FMH FOUNDATION

EIN: 362129183 501(c)(3) Housing & Shelter

NORTHBROOK, IL

Total Revenue
$6,409,670
Total Expenses
$4,046,744
Total Assets
$39,393,432
Net Assets
$23,287,051
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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
1948
Legal Domicile
IL
Principal Officer
ELYSE CUTLER
Phone
8477141155
Tax Period
2024-01-01 to 2024-12-31

FMH FOUNDATION, founded in 1948, is a community nonprofit in the Housing & Shelter sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 37% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES INCLUDING, BUT NOT LIMITED TO, OPERATING HOSPITALS, RETIREMENT HOMES AND HOUSING FOR LOW INCOME AND DISABLED ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $3,142,485 Revenue: $3,681,656

HOUSING FOR LOW-INCOME AND DISABLED ELDERLY

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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 $0
Program Service Revenue $3,681,656
Investment Income $1,792,232
Other Revenue $935,782
TOTAL REVENUE $6,409,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $952,040
Fundraising Expenses $0
Program Expenses $3,142,485
Other Expenses $3,094,704
TOTAL EXPENSES $4,046,744

Year-over-Year Comparison

2024 2023 Change
Revenue $6,409,670 $5,077,216 +0.3%
Expenses $4,046,744 $3,767,262 +0.1%
Net Income $2,362,926 $1,309,954 +0.8%
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
4
Independent Members
N/A
Employees
3
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
4
$464,168
Total Directors
4
$464,168
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGOT ETTLINGER DIRECTOR/CHAIR 20.00
Officer Director
$177,667 $54,417 $232,084
ELYSE FORKOSH CUTLER DIRECTOR/PRESIDENT 40.00
Officer Director
$177,667 $54,417 $232,084
GLENN ETTLINGER DIRECTOR/TREASURER 10.00
Officer Director
$0 $0 $0
DAVID CUTLER DIRECTOR/SECRETARY 10.00
Officer Director
$0 $0 $0
JANET MEYER ACCOUNTING MANAGER 40.00
Highest
$142,316 $64,441 $206,757
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 $6,409,670 $4,046,744 $39,393,432 $2,362,926
2023 $5,077,216 $3,767,262 $35,225,361 $1,309,954
2022 $5,583,629 $4,999,952 $31,458,081 $583,677
2021 $7,161,730 $4,822,677 $36,084,710 $2,339,053
2020 $5,955,696 $4,683,777 $32,144,637 $1,271,919
2019 $5,706,720 $4,607,720 $28,625,183 $1,099,000
2018 $10,187,275 $5,178,934 $25,418,314 $5,008,341
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