LAW FIRM ANTIRACISM ALLIANCE INC

EIN: 853655248 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$129,882
Total Expenses
$384,376
Total Assets
$737,164
Net Assets
$711,421
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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
DE
Principal Officer
KATHLEEN WACH
Phone
2026265565
Tax Period
2024-07-01 to 2025-06-30

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.

Mission

SEE PART III, LINE 1.

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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 $129,882
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $129,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,426
Fundraising Expenses $0
Program Expenses $292,290
Other Expenses $269,950
TOTAL EXPENSES $384,376

Year-over-Year Comparison

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%
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
20
Independent Members
20
Employees
1
Volunteers
1135

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
6
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
1
reported
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
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
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
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