NEAR WEST SIDE PARTNERS INC

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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

2015

Legal Domicile

Principal Officer

LINDSEY ST ARNOLD BELL

Phone

4149330640

Tax Period

2023-01-01 to 2023-12-31

NEAR WEST SIDE PARTNERS INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 65% operating deficit.

Mission

TO REVITALIZE AND SUSTAIN THE NEAR WEST SIDE AS A THRIVING BUSINESS AND RESIDENTIAL CORRIDOR THROUGH COLLABORATIVE EFFORTS TO PROMOTE ECONOMIC DEVELOPMENT, IMPROVED HOUSING, UNIFIED NEIGHBORHOOD IDENTITY, BRANDING, AND GREATER SAFETY FOR RESIDENTS AND BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $1,625,398 Revenue: $397,041

NWSP HAS FOUR PRIMARY FOCUS AREAS RELATED TO ECONOMIC AND COMMUNITY DEVELOPMENT, INCLUDING: (1) HOUSING, (2) COMMERCIAL CORRIDOR DEVELOPMENT, (3) SAFETY, AND (4) COMMUNITY HEALTH. HOUSING AND HEALTH HAVE BEEN A MAJOR DRIVER OF MANY PROGRAMS AND INITIATIVES, INCLUDING NWSP'S WORK WITH CONCORDIA 27, A COMPREHENSIVE COMMUNITY CENTER DESIGNED TO PROVIDE GREAT ACCESS TO HEALTH AND WELLNESS PROGRAMMING AND HIGH-QUAULITY, AFFORDABLE HOUSING IN THE NEAR WEST SIDE. NWSP SEES HEALTH AND WELLBEING, HOUSING AND COMMERCIAL DEVELOPMENT AS FUNDEMENTAL CHARATERISTICS OF A SAFE AND THRIVING COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $742,096

Program Service Revenue $373,101

Investment Income $42,278

Other Revenue $80,766

TOTAL REVENUE $1,238,241

Expense Breakdown

Grants Paid $540,252

Salaries & Benefits $448,431

Fundraising Expenses $91,984

Program Expenses $1,625,398

Other Expenses $1,059,679

TOTAL EXPENSES $2,048,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,238,241	$6,060,522	-0.8%
Expenses	$2,048,362	$1,983,043	+0.0%
Net Income	$-810,121	$4,077,479	-1.2%

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

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

$114,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANA ALTENBURG	PRESIDENT	1.00	Officer Director	$0	$0	$0
HEIDI CHADA	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
LEO RIES	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA KOSTER	DIRECTOR	1.00	Director	$0	$0	$0
RICK WIEGAND	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCOTTY	DIRECTOR	1.00	Director	$0	$0	$0
MICK HATCH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MADLOM	DIRECTOR	1.00	Director	$0	$0	$0
JAY MACK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID OSSWALD	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JOE TESCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DONNA BROWN-MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE ANDING	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDSAY BLUMER	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND BRATCHETT	DIRECTOR	1.00	Director	$0	$0	$0
NKEM IROEGBU	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT LYLES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
POLINA MAKIEVSKY	DIRECTOR	1.00	Director	$0	$0	$0
TORI TERMAAT	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY ST ARNOLD BELL	INTERIM EXECUTIVE DIR.	40.00	Officer	$109,812	$4,600	$114,412

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	$1,238,241	$2,048,362	$6,963,979	$-810,121
2022	$6,060,522	$1,983,043	$7,515,242	$4,077,479
2021	$2,063,914	$2,285,260	$3,405,824	$-221,346
2020	$2,264,598	$1,539,879	$5,731,340	$724,719
2019	$2,277,207	$1,295,624	$4,867,557	$981,583
2018	$513,367	$1,415,998	$3,856,006	$-902,631