LIVE THE SPIRIT RESIDENCY (EIN 760826027) - 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

2006

Legal Domicile

Principal Officer

ERNEST DAWKINS

Phone

7737894227

Tax Period

2024-01-01 to 2024-12-31

LIVE THE SPIRIT RESIDENCY, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $288K in total revenue in fiscal year 2024. Expenses of $263K left a modest 9% surplus.

Mission

Our goal is to serve the Englewood community of Chicago by providing high quality,accessible,and inclusive jazz programing for underserved audiences in this culturally rich neighborhood.

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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 $287,835

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $287,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,161

Other Expenses $263,161

TOTAL EXPENSES $263,161

Year-over-Year Comparison

	2024	2023	Change
Revenue	$287,835	$271,619	+0.1%
Expenses	$263,161	$204,147	+0.3%
Net Income	$24,674	$67,472	-0.6%

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

N/A

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
ERNEST DAWKINS	EXECUTIVE DIRECTOR	N/A	Officer Director	$0	$0	$0
STEVE BERRY	TREASURER	N/A	Officer Director	$0	$0	$0
WILL FABER	OFFICER	N/A	Director	$0	$0	$0
ADAM ZANOLINI	OFFICER	N/A	Director	$0	$0	$0
LINNAE BRYANT	LAWYER	N/A	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	$287,835	$263,161	$219,790	$24,674
2023	$271,619	$204,147	$153,817	$67,472
2022	$175,115	$224,820	$86,345	$-49,705
2021	$282,057	$166,287	$129,481	$115,770

LIVE THE SPIRIT RESIDENCY