COMMON MARKET GREAT LAKES INC

EIN: 922821897 501(c)(3) Food, Agriculture & Nutrition

CHICAGO, IL

Total Revenue
$480,264
Total Expenses
$801,229
Total Assets
$773,705
Net Assets
$-518,249
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
IL
Principal Officer
TATIANA GARCIA-GRANADOS
Phone
3124326575
Tax Period
2024-01-01 to 2024-12-31

COMMON MARKET GREAT LAKES INC, founded in 2023, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $480K in total revenue in fiscal year 2024. Revenue surged 235% from the prior year, signaling strong growth momentum. Expenses of $801K exceeded revenue, resulting in a 67% operating deficit.

Mission

THE ORGANIZATION IS A NON-PROFIT THAT DISTRIBUTES LOCAL AND SUSTAINABLY PRODUCED FOODS. THE ORGANIZATION'S PUBLIC PURPOSE IS TO IMPLEMENT EDUCATIONAL PROGRAMS THAT IMPROVE ACCESS TO LOCAL FOODS FOR RESIDENTS OF UNDERSERVED LOW INCOME COMMUNITIES; AND TO INFORM INSTITUTIONS AND BUSINESSES OF OPPORTUNITIES TO ADD VALUE TO LOCAL FARM PRODUCTS BY PROCESSING THEM FOR THEIR CONSTITUENTS AND CUSTOMERS. OUR PUBLIC PURPOSE IS TO ALSO ESTABLISH WHOLESALE DISTRIBUTION OF LOCALLY PRODUCED FARM PRODUCTS SO THAT THE SUPPLY OF LOCALLY PRODUCED FARM FOOD IS ASSURED. OUR MISSION IS TO CONNECT COMMUNITIES WITH GOOD FOOD FROM SUSTAINABLE FAMILY FARMS. WE STRIVE TO IMPROVE FOOD SECURITY, FARM VIABILITY AND COMMUNITY AND ECOLOGICAL HEALTH.

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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 $563,322
Program Service Revenue $0
Investment Income $0
Other Revenue $-83,058
TOTAL REVENUE $480,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,291
Fundraising Expenses $6,155
Program Expenses $318,164
Other Expenses $749,938
TOTAL EXPENSES $801,229

Year-over-Year Comparison

2024 2023 Change
Revenue $480,264 $143,264 +2.4%
Expenses $801,229 $320,645 +1.5%
Net Income $-320,965 $-177,381 +0.8%
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
13
Independent Members
9
Employees
28
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
4
$47,429
Total Directors
12
$696,381
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAILE JOHNSTON MEMBER 5.00
Director
$0 $0 $265,422
TATIANA GARCIA-GRANADOS MEMBER 5.00
Director
$0 $0 $259,072
HAROLD DUTTON MEMBER 5.00
Director
$0 $0 $171,887
DANIEL DAHIR EXECUTIVE DI 40.00
Officer
$47,429 $0 $47,429
SILVIA ABEL CAINES MEMBER 5.00
Director
$0 $0 $0
ALEX CANEPA MEMBER 5.00
Director
$0 $0 $0
NICHOLAS DAVIS MEMBER 5.00
Director
$0 $0 $0
KATHERINE GAJEWSKI SECRETARY 5.00
Officer Director
$0 $0 $0
LATOYIA HUGGINS MEMBER 5.00
Director
$0 $0 $0
MICHAEL LADIPO TREASURER 5.00
Officer Director
$0 $0 $0
GEETA MAKER-CLARK MEMBER 5.00
Director
$0 $0 $0
HANNAH NYHART MEMBER 5.00
Director
$0 $0 $0
RAGHELA SCAVUZZO CHAIR 5.00
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
2024 $480,264 $801,229 $773,705 $-320,965
2023 $143,264 $320,645 $877,859 $-177,381
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