The Digs Chicago

EIN: 853163773 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$263,945
Total Expenses
$252,653
Total Assets
$66,272
Net Assets
$64,412
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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
IL
Phone
2244063375
Tax Period
2024-01-01 to 2024-12-31

The Digs Chicago, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $264K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $253K left a modest 4% surplus.

Mission

To fill a supportive role for Chicago artists through the circulation of knowledge and connection through the support of individual practice and entrepreneurial spirit.

Program Service Accomplishments

Program 1
Expenses: $168,499

Provided affordable studio space, classes, and events for artists and the public.

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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 $185,724
Program Service Revenue $78,221
Investment Income $0
Other Revenue $0
TOTAL REVENUE $263,945

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,975
Fundraising Expenses $0
Program Expenses $168,499
Other Expenses $142,678
TOTAL EXPENSES $252,653

Year-over-Year Comparison

2024 2023 Change
Revenue $263,945 $194,966 +0.4%
Expenses $252,653 $173,948 +0.5%
Net Income $11,292 $21,018 -0.5%
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
3
Independent Members
N/A
Employees
3
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
3
$92,730
Total Directors
2
$92,730
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zoe Minzenberger Director 40.00
Officer Director
$47,530 $0 $47,530
Fawn Penn Director 40.00
Officer Director
$45,200 $0 $45,200
Rebecca Berneck Treasurer 1.00
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 $263,945 $252,653 $66,272 $11,292
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