CHICAGO CENTER FOR ARTS AND TECHNOLOGY INC (EIN 471717393) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

DARRELL WILLIAMS

Phone

3122557071

Tax Period

2023-01-01 to 2023-12-31

CHICAGO CENTER FOR ARTS AND TECHNOLOGY INC, founded in 2014, is a community nonprofit in the Employment sector that reported $3.3M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.9M left a modest 14% surplus.

Mission

AT CHICAT, WE EDUCATE AND INSPIRE YOUTH THROUGH NO-COST ARTS AND TECHNOLOGY (SEE SCH O) PROGRAMS. WE EMPOWER ADULTS THROUGH NO-COST JOB TRAINING PROGRAMS THAT HELP THEM FIND SUSTAINABLE EMPLOYMENT. WE ELEVATE THE TALENTS OF THE COMMUNITY THROUGH TRANSFORMATIVE ARTS STUDIOS, INDUSTRY-DRIVEN VOCATIONAL TRAINING AND A BEAUTIFUL SPACE TO UNIFY THE COMMUNITIES WE SERVE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,203,163

Program Service Revenue $67,352

Investment Income $59,050

Other Revenue $13,688

TOTAL REVENUE $3,343,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,648,421

Fundraising Expenses $149,460

Program Expenses $1,788,916

Other Expenses $1,233,746

TOTAL EXPENSES $2,882,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,343,253	$4,306,833	-0.2%
Expenses	$2,882,167	$2,792,584	+0.0%
Net Income	$461,086	$1,514,249	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
DARRELL WILLIAMS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STEVE SAROWITZ	VICE CHAIR	1.00	Director	$0	$0	$0
VERNON GAIR	TREASURER	1.00	Officer Director	$0	$0	$0
ALISON LOPEZ RESIGNED 121923	SECRETARY	1.00	Officer Director	$0	$0	$0
LINCOLN CHANDLER	DIRECTOR	1.00	Director	$0	$0	$0
DORRI MCWHORTER	DIRECTOR	1.00	Director	$0	$0	$0
XAVIER RAMEY	DIRECTOR	1.00	Director	$0	$0	$0
RAYVA MYLES	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS BETTS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TODD MACUMBER	DIRECTOR	1.00	Director	$0	$0	$0
TANMAY RAO	DIRECTOR	1.00	Director	$0	$0	$0
LISA MOULTRIE	EXECUTIVE DIRECTOR	40.00	Highest	$143,263	$16,371	$159,634
MARK FINKE	DIRECTOR OF FINANCE	40.00	Highest	$106,616	$2,156	$108,772
JOSHUA FULCHER	SR. DIR. OF COMMUNICATIONS	40.00	Highest	$102,000	$2,474	$104,474

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	$3,343,253	$2,882,167	$12,435,575	$461,086
2022	$4,306,833	$2,792,584	$12,007,631	$1,514,249
2021	$3,513,150	$2,232,096	$11,833,736	$1,281,054
2020	$3,710,353	$2,258,513	$10,632,058	$1,451,840
2019	$1,971,903	$2,382,584	$9,255,868	$-410,681
2018	$943,219	$2,482,738	$9,734,223	$-1,539,519

CHICAGO CENTER FOR ARTS AND TECHNOLOGY INC