CHIME Education Foundation

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Phone

7346650000

Tax Period

2023-10-01 to 2024-09-30

CHIME Education Foundation, founded in 2007, is a small nonprofit in the Health Care sector that reported $106K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $441K exceeded revenue, resulting in a 315% operating deficit.

Mission

SUPPORT THE EDUCATION OF HEALTHCARE INFORMATION TECHNOLOGY PROFESSIONALS BY RECEIVING, RAISING, AND ADMINISTERING FUNDS FOR THE PURPOSE OF GRANTING SCHOLARSHIPS TO SUCH PERSONS.

Program Service Accomplishments

Program 1

Expenses: $199,205

Since 2007, the CHIME Education Foundation has directly supported the professional development of emerging digital health leaders. The healthcare IT environment continues to evolve at a rapid pace...

Since 2007, the CHIME Education Foundation has directly supported the professional development of emerging digital health leaders. The healthcare IT environment continues to evolve at a rapid pace, and the need for qualified, committed professionals is increasingly critical. We're helping current and future healthcare IT leaders develop the essential skill sets to lead their organizations effectively and have a greater impact on the improved delivery of healthcare through career-defining scholarship opportunities. Our mission remains the same each year, increase the number of scholarship opportunities available to provide as many deserving applicants as possible with the opportunity to advance as the next generation of healthcare leaders driving success and innovation.

Program 2

Expenses: $179,381

The CHIME Opioid Task Force (OTF) was launched in early 2018 with a simple mission: to turn the tide on the opioid epidemic using the knowledge and expertise of the nation's healthcare IT leaders...

The CHIME Opioid Task Force (OTF) was launched in early 2018 with a simple mission: to turn the tide on the opioid epidemic using the knowledge and expertise of the nation's healthcare IT leaders. While our mission is simple, achieving it is not. Opioid addiction is a complex disease that requires long-term, if not lifetime, care from well-informed clinicians who are supported with easy-to-use and reliable tools. Since its inception, the task force has made a substantial impact on the opioid crisis by providing education and resources for both CHIME members and non-members through our Opioid Action Center podcast and webinars covering a range of topics, public policy advancements in both influence and member education, virtual and face-to-face meetings, and the development and launch of the Opioid Action Center website.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $100,652

Program Service Revenue $0

Investment Income $5,574

Other Revenue $0

TOTAL REVENUE $106,226

Expense Breakdown

Grants Paid $93,171

Salaries & Benefits $293,525

Fundraising Expenses $0

Program Expenses $378,586

Other Expenses $54,000

TOTAL EXPENSES $440,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,226	$289,579	-0.6%
Expenses	$440,696	$428,099	+0.0%
Net Income	$-334,470	$-138,520	+1.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,648,656

Total Directors

$970,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Liz Johnson	Secretary	2.0	Officer Director	$0	$0	$0
Neal Ganguly	Chair	2.0	Officer Director	$0	$0	$0
Russ Branzell	President & CEO	2.0	Officer Director	$0	$94,461	$970,248
Sheree McFarland	Treasurer	2.0	Officer Director	$0	$0	$0
Sean Kelly	Trustee	2.0	Director	$0	$0	$0
Calli Dretke	EVP Chief Digital and Marketing Officer	10.0	Officer	$0	$22,771	$276,628
Edwin Czopek	EVP Chief Finance Officer	5.0	Officer	$0	$41,935	$401,780
Barbara Sivek	EVP, Chief Customer Officer	2.0	Highest	$0	$41,580	$364,727
Shawn Wilhoite	Director, Finance	2.0	Highest	$0	$0	$106,664
Susan Aldrich	Vice President, Events	10.0	Highest	$0	$3,667	$183,256

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	$106,226	$440,696	$1,143,940	$-334,470
2023	$289,579	$428,099	$993,682	$-138,520
2022	$518,216	$479,560	$924,987	$38,656
2021	$171,533	$331,709	$1,764,670	$-160,176
2020	$102,018	$274,235	$1,414,248	$-172,217