CHICAGO LITERACY ALLIANCE C/O CLA ABC

EIN: 455134751 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
N/A
Total Expenses
$304,153
Total Assets
$16,616
Net Assets
$-4,084,087
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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
IL
Principal Officer
STEVEN VICTOR
Phone
3122634141
Tax Period
2022-07-01 to 2023-06-30

CHICAGO LITERACY ALLIANCE, founded in 2012, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2018. Revenue surged 133% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION CEASED CONDUCTING PROGRAM SERVICES PART WAY THROUGH THE FISCAL YEAR END JUNE 30, 2022 AND ENTERED INTO AN ASSIGNMENT FOR THE BENEFIT OF CREDITORS IN JANUARY 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $304,153
TOTAL EXPENSES $304,153

Year-over-Year Comparison

2022 2021 Change
Revenue N/A $1,315,004 -1.0%
Expenses $304,153 $1,430,429 -0.8%
Net Income N/A $-115,425 N/A
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINAS GRIKIS CHAIR 1.00
Officer Director
$0 $0 $0
MIKE DEAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOANNA BARTOLD SECRETARY 1.00
Officer Director
$0 $0 $0
IZABELA POLUDNIAK TREASURER 1.00
Officer Director
$0 $0 $0
ANU GEORGE DIRECTOR 1.00
Director
$0 $0 $0
TODD BABBITZ DIRECTOR 1.00
Director
$0 $0 $0
BRUCE DOTTEN DIRECTOR 1.00
Director
$0 $0 $0
THEODORE WHITTIER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL COSTA DIRECTOR 1.00
Director
$0 $0 $0
BRENDA LANGSTRAAT DIRECTOR 1.00
Director
$0 $0 $0
PEGGY KLINGEL DIRECTOR 1.00
Director
$0 $0 $0
RAVIN JESUTHASAN DIRECTOR 1.00
Director
$0 $0 $0
MEREDITH CROOKS DIRECTOR 1.00
Director
$0 $0 $0
JEREME BRAGGS DIRECTOR 1.00
Director
$0 $0 $0
STACY RATNER 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
2023 No data $304,153 $16,616 No data
2022 $1,315,004 $1,430,429 $320,999 $-115,425
2021 $2,626,591 $2,625,710 $767,085 $881
2020 $2,844,130 $2,753,055 $1,836,875 $91,075
2019 $2,367,843 $2,516,095 $1,563,736 $-148,252
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