GO CHI LIFE

EIN: 934558556 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$796,753
Total Expenses
$904,707
Total Assets
$106,674
Net Assets
$106,674
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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
EUGENIA BROWN
Phone
3126711502
Tax Period
2024-01-01 to 2024-12-31

GO CHI LIFE, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $797K in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. Expenses of $905K exceeded revenue, resulting in a 14% operating deficit.

Mission

GOCHILIFE BUILDS PUBLIC-PRIVATE PARTNERSHIPS, COLLABORATES AND PARTNERS WITH CIVIC LEADERS AS WELL AS PHILANTHROPIC ORGANIZATIONS TO SHOWCASE THE BEST OF CHICAGO.THROUGH FOSTERING THESE PARTNERSHIPS, GOCHILIFE ENHANCES THE EXPOSURE AND EXPERIENCE LOCAL RESIDENTS HAVE TO EVENTS THROUGHOUT THE CITYS DIVERSE NEIGHBORHOODS WHILE HELPING TO ATTRACT NEW AND CREATIVE ACTIVATIONS THAT SHOWCASE OUR CITYS RICH CULTURE, UNMATCHED PHYSICAL LANDSCAPE AND GREATEST ASSETOUR RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $115,156

NEW YEARS EVE EVENT: THIS EVENT IS A WAY TO PROVIDE AN INCLUSIVE OPPORTUNITY FOR LOCAL RESIDENTS TO BE ENGAGED IN SOME OF OUR LARGER CULTURAL EVENTS AND EXPERIENCES.

Program 2
Expenses: $356,542

DNC SOLDIER FIELD: THE DNC EVENT AT SOLDIER FIELD WAS AN EFFORT TO PROVIDE LOCAL RESIDENTS WITH FREE ACCESS TO SOLDIER FIELD, THE OPPORTUNITY TO ENJOY A LOCAL SHOW OR ARTIST, AND THE CHANCE TO VIEW...

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DNC SOLDIER FIELD: THE DNC EVENT AT SOLDIER FIELD WAS AN EFFORT TO PROVIDE LOCAL RESIDENTS WITH FREE ACCESS TO SOLDIER FIELD, THE OPPORTUNITY TO ENJOY A LOCAL SHOW OR ARTIST, AND THE CHANCE TO VIEW LOCAL PROGRAMMING ON LARGE SCREENS.

Program 3
Expenses: $48,265

NEIGHBORHOOD BLOCK PARTY: THIS ACTIVATION WAS BROUGHT TO THE LOCAL COMMUNITY IN RESPONSE TO NEIGHBORHOODS SEEKING ENGAGEMENT AND INCLUSION WITHIN THE LARGER ECOSYSTEM. THE EVENT OFFERED FREE...

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NEIGHBORHOOD BLOCK PARTY: THIS ACTIVATION WAS BROUGHT TO THE LOCAL COMMUNITY IN RESPONSE TO NEIGHBORHOODS SEEKING ENGAGEMENT AND INCLUSION WITHIN THE LARGER ECOSYSTEM. THE EVENT OFFERED FREE ACTIVITIES FOR CHILDREN, LIVE MUSIC, FOOD, AND EXPERIENCES FOR ADULTSALL AT NO COST.

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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 $796,753
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $796,753

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $904,707
Other Expenses $904,707
TOTAL EXPENSES $904,707

Year-over-Year Comparison

2024 2023 Change
Revenue $796,753 $356,000 +1.2%
Expenses $904,707 $141,372 +5.4%
Net Income $-107,954 $214,628 -1.5%
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ANDERSON DIRECTOR 10.00
Director
$0 $0 $0
TAMIA LITTLE DIRECTOR 10.00
Director
$0 $0 $0
EUGENIA BROWN DIRECTOR/ PR 10.00
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
2024 $796,753 $904,707 $106,674 $-107,954
2023 $356,000 $141,372 $214,628 $214,628
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