Chicago Southwest Development Corporation (EIN 461575093) - 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

Guy A Medaglia

Phone

7734844831

Tax Period

2022-07-01 to 2023-06-30

Chicago Southwest Development Corporation, founded in 2012, is a micro nonprofit in the Religion sector that reported $43K in total revenue in fiscal year 2022. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $6.3M exceeded revenue, resulting in a 14635% operating deficit.

Mission

The mission of the Chicago Southwest Development Corporation is to own land and improvements for the benefit of Chicago Southwest Community Organization and other healthcare entities related in purpose or function to Chicago Southwest Community Organization.

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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 $1,000

Program Service Revenue $0

Investment Income $0

Other Revenue $41,705

TOTAL REVENUE $42,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,292,644

TOTAL EXPENSES $6,292,644

Year-over-Year Comparison

	2022	2021	Change
Revenue	$42,705	$2,358,282	-1.0%
Expenses	$6,292,644	$3,772,079	+0.7%
Net Income	$-6,249,939	$-1,413,797	+3.4%

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

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

N/A

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

$1,270,660

Total Directors

$1,270,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Guy A Medaglia	President & CEO	20.00	Officer Director	$0	$499,295	$1,270,660
Peter V Fazio Jr	Chairman	1.00	Officer Director	$0	$0	$0
Dorval R Carter Jr	Vice Chairman	1.00	Officer Director	$0	$0	$0
Bob Enkema	CFO	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$42,705	$6,292,644	$23,908,378	$-6,249,939
2022	$2,358,282	$3,772,079	$23,619,457	$-1,413,797
2021	$67,891	$3,222,694	$14,735,476	$-3,154,803
2020	$296,346	$2,622,401	$14,587,378	$-2,326,055
2019	$293,654	$2,961,867	$16,112,379	$-2,668,213
2018	$21	$1,608,710	$15,687,105	$-1,608,689

Chicago Southwest Development Corporation