SHERLAKE CULTURAL CENTER

EIN: 825308264 501(c)(3) Education

CHICAGO, IL

Total Revenue
$353,592
Total Expenses
$333,892
Total Assets
$1,359,314
Net Assets
$1,148,565
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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
IL
Principal Officer
SOMARLY LIRA
Phone
7736312946
Tax Period
2024-01-01 to 2024-12-31

SHERLAKE CULTURAL CENTER, founded in 2018, is a small nonprofit in the Education sector that reported $354K in total revenue in fiscal year 2024. Expenses of $334K left a modest 6% surplus.

Mission

TO STRENGTHEN WOMEN TO PLAY AN INTEGRAL ROLE IN SHAPING THEIR FAMILIES, WORKPLACES & CIVILIZATION.

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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 $117,443
Program Service Revenue $236,875
Investment Income $1,232
Other Revenue $-1,958
TOTAL REVENUE $353,592

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,317
Fundraising Expenses $0
Program Expenses $323,872
Other Expenses $271,575
TOTAL EXPENSES $333,892

Year-over-Year Comparison

2024 2023 Change
Revenue $353,592 $354,736 0.0%
Expenses $333,892 $326,276 +0.0%
Net Income $19,700 $28,460 -0.3%
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
11
Independent Members
11
Employees
3
Volunteers
75

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
5
$2,310
Total Directors
12
$21,703
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA CLEVELAND DIRECTOR (THRU OCT 2024) 30.00
Director
$10,716 $8,677 $19,393
MARY BETH HAGAN EXECUTIVE DIRECTOR 30.00
Officer Director
$0 $2,310 $2,310
MARY PAT FAHY SECRETARY 2.00
Officer Director
$0 $0 $0
SOMARLY LIRA PRESIDENT 2.00
Officer Director
$0 $0 $0
MAUREEN KIERNAN TREASURER 1.00
Officer Director
$0 $0 $0
MARGO BUEHRER DIRECTOR 30.00
Director
$0 $0 $0
GAYLE CLARK DIRECTOR 0.25
Director
$0 $0 $0
KATHY SALVI DIRECTOR 0.25
Director
$0 $0 $0
STEPHANIE HITT DIRECTOR 0.25
Director
$0 $0 $0
PATRICIA LECHNER DIRECTOR 0.25
Director
$0 $0 $0
LAURA ROMAN DIR OF FINANCE (SINCE OCT 2024) 5.00
Director
$0 $0 $0
JULIE BARDER EXECUTIVE DIRECTOR (SINCE OCT 2024) 10.00
Officer 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
2024 $353,592 $333,892 $1,359,314 $19,700
2023 $354,736 $326,276 $1,344,098 $28,460
2022 $295,984 $289,304 $1,319,921 $6,680
2021 $1,325,621 $291,481 $1,317,303 $1,034,140
2020 $240,146 $221,226 $59,585 $18,920
2019 $299,729 $274,629 $40,665 $25,100
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