Athenaeum Center for Thought & Culture (EIN 853740683) - 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

3128206250

Tax Period

2023-01-01 to 2023-12-31

Athenaeum Center for Thought & Culture, founded in 2020, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.9M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $3.4M left a modest 12% surplus.

Mission

TO PROMOTE AND SUPPORT THE FINE ARTS, CULTURAL PROGRAMMING, AND SPIRITUAL DEVELOPMENT FOR CATHOLICS AND THE GENERAL PUBLIC IN CHICAGO, ILLINOIS.

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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 $1,544,214

Program Service Revenue $2,077,854

Investment Income $0

Other Revenue $307,839

TOTAL REVENUE $3,929,907

Expense Breakdown

Grants Paid $21

Salaries & Benefits $881,870

Fundraising Expenses $9,842

Program Expenses $2,704,553

Other Expenses $2,565,630

TOTAL EXPENSES $3,447,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,929,907	$8,705,728	-0.5%
Expenses	$3,447,521	$2,519,204	+0.4%
Net Income	$482,386	$6,186,524	-0.9%

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

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

$242,229

Total Directors

$177,229

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	EXECUTIVE DIRECTOR, TREASURER	40.0	Officer Director	$158,843	$18,386	$177,229
N/A	DIRECTOR, SECRETARY	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	ASSOCIATE DIRECTOR	40.0	Officer	$65,000	$0	$65,000

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	$3,929,907	$3,447,521	$7,506,010	$482,386
2022	$8,705,728	$2,519,204	$7,075,000	$6,186,524
2021	$1,281,015	$484,483	$877,552	$796,532

Athenaeum Center for Thought & Culture