FIREHOUSE COMMUNITY ARTS CENTER OF CHICAGO (EIN 861173412) - 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

2006

Principal Officer

LOLA JENKINS

Tax Period

2023-01-01 to 2023-12-31

FIREHOUSE COMMUNITY ARTS CENTER OF CHICAGO, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2023.

Mission

Firehouse Community Arts Center of Chicago was incorporated in Illinois and established for charitable purposes, seeking to uncover and develop the gifts and strengths of North Lawndales youth and adult residents. The Organization accomplishes its mission by offering daily mentoring and creative arts training to teens in a safe, nurturing environment. The Organization is supported primarily through grants from other Organizations and contributions from the general 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,044,125

Program Service Revenue $0

Investment Income $7,331

Other Revenue $0

TOTAL REVENUE $3,051,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,401,130

Fundraising Expenses $25,496

Program Expenses $1,465,050

Other Expenses $1,759,374

TOTAL EXPENSES $3,160,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,051,456	N/A	N/A
Expenses	$3,160,504	N/A	N/A
Net Income	$-109,048	N/A	N/A

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
FELECIA STANTON	Chairman	Director	$0	$0	$0
CHERESA PURNELL	Secretary	Director	$0	$0	$0
AARON CLUBB	BOARD MEMEBER	Director	$0	$0	$0
ERIC PEEBLES	BOARD DIRECTOR	Officer	$0	$0	$0
ANTHONY BUSH	Treasurer	Officer	$0	$0	$0
LOLA JENKINS	Executive Dir.	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
2023	$3,051,456	$3,160,504	$480,725	$-109,048
2022	$2,069,218	$2,286,176	$351,051	$-216,958
2021	$2,968,045	$3,158,023	$572,664	$-189,978
2020	$2,096,706	$1,750,393	$717,012	$346,313
2018	$1,080,343	$798,799	$530,368	$281,544

FIREHOUSE COMMUNITY ARTS CENTER OF CHICAGO