CHICAGOLAND FOOD INC (EIN 813497150) - 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

ALAN REED

Phone

3125259653

Tax Period

2024-01-01 to 2024-12-31

CHICAGOLAND FOOD INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $294K in total revenue in fiscal year 2024. The organization ran a surplus of $49K, a strong 17% operating margin.

Mission

TO DEVELOP AND SUPPORT PRODUCTS AND SERVICES THAT DRIVE GROWTH IN THE CHICAGOLAND FOOD AND BEVERAGE MANUFACTURING AND PACKAGING CLUSTER BY STIMULATING INCLUSIVE ECONOMIC GROWTH BY SUPPORTING FIRM EXPANSION AND JOB CREATION FOR TRADITIONALLY UNDERSERVED POPULATIONS OF BUSINESS OWNERS AND EMPLOYEES.

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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 $0

Program Service Revenue $294,169

Investment Income $0

Other Revenue $0

TOTAL REVENUE $294,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,983

Fundraising Expenses $0

Other Expenses $191,082

TOTAL EXPENSES $245,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,169	$291,986	+0.0%
Expenses	$245,065	$271,882	-0.1%
Net Income	$49,104	$20,104	+1.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET GARETTO	CHAIR	5.00	Officer Director	$0	$0	$0
FLAVIA PANZA	VICE CHAIR	5.00	Officer Director	$0	$0	$0
TIM BOSSLET	TREASURER	5.00	Officer Director	$0	$0	$0
RANDY BRIDGEMAN	PAST CHAIR	5.00	Director	$0	$0	$0
LARRY DEUTSCH	STRATEGIC PLANNING COMMITTEE LEAD	5.00	Director	$0	$0	$0
MICHAEL LOQUERCIO	GOVERNANCE COMMITTEE LEAD	5.00	Director	$0	$0	$0
CARLA AGOSTINELLI	DIRECTOR	5.00	Director	$0	$0	$0
KATIE BUCEY	DIRECTOR	5.00	Director	$0	$0	$0
LAURA ENRIQUEZ	DIRECTOR	5.00	Director	$0	$0	$0
LISA JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
TOM KOZIEL	DIRECTOR	5.00	Director	$0	$0	$0
ERICA KUHLMANN	DIRECTOR	5.00	Director	$0	$0	$0
ANDRIA LONG	DIRECTOR	5.00	Director	$0	$0	$0
ENRIQUE RUBIO	DIRECTOR	5.00	Director	$0	$0	$0
SAVERIO SPONTELLA	DIRECTOR	5.00	Director	$0	$0	$0
TIM STUBBS	DIRECTOR	5.00	Director	$0	$0	$0
ALAN REED	EXECUTIVE DIRECTOR	40.00	Officer	$50,000	$0	$50,000

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	$294,169	$245,065	$285,751	$49,104
2023	$291,986	$271,882	$247,022	$20,104
2022	$261,694	$282,243	$225,434	$-20,549
2021	$324,211	$307,833	$241,323	$16,378
2020	$332,667	$341,195	$240,001	$-8,528
2019	$332,470	$424,641	$80,951	$-92,171

CHICAGOLAND FOOD INC