Vertice Corporation for Local Development

Nonprofit profile at a glance

EIN
863099286
IRS 990-EZ coverage
2022–2025
Forms available
Form 990-EZ 2025, Form 990-N 2021
Location
Chicago, IL, USA
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$149,921
Expenses
$150,539
Assets
$4,624

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Sonia Carolina Torres Lopez (President and Board of Directors Chair)

People named in this filing

  • Sonia Carolina Torres Lopez (President and Board of Directors Chair)
  • Nicholas Kryczka (Secretary and Director)
  • Evan Trowbridge (Treasurer and 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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organizations primary exempt purposes are: charitable benevolent eleemosynary social and educational purposes according to section 103.05a of the State of Illinoiss General Not for Profit Act. Per our bylaws Vertice promotes food security exploration of alternative educational models entrepreneurship and any other activities related to local community development.

What it reported doing in 2025

Vertice was forced to wind down its activities in Guinea due to administrative challenges Guinean government unable to manage NGO registrations and logistical challenges the neighborhood where most of our beneficiaries lived was torn down by the local and national government in collusion with corrupt businesspeople. This winding down implied large costs to provide proper severance to longtime employees. We also invested resources to rehab a new physical structure that can serve as our base of operations if we are able to resume.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.8%; rating input score 100
  • Program expense ratio: 99.4%; rating input score 99

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -0.4%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 37.2% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 31.4% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 15.5% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 99.8% of revenue deployed · 99.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 5 filed program accomplishments · $150K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.