LETTERS CHARITY (EIN 832013132) - 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

2018

Legal Domicile

Principal Officer

HEATHER WHINNA

Phone

6462795764

Tax Period

2024-01-01 to 2024-12-31

POVERTY ALLEVIATION CHICAGO, founded in 2018, is a small nonprofit in the Human Services sector that reported $568K in total revenue in fiscal year 2019. The organization ran a surplus of $117K, a strong 21% operating margin.

Mission

TO USE ART AS A CONDUIT TO TRANSFORM PASSIVE COMPASSION INTO IMMEDIATE ASSISTANCE THROUGH THE DISTRIBUTION OF MONEY GIVEN, WITHOUT EXPECTATION OR JUDGEMENT, DIRECTLY TO FAMILIES SUFFERING POVERTY.

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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 $439,979

Program Service Revenue $0

Investment Income $0

Other Revenue $35,074

TOTAL REVENUE $475,053

Expense Breakdown

Grants Paid $212,344

Salaries & Benefits $159,327

Fundraising Expenses $72,699

Program Expenses $271,281

Other Expenses $39,499

TOTAL EXPENSES $411,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$475,053	$382,509	+0.2%
Expenses	$411,170	$364,587	+0.1%
Net Income	$63,883	$17,922	+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

Volunteers

100

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

$56,544

Total Directors

$149,552

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER WHINNA	PRESIDENT/EXECUTIVE DIRECT	40.00	Officer Director	$56,544	$0	$56,544
HOLLY LEWIS	DIRECTOR OF FINANCE & OPER	40.00	Director	$69,050	$23,958	$93,008
FRED ARMISEN	DIRECTOR	0.25	Director	$0	$0	$0
ASHLEY NICOLE BLACK	DIRECTOR	0.25	Director	$0	$0	$0
EDGAR BLACKMON	DIRECTOR	0.25	Director	$0	$0	$0
ALEXANDER BURKE	DIRECTOR	0.25	Director	$0	$0	$0
JENNIFER CANDY	DIRECTOR	0.25	Director	$0	$0	$0
KIRK CRENSHAW	DIRECTOR	0.25	Director	$0	$0	$0
CHELSEA DEVANTEZ	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT GOLDSTEIN	DIRECTOR	0.25	Director	$0	$0	$0
SHANTIRA JACKSON	DIRECTOR	0.25	Director	$0	$0	$0
TJ JAGODOWSKI	DIRECTOR	0.25	Director	$0	$0	$0
LIZ KOZAK	DIRECTOR	0.25	Director	$0	$0	$0
KATE LAMBERT	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL E MORDEN	DIRECTOR	0.25	Director	$0	$0	$0
BRAD MORRIS	DIRECTOR	0.25	Director	$0	$0	$0
RASHIDA OLAYIWOLA	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS REDD	DIRECTOR	0.25	Director	$0	$0	$0
KATIE RICH	DIRECTOR	0.25	Director	$0	$0	$0
SAM RICHARDSON	DIRECTOR	0.25	Director	$0	$0	$0
AMBER RUFFIN	DIRECTOR	0.25	Director	$0	$0	$0
SPENCER TWEEDY	DIRECTOR	0.25	Director	$0	$0	$0
DREW HESTER	TREASURER	0.25	Officer	$0	$0	$0
JESSE CANNADY	SECRETARY	0.25	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
2024	$475,053	$411,170	$214,605	$63,883
2023	$382,509	$364,587	$173,818	$17,922
2022	$369,035	$396,219	$181,536	$-27,184
2021	$307,202	$291,525	$125,469	$15,677
2020	$218,694	$249,771	$135,617	$-31,077
2019	$568,110	$451,020	$165,592	$117,090

LETTERS CHARITY