CHICAGO ALDERMANIC BLACK CAUCUS FOUNDATION

EIN: 461806220 501(c)(3) Youth Development

Chicago, IL

Total Revenue
$602,937
Total Expenses
$304,121
Total Assets
$1,066,967
Net Assets
$1,066,967
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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
2019
Legal Domicile
IL
Principal Officer
Jason Ervin
Phone
3123917221
Tax Period
2023-01-01 to 2023-12-31

CHICAGO ALDERMANIC BLACK CAUCUS FOUNDATION, founded in 2019, is a small nonprofit in the Youth Development sector that reported $603K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $299K, a strong 50% operating margin.

Mission

Scholarship programs for Chicago's youth.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $36,563
Other Revenue $566,374
TOTAL REVENUE $602,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $73,874
Program Expenses $164,210
Other Expenses $230,247
TOTAL EXPENSES $304,121

Year-over-Year Comparison

2023 2022 Change
Revenue $602,937 $516,671 +0.2%
Expenses $304,121 $228,765 +0.3%
Net Income $298,816 $287,906 +0.0%
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
3
Independent Members
3
Employees
N/A
Volunteers
18

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Ervin Chairman 2
Officer Director
$0 $0 $0
Gregory Mitchell Treasurer 2
Officer Director
$0 $0 $0
Michael Scott Secretary 2
Officer 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
2024 No data No data No data No data
2023 $602,937 $304,121 $1,066,967 $298,816
2022 $516,671 $228,765 $768,151 $287,906
2021 $586,428 $116,183 $480,245 $470,245
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