CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAW FIRM ANTIRACISM ALLIANCE INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $130K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $384K exceeded revenue, resulting in a 196% operating deficit.
TO AMPLIFY THE VOICES OF COMMUNITIES AND INDIVIDUALS IMPACTED BY RACISM, TO BETTER USE THE LAW AS A VEHICLE FOR CHANGE THAT BENEFITS COMMUNITIES OF COLOR, AND TO PROMOTE RACIAL EQUITY IN THE LAW.
FROM ITS FIRST DAYS IN THE SUMMER OF 2020, THE LFAA RECOGNIZED THE NECESSITY OF ESTABLISHING STRONG CONNECTIONS WITH LEGAL SERVICES PROVIDERS IN EACH REGION OF THE NATION. THESE ORGANIZATIONS HAVE...
FROM ITS FIRST DAYS IN THE SUMMER OF 2020, THE LFAA RECOGNIZED THE NECESSITY OF ESTABLISHING STRONG CONNECTIONS WITH LEGAL SERVICES PROVIDERS IN EACH REGION OF THE NATION. THESE ORGANIZATIONS HAVE BEEN WORKING IN POVERTY LAW AND CIVIL RIGHTS, WITH VARYING DEGREES OF EXPLICIT FOCUS ON THE RACIAL JUSTICE ASPECT OF THEIR WORK. OVER 6 MONTHS, WE CONVENED NUMEROUS REGIONAL MEETINGS WITH LEGAL SERVICES PROVIDERS TO INTRODUCE THE LFAA, EXPLAIN OUR MISSION, AND SEEK INPUT FROM THE NGOS ABOUT THEIR OWN ANTIRACIAL EFFORTS AND THEIR THOUGHTS ABOUT THE WORK TO BE DONE. AS AN ONGOING PROGRAM, LFAA OFFERS PERIODIC SUMMITS TO BRING TOGETHER OUR ALLIANCE FIRMS FOR STRATEGIC DISCUSSIONS MODERATED BY EXPERTS ABOUT ANTIRACISM PRINCIPLES AND CRITICAL ISSUES RELATED TO SYSTEMIC RACISM AND RACIAL EQUITY. SUMMITS PROVIDE ALLIANCE FIRMS WITH OPPORTUNITIES TO LEARN FROM LEGAL SERVICES ORGANIZATIONS, COMMUNITY-BASED NONPROFITS, POLICYMAKERS, GOVERNMENT OFFICIALS, PEOPLE WITH LIVED EXPERIENCE, AND OTHER STAKEHOLDERS.LFAA'S INAUGURAL SUMMIT WAS HOSTED IN JULY 2020, AND SUBSEQUENT SUMMITS HAVE BEEN HELD IN OCTOBER 2020, AND IN DECEMBER OF 2021, 2022, 2023 AND 2024. EACH OF THESE SUMMITS (WHICH ARE TWO DAYS IN LENGTH) HAVE FEATURED SPEAKERS AND PANEL DISCUSSION EXPLORING TOPICS OF RACISM AND LEGAL REMEDIES. OUR 19 SUBJECT-MATTER WORKING GROUPS, WHOSE FOCUS COVERS AREAS SUCH AS POLICING, EDUCATION, AND HOUSING, HAVE MET REGULARLY AND GENERATED DOZENS OF DISCRETE LEGAL PROJECTS POSTED ON OUR LFAA BULLETIN BOARD AND TAKEN ON PRO BONO BY OUR 300+ ALLIANCE FIRMS. ADDITIONALLY, THE WORKING GROUPS HELD EVENTS FOCUSED ON SYSTEMIC ISSUES WITHIN THEIR RESPECTIVE SUBJECT MATTERS. THE LFAA HAS CONTINUED TO GROW ITS LIBRARY, WHICH SERVES AS THE ORGANIZATION'S RESEARCH AND REPORT REPOSITORY. IT IS A SEARCHABLE DATABASE THAT HOUSES LEGAL RESEARCH AND FACT-BASED DATA AND ANALYSIS RESULTING FROM WORKING GROUPS ANDS PRO BONO OPPORTUNITIES. MOST OF THE WORK PRODUCT HAS BEEN DRIVEN BY LEGAL SERVICES AND PUBLIC INTEREST ORGANIZATIONS. THE LIBRARY IS CONTINOUSLY UPDATED WITH NEW MATERIALS. WHILE THE ABOVE SHOWCASES THE ADVANCES MADE BY THE LFAA, THERE ARE MORE INITIATIVES BEING UNDERTAKEN TO CONTINUE THE ORGANZATION'S GROWTH AND REACH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $129,882 | $311,079 | -0.6% |
| Expenses | $384,376 | $383,244 | +0.0% |
| Net Income | $-254,494 | $-72,165 | +2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRENNA DEVANEY | CO-PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIANE LUCAS | CO-PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KORI CAREW | CO-VICE PRESIDENTS | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TED HOWARD | CO-VICE PRESIDENTS | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEN WEINBERG | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KITTY WACH | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIISHA MORROW | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ROSALYN NASDOR | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JEFF BERMAN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| HEIDI NAASKO | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN JOHNSON | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL KIERNAN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID LASH | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| HARLENE KATZMAN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL LEE | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT HOVER | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM CHAPMAN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TAMARA CALDAS | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVE SCHULMAN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| GINA DELCHIARO | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| GUERBY NOEL | OPERATIONS MANAGER | 40.00 |
Highest
|
$108,864 | $1,784 | $110,648 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $129,882 | $384,376 | $737,164 | $-254,494 |
| 2024 | $311,079 | $383,244 | $977,785 | $-72,165 |
| 2023 | $289,403 | $228,481 | $1,043,110 | $60,922 |
| 2022 | $266,324 | $68,257 | $254,146 | $198,067 |
Compare LAW FIRM ANTIRACISM ALLIANCE INC with other nonprofits in Illinois and across the country.