BETTER CHICAGO FUTURE INC

EIN: 884188866

BETHESDA, MD

Total Revenue
$932,500
Total Expenses
$1,229,662
Total Assets
N/A
Net Assets
N/A
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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
2022
Legal Domicile
DE
Principal Officer
JON HABER
Phone
4844325290
Tax Period
2023-01-01 to 2023-12-31

BETTER CHICAGO FUTURE INC, founded in 2022, is a small nonprofit that reported $932K in total revenue in fiscal year 2023. Revenue surged 187% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PROMOTE AND CULTIVATE PUBLIC INTEREST ON CRIME, EDUCATION, LEADERSHIP IN GOVERNMENT AND OTHER ISSUES IMPACTING SOCIAL WELFARE.

Program Service Accomplishments

Program 1
Expenses: $661,616

PROMOTE PUBLIC INTEREST ON CRIME, EDUCATION, LEADERSHIP IN GOVERNMENT AND OTHER ISSUES IMPACTING SOCIAL WELFARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $932,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $932,500

Expense Breakdown

Grants Paid $117,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,225,512
Other Expenses $1,112,162
TOTAL EXPENSES $1,229,662

Year-over-Year Comparison

2023 2022 Change
Revenue $932,500 $325,000 +1.9%
Expenses $1,229,662 $27,838 +43.2%
Net Income $-297,162 $297,162 -2.0%
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
2
Independent Members
2
Employees
N/A
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON HABER TREASURER 2.00
Officer Director
$0 $0 $0
NATHAN HOFFMAN PRESIDENT 1.00
Officer Director
$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 $932,500 $1,229,662 No data $-297,162
2022 $325,000 $27,838 $297,162 $297,162
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