Magdalene House Chicago Inc (EIN 473713877) - 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

2015

Legal Domicile

Principal Officer

Amity Carrubba

Phone

7089215070

Tax Period

2024-01-01 to 2024-12-31

Magdalene House Chicago Inc, founded in 2015, is a small nonprofit that reported $281K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $250K left a modest 11% surplus.

Mission

Magdalene House Chicago, Inc. (MHC) is a home and enterprise for positive, personal change for women survivors of sex trafficking, prostitution, and addiction in the Chicagoland area. For women survivors, MHC promises the flexibility, advocacy, and humanity they need to heal and become leaders through its residential program, Find Your Way Home, and justice social enterprise, Off The Streets.

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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 (2024)

Revenue Breakdown

Contributions & Grants $269,928

Program Service Revenue $0

Investment Income $0

Other Revenue $10,680

TOTAL REVENUE $280,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,154

Fundraising Expenses $0

Program Expenses $198,861

Other Expenses $152,263

TOTAL EXPENSES $250,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,608	$313,967	-0.1%
Expenses	$250,417	$439,559	-0.4%
Net Income	$30,191	$-125,592	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rose Cicero	Member	2.00	Director	$0	$0	$0
Lois Garland-Patterson	Member	3.00	Director	$0	$0	$0
Amity Carrubba	Board Chair/President	15.00	Officer	$0	$0	$0
Tom Mendoza	Secretary	4.00	Officer	$0	$0	$0
Mary Lawrence	Treasury	12.00	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
2024	$280,608	$250,417	$89,024	$30,191
2023	$313,967	$439,559	$75,236	$-125,592
2022	$207,843	$495,264	$189,630	$-287,421
2021	$126,611	$141,902	$772,341	$-15,291
2020	$191,889	$56,753	$799,109	$135,136
2019	$310,257	$62,214	$353,738	$248,043

Magdalene House Chicago Inc