The Chicago Bar Association

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1874

Legal Domicile

Principal Officer

Elizabeth McMeen

Phone

3125542000

Tax Period

2024-06-01 to 2025-05-31

The Chicago Bar Association, founded in 1874, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $4.5M left a modest 9% surplus.

Mission

BUILD UNDERLYING INFRASTRUCTURE TO CONTINUE TO OFFER SUBSTANTIVE PROGRAMS TO BENEFIT LAWYERS AND INTRODUCE MORE OPPORTUNITIES FOR MEMBERS TO ACTIVELY PARTICIPATE AND CONTRIBUTE TOWARDS ADVANCEMENT OF THE PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $708,654 Revenue: $3,782,413

General Bar Activities - organize relevant events to foster the goals of the Association. Several award ceremonies are held during the year to honor outstanding contributions and achievements made...

General Bar Activities - organize relevant events to foster the goals of the Association. Several award ceremonies are held during the year to honor outstanding contributions and achievements made towards the legal profession. To serve public interest, a number of television programs for local access are produced each year covering different topics of the law and other worthwhile related interests featuring renowned guests considered experts in their field.

Program 2

Expenses: $506,039 Revenue: $726,934

Continuing Legal Education - on January 1, 2006, the Supreme Court of Illinois established minimum continuing legal education ("MCLE") requirements for Illinois attorneys under Illinois Supreme Court Rules 790-798. To help its members meet the plan's requirements, the Chicago Bar Association developed no-cost and low-cost programming by offering accredited committee meetings and discounted seminars. Additionally, it tracks and records members' attendance to its programs to make MCLE reporting easier.

Program 3

Expenses: $275,104 Revenue: $459,448

Lawyer Referral Service - as part of its community service, the Chicago Bar Association maintains a knowledgeable staff of phone interviewers to aid callers needing assistance in finding a suitable attorney. To meet the standards set by the American Bar Association, a panel of over 250 pre-screened, qualified lawyers experienced in almost every area of law are appropriately matched and referred for initial consultation at a predetermined low minimum fee.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,181,898

Investment Income $607,567

Other Revenue $179,330

TOTAL REVENUE $4,968,795

Expense Breakdown

Grants Paid $374,843

Salaries & Benefits $1,604,646

Fundraising Expenses $0

Program Expenses $1,489,797

Other Expenses $2,565,175

TOTAL EXPENSES $4,544,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,968,795	$5,301,749	-0.1%
Expenses	$4,544,664	$4,923,663	-0.1%
Net Income	$424,131	$378,086	+0.1%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

500

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

$191,467

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth McMeen	Executive Director	37.5	Officer	$190,592	$875	$191,467
Tyler Sill	V.P. of Sales	2.5	Highest	$130,359	$6,854	$137,213
Judge Nichole Patton	First Vice President	0.25	Officer Director	$0	$0	$0
Timothy Tomasik	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Ray J Koenig III	Immediate Past President	0.25	Director	$0	$0	$0
John Sciaccotta	President	0.25	Officer Director	$0	$0	$0
Kathryn C Liss	First V.P.(Until 12/19/2024)	0.25	Officer Director	$0	$0	$0
Jonathan Amarilio	Treasurer	0.25	Officer Director	$0	$0	$0
Kenneth Matuszewski	Director (As of 08/14/2024)	0.25	Director	$0	$0	$0
Tracy Brammeier	Director	0.25	Director	$0	$0	$0
Erin Clifford	Director (As of 07/26/2024)	0.25	Director	$0	$0	$0
Nina Fain	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Daniel Berkowitz	Director (As of 06/27/2024)	0.25	Director	$0	$0	$0
John Ellis	Director (As of 06/27/2024)	0.25	Director	$0	$0	$0
Judge Kenya Jenkins-Wright	Director (As of 06/27/2024)	0.25	Director	$0	$0	$0
Michael Kozlowski	Director (As of 06/27/2024)	0.25	Director	$0	$0	$0
Francine Lynch	Director (As of 06/27/2024)	0.25	Director	$0	$0	$0
Sari Montgomery	Director (As of 06/27/2024)	0.25	Director	$0	$0	$0
Eirene N Salvi	Director	0.25	Director	$0	$0	$0
Hon Louis G Apostol	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Naderh Elrabadi	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Anthony F Fata	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Cynthia S Grandfield	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Jeffrey Moskowitz	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Judge Mary Rowland	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Kevin Thompson	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Judge Allen P Walker	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Matthew P Walsh II	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Trisha Rich	Secretary	0.25	Officer Director	$0	$0	$0
Martin D Gould	Director (Until 06/27/2024)	0.25	Director	$0	$0	$0
Nisha N Dotson	Director (As of 06/27/2024)	0.25	Director	$0	$0	$0
Margaret Mendenhall Casey	Director	0.25	Director	$0	$0	$0
Josie Gough	Director	0.25	Director	$0	$0	$0
Brian Haussmann	Director	0.25	Director	$0	$0	$0
Justice Margaret Stanton McBride	Director	0.25	Director	$0	$0	$0
Peter McNamara	Director	0.25	Director	$0	$0	$0
John Mitchell	Director	0.25	Director	$0	$0	$0
Brendon Stark	Director	0.25	Director	$0	$0	$0
Justice Rena Van Tine	Director (As of 06/27/2024)	0.25	Director	$0	$0	$0
Judge Andrea Wood	Director (As of 06/27/2024)	0.25	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	$4,968,795	$4,544,664	$12,385,806	$424,131
2024	$5,301,749	$4,923,663	$12,350,161	$378,086
2023	$4,857,376	$4,517,865	$11,639,625	$339,511
2022	$5,014,967	$4,082,122	$12,652,985	$932,845
2021	$4,145,417	$3,653,942	$12,596,088	$491,475
2020	$6,269,830	$4,569,876	$10,619,280	$1,699,954
2019	$5,025,864	$5,451,905	$10,078,080	$-426,041
2018	$5,908,212	$5,966,767	$10,640,431	$-58,555