Chicago Literary Club (EIN 510235622) - 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

1874

Legal Domicile

Principal Officer

JOHN TUOHY

Phone

3127283576

Tax Period

2023-07-01 to 2024-06-30

Chicago Literary Club, founded in 1874, is a micro nonprofit that reported $68K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $126K exceeded revenue, resulting in a 87% operating deficit.

Mission

Weekly meetings are held from October through May at which original essays written by members on topics of literary historical or general

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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 $25,541

Program Service Revenue $18,094

Investment Income $23,948

Other Revenue $0

TOTAL REVENUE $67,583

Expense Breakdown

Grants Paid $2,800

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $123,613

TOTAL EXPENSES $126,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,583	$169,413	-0.6%
Expenses	$126,413	$69,249	+0.8%
Net Income	$-58,830	$100,164	-1.6%

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

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
HOWARD B PROSSNITZ	President	3.000	Officer Director	$0	$0	$0
JOHN L TUOHY	Treasurer	2.000	Officer Director	$0	$0	$0
JAMES M MCMENAMIN	Secretary	2.000	Officer Director	$0	$0	$0
YOLAND M DEEN	Vice President	2.000	Officer Director	$0	$0	$0
MINNIE M HAYES	Vice President	2.000	Officer Director	$0	$0	$0
ROBERT H JORDANJR	Vice President	2.000	Officer Director	$0	$0	$0
FRANCIS A LACKNER JR	Webmaster	3.000	Officer Director	$0	$0	$0
JAME M MCMENANMIN	Historian	2.000	Officer Director	$0	$0	$0
KEVIN FAGAN	Vice President	2.000	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
2025	No data	No data	No data	No data
2024	$67,583	$126,413	$675,920	$-58,830
2023	$169,413	$69,249	$682,070	$100,164
2022	$34,384	$79,440	$556,704	$-45,056
2021	$27,253	$49,100	$632,173	$-21,847

Chicago Literary Club