ALT SPACE CHICAGO (EIN 851575918) - 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

2020

Legal Domicile

Phone

3308192702

Tax Period

2023-01-01 to 2023-12-31

ALT SPACE CHICAGO, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $649K in total revenue in fiscal year 2023. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $285K, a strong 44% operating margin.

Mission

For those seeking positive change in the world, alt_ is a contagious, artist-led engine that undertakes tangible acts of service by using art and faith as tools for reinvesting in self-sufficient communities at a time when past and present injustices spur us to cillectively imagine our best future.

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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 $614,972

Program Service Revenue $0

Investment Income $0

Other Revenue $33,555

TOTAL REVENUE $648,527

Expense Breakdown

Grants Paid $17,852

Salaries & Benefits $107,917

Fundraising Expenses $6,909

Program Expenses $325,269

Other Expenses $237,496

TOTAL EXPENSES $363,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$648,527	$250,000	+1.6%
Expenses	$363,265	$47,398	+6.7%
Net Income	$285,262	$202,602	+0.4%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN CAMPBELL	President	10.00	Officer Director	$0	$0	$0
JOI FREEMAN	Director	10.00	Director	$0	$0	$0
CHRIS PAICELY	Vice President	10.00	Officer Director	$0	$0	$0
NORMAN TEAGUE	Treasurer	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	No data	No data	No data	No data
2023	$648,527	$363,265	$525,633	$285,262
2022	$250,000	$47,398	$240,371	$202,602

ALT SPACE CHICAGO