DERMATOLOGY FOUNDATION

EIN: 046115524 501(c)(3)

SKOKIE, IL

Total Revenue
$7,193,686
Total Expenses
$6,042,762
Total Assets
$60,921,429
Net Assets
$58,791,404
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
MA
Phone
8473282256
Tax Period
2024-01-01 to 2024-12-31

DERMATOLOGY FOUNDATION, founded in 1964, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 16% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS THE FUNDING OF RESEARCH IN THE FIELD OF DERMATOLOGY IN ORDER TO ADVANCE PATIENT CARE AND HELP DEVELOP AND RETAIN TOMORROW'S TEACHERS AND CLINICAL LEADERS IN SPECIALTY.

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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 $4,838,597
Program Service Revenue $277,060
Investment Income $2,078,029
Other Revenue $0
TOTAL REVENUE $7,193,686

Expense Breakdown

Grants Paid $2,517,672
Salaries & Benefits $1,286,861
Fundraising Expenses $1,126,013
Program Expenses $4,557,635
Other Expenses $2,238,229
TOTAL EXPENSES $6,042,762

Year-over-Year Comparison

2024 2023 Change
Revenue $7,193,686 $3,819,593 +0.9%
Expenses $6,042,762 $5,860,244 +0.0%
Net Income $1,150,924 $-2,040,651 -1.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
10
Volunteers
100

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
$814,182
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH I MCBURNEY MD CHAIR, BOARD OF DIRECTORS 5.0
Officer Director
$0 $0 $0
JANET A FAIRLEY MD PRESIDENT/DIRECTOR 5.0
Officer Director
$0 $0 $0
RENEE J MATHUR MD SECRETARY-TREASURER/DIRECTOR 5.0
Officer Director
$0 $0 $0
SEWON KANG MD VICE-PRESIDENT/DIRECTOR 5.0
Officer Director
$0 $0 $0
ERIC S FROMER MD DIRECTOR 0.5
Director
$0 $0 $0
GEORGE COTSARELIS MD DIRECTOR 0.5
Director
$0 $0 $0
GINETTE A OKOYE DIRECTOR 0.5
Director
$0 $0 $0
JOHN T SEYKORA MD DIRECTOR 0.5
Director
$0 $0 $0
JONATHAN S WEISS MD DIRECTOR 0.5
Director
$0 $0 $0
KISHWER S NEHAL MD DIRECTOR 0.5
Director
$0 $0 $0
STUART R LESSIN MD DIRECTOR 0.5
Director
$0 $0 $0
YVONNE E CHIU MD DIRECTOR 0.5
Director
$0 $0 $0
CHRISTINE BORIS DEPUTY EXECUTIVE DIRECTOR 50.0
Officer
$290,337 $29,236 $319,573
JOHN BOURNAS EXECUTIVE DIRECTOR 60.0
Officer
$455,094 $39,515 $494,609
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 $7,193,686 $6,042,762 $60,921,429 $1,150,924
2023 $3,819,593 $5,860,244 $56,683,934 $-2,040,651
2022 $5,234,566 $5,215,378 $53,178,028 $19,188
2021 $7,135,637 $4,409,331 $62,543,237 $2,726,306
2020 $4,419,131 $5,310,527 $57,887,709 $-891,396
2019 $7,599,536 $5,300,656 $54,199,159 $2,298,880
2018 $6,417,575 $5,137,078 $47,008,533 $1,280,497
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