National Association of Corporate Directors - Chicago Chapter

EIN: 320010373 501(c)(3) Education

McHenry, IL

Total Revenue
$357,770
Total Expenses
$312,523
Total Assets
$606,957
Net Assets
$427,698
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
Principal Officer
Kristie Paskvan
Phone
6305279579
Tax Period
2025-01-01 to 2025-12-31

National Association of Corporate Directors - Chicago Chapter, founded in 2001, is a small nonprofit in the Education sector that reported $358K in total revenue in fiscal year 2025. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $313K left a modest 13% surplus.

Mission

The Chapter presented seminars and discussion roundtables, which address various topics with the goal to improve corporate governance for members and non-members.

Program Service Accomplishments

Program 1
Expenses: $244,411 Revenue: $20,890

The Chapter presented seminars and discussion roundtables, which address various topics with the goal to improve corporate governance. Seminar and roundtables are attended by members and non-members...

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The Chapter presented seminars and discussion roundtables, which address various topics with the goal to improve corporate governance. Seminar and roundtables are attended by members and non-members. There are a minimum of 8 sessions held each year.

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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 (2025)

Revenue Breakdown

Contributions & Grants $325,500
Program Service Revenue $20,890
Investment Income $11,380
Other Revenue $0
TOTAL REVENUE $357,770

Expense Breakdown

Grants Paid $0
Salaries & Benefits $192,104
Fundraising Expenses $0
Program Expenses $244,411
Other Expenses $120,419
TOTAL EXPENSES $312,523

Year-over-Year Comparison

2025 2024 Change
Revenue $357,770 $260,305 +0.4%
Expenses $312,523 $119,891 +1.6%
Net Income $45,247 $140,414 -0.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
$125,004
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Hedges President CEO 030.00
Officer
$125,004 $0 $125,004
Frank Jaehnert Director 000.50
Director
$0 $0 $0
Dennis Chookaszian Director 000.50
Director
$0 $0 $0
Jeff Perry Board Chairman 003.00
Officer Director
$0 $0 $0
Pamela Forbes Lieberman Director 000.50
Director
$0 $0 $0
Shermin Kruse Director 000.50
Director
$0 $0 $0
Maria Green Director 000.50
Director
$0 $0 $0
Maria Wynne Director 000.50
Director
$0 $0 $0
Holly Van Dersuen Director 000.50
Director
$0 $0 $0
Linda K Myers Secretary 003.00
Officer Director
$0 $0 $0
Kristie Paskvan Treasurer 000.50
Officer 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 $357,770 $312,523 $606,957 $45,247
2024 $288,899 $291,808 $378,486 $-2,909
2024 $260,305 $119,891 $502,464 $140,414
2023 $284,712 $190,416 $557,693 $94,296
2022 $205,830 $188,186 $278,578 $17,644
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