IT TAKES A VILLAGE CHICAGO INC

EIN: 820897135 501(c)(3) Philanthropy & Grantmaking

CHICAGO, IL

Total Revenue
$205,591
Total Expenses
$176,562
Total Assets
$92,221
Net Assets
$92,221
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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
2017
Legal Domicile
IL
Principal Officer
CAMERON PAULSON
Phone
3128461288
Tax Period
2024-01-01 to 2024-12-31

IT TAKES A VILLAGE CHICAGO INC, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $206K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $177K left a modest 14% surplus.

Mission

ITAV Chicago was established to give Chicagos inner city youth an opportunity to break out of the bleak statistics that many of them fall into through building CONFIDENCE, WORK ETHIC, and SELF-VALUE. We have identified that hard work and discipline in the weight room is highly effective in this endeavor.

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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 (2024)

Revenue Breakdown

Contributions & Grants $205,591
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $205,591

Expense Breakdown

Grants Paid $174,322
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $174,322
Other Expenses $2,240
TOTAL EXPENSES $176,562

Year-over-Year Comparison

2024 2023 Change
Revenue $205,591 $151,249 +0.4%
Expenses $176,562 $231,334 -0.2%
Net Income $29,029 $-80,085 -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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAMERON PAULSON PRESIDENT 2.00
Officer
$0 $0 $0
ASHVIN REDDY TREASURER 1.00
Officer
$0 $0 $0
SAM PAULSON SECRETARY 1.00
Officer
$0 $0 $0
JOHN CLIFFORD BOARD MEMBER 1.00
$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 $205,591 $176,562 $92,221 $29,029
2021 $205,661 $112,108 $108,133 $93,553
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