OFFICER 1.00
Officer Director
$0 $0 $0
DARRIN SHILLAIR President 2.00
Officer Director
$0 $0 $0
BRUCE LEECH 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
2025 $548,614 $583,142 $620,498 $-34,528
2024 $578,665 $578,321 $801,292 $344
2023 $503,370 $433,707 $751,196 $69,663
2022 $576,286 $426,323 $667,585 $149,963
2021 $594,895 $447,935 $621,865 $146,960
2020 $573,990 $628,442 $496,056 $-54,452
2019 $688,341 $695,984 $478,038 $-7,643
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