UNITE HERE CHICAGO HOSPITALITY APP… - Form 990 Financial Data

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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

KAREN KENT

Phone

3127916344

Tax Period

2024-09-01 to 2025-08-31

UNITE HERE CHICAGO HOSPITALITY APPRENTICESHIP FUND, founded in 2017, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $887K, a strong 44% operating margin.

Mission

OUR MISSION IS TO UP-SKILL INCUMBENT HOSPITALITY PROFESSIONALS, BUILD NEW TALENT FOR THE HOSPITALITY INDUSTRY AND PLACE PEOPLE INTO UNIONIZED CAREER PATHWAYS THROUGH TRAINING PROGRAMS WHICH INCLUDE REGISTERED APPRENTICESHIPS. WE RECRUIT, TRAIN, AND RETAIN SKILLED EMPLOYEES AND PROVIDE ONGOING PROFESSIONAL DEVELOPMENT AND SUPPORT TO INDIVIDUALS IN THE CHICAGOLAND AREA, WHO WILL DELIVER HIGH QUALITY GUEST SERVICES TO OUR EMPLOYER PARTNERS AND TO THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $990,984 Revenue: $1,738,024

TO PROVIDE A WELL ROUNDED PROGRAM OF APPRENTICESHIP AND REFRESHER FOR PERSONS DESIRING TO BE EMPLOYED IN THE HOSPITALITY INDUSTRY.

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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 $307,641

Program Service Revenue $1,704,757

Investment Income $-28,187

Other Revenue $33,267

TOTAL REVENUE $2,017,478

Expense Breakdown

Grants Paid $1,619

Salaries & Benefits $496,947

Fundraising Expenses $0

Program Expenses $990,984

Other Expenses $631,783

TOTAL EXPENSES $1,130,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,017,478	$1,643,421	+0.2%
Expenses	$1,130,349	$1,085,621	+0.0%
Net Income	$887,129	$557,800	+0.6%

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

N/A

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

$140,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN KENT	TRUSTEE	2.00	Director	$0	$0	$0
DAN MILLER	TRUSTEE	2.00	Director	$0	$0	$0
SEAN ERIC CENTAZZO	TRUSTEE	0.20	Director	$0	$0	$0
NICHOLAS JORGENSEN	TRUSTEE	0.20	Director	$0	$0	$0
SHERYL MORRIS	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$133,973	$7,000	$140,973
MARK HARRISON	EXECUTIVE DIRECTOR	40.00	Officer	$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	$2,017,478	$1,130,349	$4,742,957	$887,129
2024	$1,643,421	$1,085,621	$3,674,053	$557,800
2023	$1,352,687	$991,725	$2,893,410	$360,962
2022	$993,753	$759,428	$2,461,756	$234,325
2021	$355,701	$379,594	$2,646,189	$-23,893
2020	$588,897	$201,712	$2,549,026	$387,185
2019	$1,063,351	$89,534	$2,132,820	$973,817
2018	$1,148,669	$13,952	$1,148,654	$1,134,717
2018	$1,148,669	$13,952	$1,148,654	$1,134,717

UNITE HERE CHICAGO HOSPITALITY APPRENTICESHIP FUND