Beacon House

EIN: 941572781 501(c)(3)

Chicago, IL

Total Revenue
$35,290
Total Expenses
$112,457
Total Assets
$2,212,304
Net Assets
$2,191,651
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
CA
Principal Officer
Jeremy Klemanski
Phone
8313722334
Tax Period
2021-07-01 to 2022-06-30

Beacon House, founded in 1958, is a micro nonprofit that reported $35K in total revenue in fiscal year 2021. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $112K exceeded revenue, resulting in a 219% operating deficit.

Mission

Beacon House provides residential, outpatient, detoxification, relapse prevention and sober living rehabilitation programs for individuals with alcohol and drug addictions.

Program Service Accomplishments

Program 1
Expenses: $270 Revenue: $7,522

Beacon House ceased operations December 2020 and closed February 2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,360
Program Service Revenue $7,522
Investment Income $0
Other Revenue $25,408
TOTAL REVENUE $35,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,001
Fundraising Expenses $0
Program Expenses $270
Other Expenses $111,456
TOTAL EXPENSES $112,457

Year-over-Year Comparison

2021 2020 Change
Revenue $35,290 $1,423,106 -1.0%
Expenses $112,457 $2,224,539 -0.9%
Net Income $-77,167 $-801,433 -0.9%
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
10
Independent Members
9
Employees
N/A
Volunteers
10

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
6
$1,023,894
Total Directors
11
$1,023,894
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Thomas P Britton PhD President & CEO (Until 02/22) 1.00
Officer Director
$0 $44,967 $714,515
Marc C Turner Interim Pres. & CEO (As of 2/2022) 1.00
Officer Director
$0 $18,332 $309,379
Andy Smith Chairman 1.00
Officer Director
$0 $0 $0
Arla Lach Vice-Chairman 1.00
Officer Director
$0 $0 $0
Amalesh Sanku Treasurer 1.00
Officer Director
$0 $0 $0
France Pitera Secretary 1.00
Officer Director
$0 $0 $0
Sidney Bradley Director 1.00
Director
$0 $0 $0
Richard L Eichholz PhD Director 1.00
Director
$0 $0 $0
Warren Harrington Director 1.00
Director
$0 $0 $0
Sean Spowart Director 1.00
Director
$0 $0 $0
Ivy Walker Director 1.00
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
2022 $35,290 $112,457 $2,212,304 $-77,167
2021 $1,423,106 $2,224,539 $2,338,504 $-801,433
2020 $3,097,661 $3,575,909 $4,007,480 $-478,248
2019 $2,930,813 $3,498,272 $3,928,287 $-567,459
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