Waukegan, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
We strengthen communities through local entrepreneurship, transformative real estate development, and access to capital.
Small Business Support (formerly program development): This program provides technical assistance and various forms of small business support. Key accomplishments
Innovates: The GWDC Facility is a remodeled, repurposed 8,000 square foot former police sub-station in downtown Waukegan containing conference/training rooms, meeting spaces, and state-of-the-art...
Innovates: The GWDC Facility is a remodeled, repurposed 8,000 square foot former police sub-station in downtown Waukegan containing conference/training rooms, meeting spaces, and state-of-the-art networking and telecommunications systems. This facility currently serves as an economic development center. In this fiscal year, it housed all of GWDC's programs, as well as office space for local nonprofits and small businesses.
GWDC Celebrates - A series of multicultural festivals and events that bring residents together to celebrate, build community, and enjoy local downtown and waterfront spaces. No in-person events were...
GWDC Celebrates - A series of multicultural festivals and events that bring residents together to celebrate, build community, and enjoy local downtown and waterfront spaces. No in-person events were held during the 2022 tax year, but planning is in place for an event during the 2023-2024 fiscal year.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare GREATER WAUKEGAN DEVELOPMENT COALITION with other nonprofits in Illinois and across the country.