GREATER CHATHAM INITIATIVE (EIN 813276803) - 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

2016

Legal Domicile

Principal Officer

NEDRA SIMS FEARS

Phone

7736441451

Tax Period

2024-01-01 to 2024-12-31

GREATER CHATHAM INITIATIVE, founded in 2016, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum.

Mission

TO IMPLEMENT INTEGRATED HOUSING, WORKFORCE, BUSINESS DEVELOPMENT, AND PUBLIC SAFETY STRATEGIES FOR FOUR CHICAGO AFRICAN-AMERICAN NEIGHBORHOODS - AVALON PARK, AUBURN GRESHAM, CHATHAM, AND GREATER GRAND CROSSING - SO THEY CAN CONTINUE TO BE COMMUNITIES OF CHOICE AND OPPORTUNITY.

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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 $2,118,645

Program Service Revenue $60,000

Investment Income $0

Other Revenue $45,455

TOTAL REVENUE $2,224,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,260,415

Fundraising Expenses $116,091

Program Expenses $2,038,298

Other Expenses $1,156,225

TOTAL EXPENSES $2,416,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,224,100	$1,269,043	+0.8%
Expenses	$2,416,640	$1,965,246	+0.2%
Net Income	$-192,540	$-696,203	-0.7%

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

298

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

$129,470

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEDRA FEARS	Executive Dir.	50.00	Officer	$129,470	$0	$129,470
Michael Bennet	Director	0.25	Director	$0	$0	$0
Urie Clark	Director	0.25	Director	$0	$0	$0
Donna Clarke	Treasurer	1.00	Officer Director	$0	$0	$0
Anthony Hardy	Director	0.25	Director	$0	$0	$0
Darlene Tribue	ASSISTANT CHAIR	1.00	Officer Director	$0	$0	$0
John Levi	Director	0.25	Director	$0	$0	$0
Stacie Young	Director	0.25	Director	$0	$0	$0
Terry Young	Director	0.25	Director	$0	$0	$0
Carlos Nelson	Secretary	1.00	Officer Director	$0	$0	$0
Allison Porter-Bell	Director	0.25	Director	$0	$0	$0
Teresa Prim	CHAIRPERSON	1.00	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
2024	No data	No data	No data	No data
2024	$2,224,100	$2,416,640	$1,309,505	$-192,540
2023	$1,348,395	$1,793,376	$995,373	$-444,981
2023	$1,269,043	$1,965,246	$1,378,800	$-696,203
2022	$2,703,852	$1,680,759	$2,028,570	$1,023,093
2022	$2,522,790	$2,109,361	$1,507,603	$413,429
2021	$1,336,745	$991,846	$916,321	$344,899
2020	$962,780	$759,536	$538,116	$203,244
2020	$817,030	$660,382	$540,988	$156,648
2019	$464,256	$626,910	$275,301	$-162,654
2018	$341,909	$713,219	$414,343	$-371,310

GREATER CHATHAM INITIATIVE