Civic Intelligence

Operation Walk Chicago

990 • Fiscal year 2020 • EIN 47-3148545

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

PO Box 7402Buffalo Grove, IL 60089

(312) 475-5613

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.02x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.04x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

15th percentile

-23%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

11th percentile

-12%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-49%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$606,263

Down $80,000 (-12%) from 2019

Net Assets

Down

$596,100

Down $54,623 (-8.4%) from 2019

Liabilities

Down

$10,163

Down $25,377 (-71%) from 2019

Revenue

Down

$254,597

Down $247,669 (-49%) from 2019

Expenses

Down

$312,930

Down $192,789 (-38%) from 2019

Net Income

Down

-$58,333

Down $54,880 (-1589%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2015: $216,857Liabilities 2015: $397Net Assets 2015: $216,4602015Assets 2016: $231,234Liabilities 2016: $7,037Net Assets 2016: $224,1972016Assets 2017: $590,376Liabilities 2017: $2,607Net Assets 2017: $587,7692017Assets 2018: $711,821Liabilities 2018: $61,815Net Assets 2018: $650,0062018Assets 2019: $686,263Liabilities 2019: $35,540Net Assets 2019: $650,7232019Assets 2020: $606,263Liabilities 2020: $10,163Net Assets 2020: $596,1002020Assets 2021: $777,205Liabilities 2021: $42,352Net Assets 2021: $734,8532021Assets 2022: $1,036,402Liabilities 2022: $3,307Net Assets 2022: $1,033,0952022Assets 2023: $1,210,209Liabilities 2023: $30,803Net Assets 2023: $1,179,4062023Assets 2024: $1,292,131Liabilities 2024: $42,980Net Assets 2024: $1,249,1512024

Highlighted filing

2020

Assets$606,263
Liabilities$10,163
Net Assets$596,100

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $662,118Expenses 2015: $445,658Net Income 2015: $216,4602015Revenue 2016: $489,830Expenses 2016: $482,093Net Income 2016: $7,7372016Revenue 2017: $619,865Expenses 2017: $417,441Net Income 2017: $202,4242017Revenue 2018: $390,925Expenses 2018: $327,588Net Income 2018: $63,3372018Revenue 2019: $502,266Expenses 2019: $505,719Net Income 2019: -$3,4532019Revenue 2020: $254,597Expenses 2020: $312,930Net Income 2020: -$58,3332020Revenue 2021: $215,493Expenses 2021: $76,740Net Income 2021: $138,7532021Revenue 2022: $591,856Expenses 2022: $293,614Net Income 2022: $298,2422022Revenue 2023: $738,029Expenses 2023: $595,808Net Income 2023: $142,2212023Revenue 2024: $586,943Expenses 2024: $568,952Net Income 2024: $17,9912024

Highlighted filing

2020

Revenue$254,597
Expenses$312,930
Net Income-$58,333
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$290,231
Mission and Program Overview

Mission

The mission of operation walk chicago is to improve the quality of life of disadvantaged patients around the world through reducing disability from advanced joint disease. Operation walk chicago seeks to achieve this goal by: providing joint replacement and rehabiliation services to disadvantaged patients around the world; educating local orthopedic surgeons and their healthcare teams; and assisting in-country healthcare systems develop public health and patient care.

To improve the quality of life of disadvantaged patients.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$362,329$410,407▲ $48,078
Cash and Non-Interest-Bearing Accounts$208,610$153,423▼ $55,187
Prepaid Expenses and Deferred Charges$67,314--
Accounts Receivable$30,000--
Pledges and Grants Receivable-$21,280-
Investments in Publicly Traded Securities$16,970$20,680▲ $3,710
Land, Buildings, and Equipment, Net$1,040$473▼ $567
Total Assets$686,263$606,263▼ $80,000
Liabilities
Accounts Payable and Accrued Expenses$35,540$10,163▼ $25,377
Total Liabilities$35,540$10,163▼ $25,377
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$640,723$571,100▼ $69,623
Net Assets With Donor Restrictions$10,000$25,000▲ $15,000
Total Net Assets Fund Balance$650,723$596,100▼ $54,623
Total Liabilities and Net Assets / Fund Balance$686,263$606,263▼ $80,000

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$473$2,362$2,835
Compensation and Service Providers

Board Members and Trustees

NameTitle
David StulbergPresident
Victoria BranderVice President
Cynthia Horwath GarbuttDirector
David ZyerDirector
Joseph MulcahyDirector
Kiran Chekka MDDirector
Lalit Puri MDDirector
Margot S BowenDirector
Mark KaufmanDirector
Penne SilvermanDirector
William Gilligan MDDirector
Sophie SauserExecutive Director
Jane GuzmanAccounting & Finance Direc
Robert WhiteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$290,015
Program Service Revenue
$0
Investment Income
$216
Other Revenue
$-35,634
All Other Contributions
$220,427
Change in Net Assets
$-58,333

