URBAN INITIATIVES INC

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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

2003

Legal Domicile

Principal Officer

JAMES W DOWER

Phone

3127151763

Tax Period

2024-08-01 to 2025-07-31

URBAN INITIATIVES INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $8.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

SPORTS-BASED YOUTH DEVELOPMENT PROGRAMS TO ADDRESS EQUITY GAPS FOR CHICAGO STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $7,911,436 Revenue: $3,297,503

IN 2024-2025, UI PARTNERED WITH 86 SCHOOLS. WE CONTINUE TO DEEPEN OUR RELATIONSHIPS WITH LONG-TERM PARTNER SCHOOLS AND INTENTIONALLY EXPAND OUR NETWORK ACROSS THE CITY.

Program 2

WE CONTINUE TO DEVELOP WORKSHOPS AND PD EXPERIENCES FOR ADULT COACHES, PARENTS AND TEACHERS WHO WORK WITH CHICAGO YOUTH, MAKING SPACE TO DISCUSS STRATEGIES FOR BUILDING RESILIENCE AND HEALING THROUGH PLAY. THESE WORKSHOPS HAVE BEEN IN SUCH HIGH DEMAND THAT OUR TEAM HAS BUILD OUT VERSIONS OF THIS CONTENT FOR DIFFERENT TYPES OF ADULT GROUPS (PDS FOR TEACHERS IN SCHOOLS, WORKSHOPS FOR PARENTS SEEKING WAYS TO ENGAGE THEIR CHILDREN, TRAININGS FOR AFTER SCHOOL PROGRAM STAFF WHO WORK WITH YOUTH IN ACTIVE SETTINGS.

Program 3

WE ARE PROUD TO CONTINUE OUR WORK WITH THE DEPARTMENT OF FAMILY SUPPORT SERVICES (DFSS). IN 2024-2025, WE MAINTAINED OUR SCHOOL YEAR SERVICE GRANT, WHICH ALLOWED US TO REACH STUDENTS IN FOCUSED...

WE ARE PROUD TO CONTINUE OUR WORK WITH THE DEPARTMENT OF FAMILY SUPPORT SERVICES (DFSS). IN 2024-2025, WE MAINTAINED OUR SCHOOL YEAR SERVICE GRANT, WHICH ALLOWED US TO REACH STUDENTS IN FOCUSED NEIGHBORHOODS AROUND THE CITY WITH OUR AFTER SCHOOL SOCCER PROGRAM. WE ALSO HOSTED 75 HIGH SCHOOL YOUTH INTERNS FOR A 6 WEEK INTERNSHIP OVER THE SUMMER THROUGH THE CITY'S ONE SUMMER CHICAGO PROGRAM. WE ARE PROUD TO BE A LONG TERM PARTNER AGENCY TO DFSS AND WORK WITH THEM TO MEET EMERGING NEEDS THAT SERVE A BROAD RANGE OF YOUNG PEOPLE IN CHICAGO.

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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 $4,701,143

Program Service Revenue $3,297,503

Investment Income $7,418

Other Revenue $529,522

TOTAL REVENUE $8,535,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,367,100

Fundraising Expenses $410,547

Program Expenses $7,911,436

Other Expenses $2,440,574

TOTAL EXPENSES $9,073,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,535,586	$9,216,855	-0.1%
Expenses	$9,073,312	$8,890,138	+0.0%
Net Income	$-537,726	$326,717	-2.6%

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

379

Volunteers

500

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

$413,279

Total Directors

$211,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES W DOWER	Executive Dir.	40.00	Officer Director	$205,000	$6,150	$211,150
JULIE CHELOVICH-PERCONTE	Vice President	40.00	Officer	$200,000	$2,129	$202,129
TIFFANY WILSON-WASHINGTON	CHF PROG OFFCR	40.00		$122,079	$0	$122,079
DR MANUEL O ADRIANZEN	Director	2.00	Director	$0	$0	$0
SOLOMON BARNETT	Director	2.00	Director	$0	$0	$0
PETE CHERECWICH	Director	2.00	Director	$0	$0	$0
PATRICK CROKE	Director	2.00	Director	$0	$0	$0
THOMAS DAMMRICH	Director	2.00	Director	$0	$0	$0
EDDIE BUSTAMANTE	Director	2.00	Director	$0	$0	$0
PATRICK GALLAGHER	Director	2.00	Director	$0	$0	$0
ADOLFO HERNANDEZ	Director	2.00	Director	$0	$0	$0
RALF HILPUESCH	Director	2.00	Director	$0	$0	$0
NEIL HIRSHMAN	Director	2.00	Director	$0	$0	$0
JOY NELSON	Secretary	2.00	Officer Director	$0	$0	$0
DAVID MAHONEY	Treasurer	2.00	Officer Director	$0	$0	$0
KATE MCADAMS	Director	2.00	Director	$0	$0	$0
EDWIN MCDONALD	Director	2.00	Director	$0	$0	$0
DAVE MCGRANAHAN	Director	2.00	Director	$0	$0	$0
MICHAEL MCGREW	co-chair	2.00	Officer Director	$0	$0	$0
HABIB MOUDACHIROU	Director	2.00	Director	$0	$0	$0
SARAH NAIM	co-chair	2.00	Officer Director	$0	$0	$0
JASON PRITZKER	Director	2.00	Director	$0	$0	$0
DR JEN AXELROD	Director	2.00	Director	$0	$0	$0
ROSA RAMIREZ RICHTER	Director	2.00	Director	$0	$0	$0
CECE RICKETTS	Director	2.00	Director	$0	$0	$0
JONATHAN TAYLOR	Director	2.00	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	$8,535,586	$9,073,312	$4,369,193	$-537,726
2024	$9,216,855	$8,890,138	$4,754,774	$326,717
2023	$7,003,023	$7,434,863	$4,533,507	$-431,840
2022	$5,559,839	$4,686,449	$3,458,554	$873,390
2022	$6,990,767	$4,794,134	$4,797,299	$2,196,633
2021	$4,774,438	$3,583,204	$2,569,172	$1,191,234
2020	$3,992,494	$4,004,297	$1,474,102	$-11,803
2019	$4,273,836	$4,181,285	$1,413,496	$92,551
2018	$3,998,014	$3,943,975	$1,332,068	$54,039