CHICAGO MARITIME ARTS CENTER

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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

Principal Officer

RICHARD J LINDO

Phone

7737716291

Tax Period

2021-01-01 to 2021-12-31

CHICAGO MARITIME ARTS CENTER, founded in 2017, is a small nonprofit that reported $117K in total revenue in fiscal year 2021. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 26% operating margin.

Mission

TO TEACH MARINE ECOLOGY AND THE MARITIME ARTS, AND TO HELP KIDS FIND THEMSELVES AND NEW PATHWAYS BY LEARNING TO BUILD BOATS.

Program Service Accomplishments

Program 1

Expenses: $53,734 Revenue: $9,526

BOAT BUILDING CLASSES

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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 (2021)

Revenue Breakdown

Contributions & Grants $107,465

Program Service Revenue $9,526

Investment Income $0

Other Revenue $0

TOTAL REVENUE $116,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,761

Fundraising Expenses $0

Program Expenses $53,734

Other Expenses $38,148

TOTAL EXPENSES $86,909

Year-over-Year Comparison

	2021	2020	Change
Revenue	$116,991	$75,889	+0.5%
Expenses	$86,909	$68,596	+0.3%
Net Income	$30,082	$7,293	+3.1%

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

N/A

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

Total Directors

$4,100

Key Employees

$23,679

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB HOELTERHOFF	VICE PRESIDENT	1.00	Director	$0	$0	$0
RICHARD LINDO	PRESIDENT	30.00	Highest	$24,000	$0	$24,000
JOSEPH G RICKARD	DIRECTOR	0.00	Director	$0	$0	$0
JOHN KRAFT	TREASURER	2.00	Director	$0	$0	$0
GEORGE LOWE	BOARD MEMMBER	5.00	Director	$0	$0	$0
JOHN GRANT CROWLEY	BOARD MEMBER	5.00	Director	$0	$0	$0
PATRICK MCBRIARTY	DIRECTOR	1.00	Director	$4,100	$0	$4,100
JAY DESROSIER	PROGRAM DIRECTOR	30.00	Key Emp	$23,679	$0	$23,679
BRANDON CUNNINGHAM	BOARD MEMBER	5.00	Director	$0	$0	$0
GAIL SPREEN	DIRECTOR	2.00	Director	$0	$0	$0
TED CARTNER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAMONE RICHARDSON	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDY CONNOR	BOARD MEMBER	0.00	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
2021	$116,991	$86,909	$78,652	$30,082
2020	$75,889	$68,596	$33,571	$7,293
2019	$64,246	$58,517	$26,355	$5,729
2018	$55,639	$41,379	$20,626	$14,260