Fulton Market Association
Nonprofit profile at a glance
- EIN
- 364070036
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Chicago, IL, USA
- Phone
- 7735316370
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $49,819
- Expenses
- $41,921
- Assets
- $39,148
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Roger Romanelli (Executive Director)
People named in this filing
- Jeff Facklis (Director)
- Jay Spainhour (Director)
- Aesha Muhammad El Amin (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
1 Community based economic development services provided to Chicago businesses, property owners, residents, social service agencies and other community actors working in conjunction with government officials to improve the safety, functionality and economic prosperity of the service area that includes low-income census tracts 2 Assist family-owned businesses, corporations and commercial property owners to remain and expand their enterprises in the service areas and collaborate with federal, state, county and city government officials 3 Assisted needy residents to solve their personal challenges working with social service agencies and government agencies 4 Assist all community partners to collaborate with government law enforcement agencies to ensure maximum public safety
What it reported doing in 2024
Public safety: Worked with government law enforcement agencies, businesses, property owners, residents and community partners to promote maximum public safety Business retentions and expansions: Worked with hundreds of businesses and business interests to solve their challenges and help them to grow and retain or expand jobs Public way improvements: Worked with government agencies, business interests, residents and others to improve Chicago cleanliness and functionality Economic development growth: Worked with real estate interests, community partners and government officials to promote new economic growth for Chicago
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 70% for direct work, and 30% for grants.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 17
- Transparency & Controls: 82
- Sustainability: 54
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16.2%; rating input score 16
- Program expense ratio: 19.2%; rating input score 19
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 15.9%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 75.1%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 12.9% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: -9.8% per year; rating input score 0; 24th percentile among comparable filings
- Asset growth: -10.5% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 16.2% of revenue deployed · 19.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $8K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 16/100.
- High — Financial Efficiency: Program expense ratio scored 19/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Officer compensation ratio scored 1/100.