NEIGHBORS FOR A BETTER LAKEVIEW

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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

2018

Legal Domicile

Principal Officer

PHILLIP GOLDBERG

Phone

3128324549

Tax Period

2020-01-01 to 2020-12-08

NEIGHBORS FOR A BETTER LAKEVIEW, founded in 2018, is a micro nonprofit that reported $8K in total revenue in fiscal year 2020. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE MISSION OF THE CORPORATION IS TO PROMOTE SECURITY, EDUCATION, PARKS, AND OPEN SPACE IN THE LAKEVIEW NEIGHBORHOOD OF CHICAGO, IL, INCLUDING RESPONSIBLE GOVERNANCE AND PROMOTION OF THE QUALITY OF LIFE AND OTHER ISSUES OF IMPORTANCE TO RESIDENTS AND BUSINESSES IN AND VISITORS TO CHICAGO'S LAKEVIEW COMMUNITY.

Program Service Accomplishments

Program 1

USING GRASSROOTS ORGANIZING TACTICS AND NEIGHBOR TO NEIGHBOR INTERACTION, WE WORKED ON THE ISSUES FACING OUR COMMUNITY TO ENSURE EVERY VOICE IS HEARD AND NO PROBLEM IS IGNORED. THROUGH OUR ACTIVITIES WE WORKED TO INCREASE PUBLIC SAFETY AWARENESS, INCREASE CIVIC ENGAGEMENT, AND ADVOCATE FOR IMPROVEMENTS TO WATER QUALITY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $8,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $10,813

TOTAL EXPENSES $10,813

Year-over-Year Comparison

	2020	2019	Change
Revenue	$8,500	$110,000	-0.9%
Expenses	$10,813	$180,930	-0.9%
Net Income	$-2,313	$-70,930	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
PHILLIP GOLDBERG	VICE PRESIDENT	Officer Director	$0	$0	$0
JEREMY GOTTSCHALK	PRESIDENT	Officer Director	$0	$0	$0
DARYL MAH THOMANN	DIRECTOR	Director	$0	$0	$0
MARISA KOLLIAS	DIRECTOR	Director	$0	$0	$0
CLETA MITCHELL	SECRETARY	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
2020	$8,500	$10,813	No data	$-2,313
2019	$110,000	$180,930	$2,313	$-70,930
2018	$690,875	$617,632	$73,243	$73,243