INHERENTANCE

EIN: 920494692 501(c)(3) Philanthropy & Grantmaking

CHICAGO, IL

Total Revenue
$757,345
Total Expenses
$607,229
Total Assets
$200,116
Net Assets
$200,116
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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
IL
Principal Officer
TIM SWANSON
Phone
3129299935
Tax Period
2024-01-01 to 2024-12-31

INHERENTANCE, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $757K in total revenue in fiscal year 2024. Revenue surged 440% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 20% operating margin.

Mission

PROVIDES CAREER DEVELOPMENT FOR THE NEXT GENERATION OF WELL-ROUNDED TRADE PROFESSIONALS

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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 $757,345
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $757,345

Expense Breakdown

Grants Paid $584,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $606,500
Other Expenses $23,229
TOTAL EXPENSES $607,229

Year-over-Year Comparison

2024 2023 Change
Revenue $757,345 $140,213 +4.4%
Expenses $607,229 $190,213 +2.2%
Net Income $150,116 $-50,000 -4.0%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$249,149
Total Directors
3
$249,149
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM SWANSON PRESIDENT 0.10
Officer Director
$0 $4,850 $120,039
ERIN GUNNING VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
SONIA DEL REAL SECRETARY 0.10
Officer Director
$0 $5,825 $129,110
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 $757,345 $607,229 $200,116 $150,116
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