THE NORA PROJECT

EIN: 813216328 501(c)(3)

MONTGOMERY, IL

Total Revenue
$726,667
Total Expenses
$1,182,060
Total Assets
$384,977
Net Assets
$307,003
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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
2016
Legal Domicile
IL
Principal Officer
MICHAEL GLICKEN
Phone
5134547420
Tax Period
2023-07-01 to 2024-06-30

THE NORA PROJECT, founded in 2016, is a small nonprofit that reported $633K in total revenue in fiscal year 2018. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 20% operating margin.

Mission

OUR MISSION IS TO PROMOTE DISABILITY INCLUSION BY EMPOWERING EDUCATORS AND ENGAGING STUDENTS AND COMMUNITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $811,383
Program Service Revenue $41,150
Investment Income $4,972
Other Revenue $-130,838
TOTAL REVENUE $726,667

Expense Breakdown

Grants Paid $0
Salaries & Benefits $846,785
Fundraising Expenses $121,463
Program Expenses $861,404
Other Expenses $335,275
TOTAL EXPENSES $1,182,060

Year-over-Year Comparison

2023 2022 Change
Revenue $726,667 $1,428,009 -0.5%
Expenses $1,182,060 $1,324,970 -0.1%
Net Income $-455,393 $103,039 -5.4%
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

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Governance

Voting Members
14
Independent Members
13
Employees
21
Volunteers
25

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
6
$149,707
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEGGY BIANCO CHAIR 3.00
Officer Director
$0 $0 $0
MICHELLE GREENBERG SECRETARY 3.00
Officer Director
$0 $0 $0
MICHAEL GLICKEN TREASURER 3.00
Officer Director
$0 $0 $0
JENNIFER ARRA CHAIR-PROGRAM COMMITTEE 2.00
Director
$0 $0 $0
ELLIE FORMAN DIRECTOR 2.00
Director
$0 $0 $0
ADAM LEVY DIRECTOR 2.00
Director
$0 $0 $0
STEVE MALETZKY DIRECTOR 2.00
Director
$0 $0 $0
DR EMILY NUSBAUM DIRECTOR 2.00
Director
$0 $0 $0
ALISON PORTER DIRECTOR 2.00
Director
$0 $0 $0
LARRY SABLOSKY DIRECTOR 2.00
Director
$0 $0 $0
DICK SMITH DIRECTOR 2.00
Director
$0 $0 $0
MARNEY SOLOMON DIRECTOR 2.00
Director
$0 $0 $0
HERBERT WASHINGTON DIRECTOR 2.00
Director
$0 $0 $0
LAUREN SCHRERO DIRECTOR (FROM 7/2023) 2.00
Director
$0 $0 $0
ANGELA ADLER EXEC. DIR. (THRU 2/2024) 40.00
Officer
$44,473 $1,955 $46,428
COURTNEY ADAMS EXECUTIVE DIRECTOR 40.00
Officer
$61,856 $0 $61,856
LAUREN SCHRERO EXEC. DIR. (THRU 5/2023) 40.00
Officer
$41,293 $130 $41,423
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 $726,667 $1,182,060 $384,977 $-455,393
2023 $1,428,009 $1,324,970 $734,216 $103,039
2022 $976,002 $1,019,423 $718,749 $-43,421
2021 $922,114 $769,970 $730,222 $152,144
2020 $740,019 $702,309 $581,627 $37,710
2019 $632,753 $504,017 $485,323 $128,736
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