Garfield Park Community Council (EIN 454055306) - 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

2012

Legal Domicile

Principal Officer

Brian K Ellison

Phone

7736381766

Tax Period

2022-07-01 to 2023-06-30

Garfield Park Community Council, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $485K, a strong 41% operating margin.

Mission

Garfield Park Community Council is dedicated to the revitalization of Garfield Park community on Chicago?s West Side, a neighborhood of rich history, committed residents, and tremendous opportunities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,145,770

Program Service Revenue $45,918

Investment Income $3

Other Revenue $0

TOTAL REVENUE $1,191,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,498

Fundraising Expenses $70,417

Program Expenses $541,803

Other Expenses $470,108

TOTAL EXPENSES $706,606

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,191,691	$1,030,405	+0.2%
Expenses	$706,606	$947,384	-0.3%
Net Income	$485,085	$83,021	+4.8%

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

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

Total Directors

$49,752

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael McGovern	Board member	1.00	Director	$0	$0	$0
Angela Taylor	Board member	3.00	Director	$49,752	$0	$49,752
Jaime Zaplatosch	Board member	1.00	Director	$0	$0	$0
Brian Ellison	Board member	1.00	Director	$0	$0	$0
Tony Hernandez	President	1.00	Officer	$0	$0	$0
Marie Cole	Secretary	1.00	Officer	$0	$0	$0
Theresa Lipo	Treasurer	1.00	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
2024	No data	No data	No data	No data
2023	$1,191,691	$706,606	$2,718,641	$485,085
2023	No data	No data	No data	No data
2022	$1,030,405	$947,384	$2,219,057	$83,021
2022	$994,392	$945,059	$2,185,369	$49,333
2021	$850,603	$654,068	$2,130,073	$196,535
2020	$831,785	$563,974	$1,933,538	$267,811
2019	$524,106	$488,921	$1,665,727	$35,185

Garfield Park Community Council