CONCORDIA UNIVERSITY FOUNDATION

EIN: 237055802 501(c)(3)

RIVER FOREST, IL

Total Revenue
$1,654,819
Total Expenses
$1,221,106
Total Assets
$36,256,500
Net Assets
$36,251,926
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
IL
Principal Officer
JOHN THOELKE
Phone
7087718300
Tax Period
2024-07-01 to 2025-06-30

CONCORDIA UNIVERSITY FOUNDATION, founded in 1969, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $434K, a strong 26% operating margin.

Mission

THE PURPOSE OF CONCORDIA UNIVERSITY FOUNDATION IS TO ASSIST IN THE EDUCATIONAL AND RELIGIOUS ACTIVITIES OF CONCORDIA UNIVERSITY (AKA CONCORDIA UNIVERSITY CHICAGO)

Program Service Accomplishments

Program 1
Expenses: $864,678 Revenue: $0

THIS AMOUNT REPRESENTS THE RELEASE OF FUNDS TO CONCORDIA UNIVERSITY TO PROVIDE FINANCIAL AID TO CONCORDIA UNIVERSITY STUDENTS, IN ACCORDANCE WITH THE STIPULATIONS OF DONORS.

Program 2
Expenses: $137,992 Revenue: $0

THIS AMOUNT REPRESENTS THE RELEASE OF FUNDS TO CONCORDIA UNIVERSITY TO SUPPORT THE OPERATIONS OF ACADEMIC PROGRAMS, STUDENT SERVICES, AND ACADEMIC SUPPORT, IN ACCORDANCE WITH STIPULATIONS OF DONORS.

Program 3
Expenses: $117,038 Revenue: $0

THIS AMOUNT REPRESENTS THE RELEASE OF FUNDS TO CONCORDIA UNIVERSITY TO SUPPORT OPERATIONS AND MAINTENANCE OF PLANT, AS WELL AS OTHER GENERAL INSTITUTIONAL SUPPORT, IN ACCORDANCE WITH STIPULATIONS OF...

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THIS AMOUNT REPRESENTS THE RELEASE OF FUNDS TO CONCORDIA UNIVERSITY TO SUPPORT OPERATIONS AND MAINTENANCE OF PLANT, AS WELL AS OTHER GENERAL INSTITUTIONAL SUPPORT, IN ACCORDANCE WITH STIPULATIONS OF DONORS.

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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 $1,069,970
Program Service Revenue $0
Investment Income $584,849
Other Revenue $0
TOTAL REVENUE $1,654,819

Expense Breakdown

Grants Paid $1,119,708
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,119,708
Other Expenses $101,398
TOTAL EXPENSES $1,221,106

Year-over-Year Comparison

2024 2023 Change
Revenue $1,654,819 $6,602,235 -0.7%
Expenses $1,221,106 $1,178,328 +0.0%
Net Income $433,713 $5,423,907 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
9
Employees
N/A
Volunteers
25

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
4
$917,049
Total Directors
12
$917,049
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL DAWN COO 2.00
Officer Director
$0 $152,490 $435,975
JEFF HYNES PRESIDENT & CEO 5.00
Officer Director
$0 $56,548 $246,141
RANDALL BARFIELD TREASURER & CFO - THRU 6/30/25 2.00
Officer Director
$0 $19,515 $234,933
ROBERT LIBKA INTERIM CHAIR 1.00
Officer Director
$0 $0 $0
ANDREA ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
KAREN DOERING DIRECTOR 1.00
Director
$0 $0 $0
CHARLES KRAFT DIRECTOR 1.00
Director
$0 $0 $0
ROGER KRUEL DIRECTOR 1.00
Director
$0 $0 $0
MELVIN LUETKENS DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM STEVENSON DIRECTOR 1.00
Director
$0 $0 $0
AUDREY STINSON DIRECTOR 1.00
Director
$0 $0 $0
JOEL ZIELKE DIRECTOR 1.00
Director
$0 $0 $0
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
2025 $1,654,819 $1,221,106 $36,256,500 $433,713
2024 $6,602,235 $1,178,328 $32,536,909 $5,423,907
2023 $2,753,115 $1,773,808 $28,476,305 $979,307
2022 $2,597,792 $2,157,600 $26,568,181 $440,192
2021 $1,602,568 $1,005,564 $31,847,115 $597,004
2020 $1,616,843 $984,338 $24,018,741 $632,505
2019 $1,293,570 $982,472 $25,948,129 $311,098
2018 $329,231 $1,100,237 $24,818,631 $-771,006
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