GREATER WAUKEGAN DEVELOPMENT COALITION (EIN 454807745) - 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

Shai Lothan

Phone

8474402021

Tax Period

2024-07-01 to 2025-06-30

GREATER WAUKEGAN DEVELOPMENT COALITION, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $493K in total revenue in fiscal year 2024. Expenses of $720K exceeded revenue, resulting in a 46% operating deficit.

Mission

We strengthen communities through local entrepreneurship, transformative real estate development, and access to capital.

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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 $477,509

Program Service Revenue $15,702

Investment Income $0

Other Revenue $0

TOTAL REVENUE $493,211

Expense Breakdown

Grants Paid $258,813

Salaries & Benefits $221,905

Fundraising Expenses $0

Program Expenses $675,867

Other Expenses $239,384

TOTAL EXPENSES $720,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,211	$457,278	+0.1%
Expenses	$720,102	$585,864	+0.2%
Net Income	$-226,891	$-128,586	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Hixon	Board Treasuer	1	Officer Director	$0	$0	$0
Carrie Espinosa	Board Member	1	Director	$0	$0	$0
Caryn Kahn	Board Member	1	Director	$0	$0	$0
Brandon Ewing	Board Member	1	Director	$0	$0	$0
Shai Lothan	Board Chair	10	Officer	$0	$0	$0
Darren Miller	Board Secretary-General	1	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	$493,211	$720,102	$410,256	$-226,891
2024	$457,278	$585,864	$452,253	$-128,586
2023	$746,640	$652,673	$640,562	$93,967
2022	$267,745	$334,061	$553,171	$-66,316
2021	$281,926	$416,644	$350,638	$-134,718
2021	$281,770	$132,279	$347,646	$149,491
2020	$223,636	$195,033	$327,977	$28,603

GREATER WAUKEGAN DEVELOPMENT COALITION