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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

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.

Program Service Accomplishments

Program 1
Expenses: $292,290

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...

Read more

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LAW FIRM ANTIRACISM ALLIANCE INC with other nonprofits in Illinois and across the country.