CATHOLIC HEALTH FOUNDATION OF NORTHERN ILLINOIS

EIN: 333525453 501(c)(3)

CHICAGO, IL

Total Revenue
$25,244,025
Total Expenses
$8,678
Total Assets
$25,235,347
Net Assets
$25,235,347
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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
2025
Legal Domicile
IL
Principal Officer
GERALD M KEENAN
Phone
7732516626
Tax Period
2025-02-14 to 2025-06-30

CATHOLIC HEALTH FOUNDATION OF NORTHERN ILLINOIS, founded in 2025, is a mid-sized nonprofit that reported $25.2M in total revenue in fiscal year 2024. The organization ran a surplus of $25.2M, a strong 100% operating margin.

Mission

NEWLY ESTABLISHED IN FEBRUARY 2025; WILL OPERATE AS A PROVIDER OF GRANTS FOR HEALTHCARE TO CATHOLIC 501(C)(3) ENTITIES.

Program Service Accomplishments

Program 1

NEWLY ESTABLISHED IN FEBRUARY 2025; WILL OPERATE AS A PROVIDER OF GRANTS FOR HEALTHCARE TO CATHOLIC 501(C)(3) ENTITIES.

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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 $24,886,235
Program Service Revenue $0
Investment Income $357,790
Other Revenue $0
TOTAL REVENUE $25,244,025

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $8,678
TOTAL EXPENSES $8,678

Year-over-Year Comparison

2024 2023 Change
Revenue $25,244,025 N/A N/A
Expenses $8,678 N/A N/A
Net Income $25,235,347 N/A N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD M KEENAN PRESIDENT 6.00
Officer Director
$0 $0 $0
ELIZABETH BOLAND TREASURER 2.00
Officer Director
$0 $0 $0
JAMES GEOLY SECRETARY 2.00
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 $25,244,025 $8,678 $25,235,347 $25,235,347
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