National Association of Corporate Directors - Chicago Chapter (EIN 320010373) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

Frank Grossmann

Phone

6305279579

Tax Period

2023-07-01 to 2024-06-30

National Association of Corporate Directors - Chicago Chapter, founded in 2001, is a small nonprofit in the Education sector that reported $289K in total revenue in fiscal year 2023.

Mission

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

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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 $270,000

Program Service Revenue $11,900

Investment Income $0

Other Revenue $6,999

TOTAL REVENUE $288,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,938

Fundraising Expenses $0

Program Expenses $225,090

Other Expenses $94,870

TOTAL EXPENSES $291,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,899	$284,712	+0.0%
Expenses	$291,808	$190,416	+0.5%
Net Income	$-2,909	$94,296	-1.0%

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

$60,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Hendrickson	Former Executive Director	010.00	Officer	$60,027	$0	$60,027
Joan Steel	Board Chairman	003.00	Officer Director	$0	$0	$0
Frank Grossman	Treasurer	000.50	Officer Director	$0	$0	$0
Kay McCurdy	Secretary	003.00	Officer Director	$0	$0	$0
Frank Jaehnert	Director	000.50	Director	$0	$0	$0
Dennis Chookaszian	Director	000.50	Director	$0	$0	$0
Jeff Perry	Director	000.50	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
Greg Hedges	Executive Director	010.00	Officer	$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
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

National Association of Corporate Directors - Chicago Chapter