SOUTH SHORE NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 833190802) - 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

KELLY ANOE

Tax Period

2023-01-01 to 2023-12-31

SOUTH SHORE NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 2018, is a micro nonprofit in the Community Improvement sector that reported $86K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $126K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO SUPPORT LEGACY FOUNDATION, INC BY COLLABORATIVELY AND INNOVATIVELY BUILDING RESILIENT, ADAPTIVE, AND INCLUSIVE NEIGHBORHOODS; BRIDGE DIVIDES; AND INCREASE ECONOMIC PROSPERITY FOR ALL RESIDENTS IN ALL COMMUNITIES OF LAKE COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $75,633

Program Service Revenue $5,616

Investment Income $2,002

Other Revenue $2,992

TOTAL REVENUE $86,243

Expense Breakdown

Grants Paid $28,197

Salaries & Benefits $79,873

Fundraising Expenses $0

Program Expenses $125,911

Other Expenses $17,841

TOTAL EXPENSES $125,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,243	$111,470	-0.2%
Expenses	$125,911	$81,320	+0.5%
Net Income	$-39,668	$30,150	-2.3%

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

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

$135,931

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAREY YUKICH	CHAIR	0.50	Officer Director	$0	$0	$0
JOHN FREYEK	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
MATT DOYLE	TREASURER	0.50	Officer Director	$0	$0	$0
KARIMA HASAN BEY	SECRETARY	0.50	Officer Director	$0	$0	$0
JAMES DUNNE	DIRECTOR	0.50	Director	$0	$0	$0
SEAN EGAN	DIRECTOR	0.50	Director	$0	$0	$0
ALFREDO ESTRADA	DIRECTOR	0.50	Director	$0	$0	$0
LISA GOODNIGHT	DIRECTOR	0.50	Director	$0	$0	$0
GREGORY GORDON	IMMEDIATE PA	0.50	Director	$0	$0	$0
STEPHEN KAVOIS	DIRECTOR	0.50	Director	$0	$0	$0
GLORIA MORRIS	DIRECTOR	0.50	Director	$0	$0	$0
PAM OTT	DIRECTOR	0.50	Director	$0	$0	$0
VERLIE SUGGS	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN SZARLETA	DIRECTOR	0.50	Director	$0	$0	$0
PHIL TAILLON	DIRECTOR	0.50	Director	$0	$0	$0
CHELSEA WHITTINGTON	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD YOUNG	DIRECTOR	0.50	Director	$0	$0	$0
SHERRI ZILLER	DIRECTOR	0.50	Director	$0	$0	$0
KELLY ANOE	PRESIDENT	0.50	Officer	$0	$5,112	$135,931

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	No data	No data	No data	No data
2023	$86,243	$125,911	$270,439	$-39,668
2022	$111,470	$81,320	$307,547	$30,150
2021	$359,280	$82,444	$277,388	$276,836
2020	No data	No data	No data	No data

SOUTH SHORE NEIGHBORHOOD DEVELOPMENT CORPORATION