Audited Revenue Reconciliation

Revenue per Audited Statements
$254,297
Revenue Not Reported on Financial Statements
$300
Revenue Not Reported on Form 990
$181,210
Total Revenue per Audited Statements
$435,507
Total Revenue per Form 990
$254,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,068
Salaries, Compensation, and Employee Benefits$87,862
Total Fundraising Expense$44,098
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$110,205--$110,205
Current Officers, Directors, Trustees, and Key Employees$38,570$22,950$26,342$87,862
Advertising--$16,665$16,665
Fees for Services Accounting-$7,000-$7,000
Insurance-$4,818-$4,818
Office Expenses$1,597$951$1,091$3,639
Depreciation Depletion$567--$567
Other Expenses$7,966$503-$503
All Other Expenses-$367-$367
Fees for Service Investment Mgmnt Fees-$300-$300
Total Functional Expenses$231,943$36,889$44,098$312,930

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$490,130
Total Expenses per Form 990$312,930
Expenses per Audited Statements$312,630
Expenses Not Reported on Form 990$177,500
Expenses Not Reported on Financial Statements$300
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$35,634
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$69,588-$35,634-
Total Events$69,588-$35,634$-35,634
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Board of Directors reviews the Form 990 prior to its filing.

Form 990, Part VI, Section B, line 12C

The Organization requires an annual assessment of any potential conflicts or interest.

Form 990, Part VI, Section C, line 18

The Organization makes its Form 1023 and 990 available to the public upon request.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Operation Walk Chicago
EIN
47-3148545
Phone
3124755613
Address
PO Box 7402, Buffalo Grove, IL 60089

Signing Officer

Name
Robert White
Title
Accounting & Finance Director
Phone
3124755613
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Guzman
Formed
2012
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
50

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S WESTERN AVENUE, CHICAGO, IL 60643-3206
Preparer
Jason L Gierhahn
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part XII, line 2C:

The process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

Operation Walk Chicago was granted an exemption from federal income tax by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). Operation Walk qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private foundation under Section 509(a)(1). Management believes Operation Walk operates in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements.

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IRS990/OtherExpensesGrp/ProgramServicesAmt061866
IRS990/OtherExpensesGrp/ProgramServicesAmt111172
IRS990/OtherExpensesGrp/ProgramServicesAmt27966
IRS990/OtherExpensesGrp/TotalAmt061866
IRS990/OtherExpensesGrp/TotalAmt111172
IRS990/OtherExpensesGrp/TotalAmt27966
IRS990/OtherExpensesGrp/TotalAmt3503
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt021280
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067314
IRS990/PrincipalOfficerNm0Jane Guzman
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0394615
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0151
IRS990/PYOtherExpensesAmt0309640
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-3453
IRS990/PYSalariesCompEmpBnftPaidAmt088579
IRS990/PYTotalExpensesAmt0398219
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0394766
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-58333
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0362329
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0410407
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0290015
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0394615
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0383966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0603041
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0527557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02199194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0216
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0608
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74070
IRS990ScheduleA/PublicSupportTotal170Amt01629398
IRS990ScheduleA/SubstantialContributorsTotAmt0569796
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0290015
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0394615
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0383966
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0603041
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0527557
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02199194
IRS990ScheduleA/TotalSupportAmt02199802
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0177500
IRS990ScheduleD/DonatedServicesUseFcltsAmt0177500
IRS990ScheduleD/EquipmentGrp/BookValueAmt0473
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02362
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02835
IRS990ScheduleD/ExpensesNotReportedAmt0177500
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0300
IRS990ScheduleD/ExpensesSubtotalAmt0312630
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0300
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0300
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03710
IRS990ScheduleD/RevenueNotReportedAmt0181210
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0300
IRS990ScheduleD/RevenueSubtotalAmt0254297
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Operation Walk Chicago was granted an exemption from federal income tax by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). Operation Walk qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private foundation under Section 509(a)(1). Management believes Operation Walk operates in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0473
IRS990ScheduleD/TotalExpensesPerForm990Amt0312930
IRS990ScheduleD/TotalRevenuePerForm990Amt0254597
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0435507
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0490130
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt069588
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt069588
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt035634
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Gala
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt069588
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt069588
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-35634
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt035634
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt035634
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors reviews the Form 990 prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization requires an annual assessment of any potential conflicts or interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization makes its Form 1023 and 990 available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0686263
IRS990/TotalAssetsEOYAmt0606263
IRS990/TotalAssetsGrp/BOYAmt0686263
IRS990/TotalAssetsGrp/EOYAmt0606263
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0290015
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt044098
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036889
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0231943
IRS990/TotalFunctionalExpensesGrp/TotalAmt0312930
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035540
IRS990/TotalLiabilitiesEOYAmt010163
IRS990/TotalLiabilitiesGrp/BOYAmt035540
IRS990/TotalLiabilitiesGrp/EOYAmt010163
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0650723
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0596100

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