IMPACT GRANTS CHICAGO (EIN 821566221) - 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

2017

Legal Domicile

Phone

8004450626

Tax Period

2024-09-01 to 2025-08-31

IMPACT GRANTS CHICAGO, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $693K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $603K left a modest 13% surplus.

Mission

Impact Grants Chicago connects, engages and inspires women to improve the community of Chicago by collectively funding $100,000 grants to Chicago nonprofits that are dedicated to addressing the challenges facing the city.

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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 $642,243

Program Service Revenue $42,010

Investment Income $8,263

Other Revenue $380

TOTAL REVENUE $692,896

Expense Breakdown

Grants Paid $490,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $560,954

Other Expenses $113,202

TOTAL EXPENSES $603,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$692,896	$569,743	+0.2%
Expenses	$603,202	$557,094	+0.1%
Net Income	$89,694	$12,649	+6.1%

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

265

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maggie Schell	President	20.00	Officer Director	$0	$0	$0
Erin Drury	Vice President	20.00	Officer Director	$0	$0	$0
Jennifer Gartenberg	Treasurer	10.00	Officer Director	$0	$0	$0
Carole Schecter	Secretary	5.00	Officer Director	$0	$0	$0
Cara Pollard	Director	5.00	Director	$0	$0	$0
Penny Turner	Director	5.00	Director	$0	$0	$0
Meg Weltzer	Director	5.00	Director	$0	$0	$0
Jackie Lutz	Director	5.00	Director	$0	$0	$0
Sue Swaringen	Director	5.00	Director	$0	$0	$0
Irene Goldstein	Director	5.00	Director	$0	$0	$0
Lara Shayne	Director	5.00	Director	$0	$0	$0
Lisa Winger	Director	5.00	Director	$0	$0	$0
Erin Grodnick	Director	5.00	Director	$0	$0	$0
Ally Syperek	Director	5.00	Director	$0	$0	$0
Allison Szafranski	Director	5.00	Director	$0	$0	$0
Leslie Girote	Director	5.00	Director	$0	$0	$0
Gabrielle Vojtech	Director	5.00	Director	$0	$0	$0
Jenny Burrowes	Director	5.00	Director	$0	$0	$0
Marnie Schwartz	Director	5.00	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
2025	$692,896	$603,202	$257,253	$89,694
2024	No data	No data	No data	No data
2023	$567,799	$536,547	$154,910	$31,252
2022	$550,806	$551,407	$123,658	$-601
2021	$512,394	$512,323	$124,259	$71
2020	$567,710	$557,838	$274,465	$9,872

IMPACT GRANTS CHICAGO