CHICAGO HISTORICAL SOCIETY (EIN 362167004) - 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

1857

Legal Domicile

Principal Officer

Cheryl Obermeyer

Phone

3126424600

Tax Period

2022-07-01 to 2023-06-30

CHICAGO HISTORICAL SOCIETY, founded in 1857, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.1M in total revenue in fiscal year 2017. Expenses of $18.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

Serve as the primary destination for learning, inspiration, and civic engagement to connect people to Chicago's history and each other.

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,121,521

Program Service Revenue $2,265,090

Investment Income $4,460,223

Other Revenue $-98,575

TOTAL REVENUE $15,748,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,504,685

Fundraising Expenses $904,352

Program Expenses $10,865,533

Other Expenses $9,474,036

TOTAL EXPENSES $16,978,721

Year-over-Year Comparison

	2022	2021	Change
Revenue	$15,748,259	$15,038,485	+0.0%
Expenses	$16,978,721	$15,016,771	+0.1%
Net Income	$-1,230,462	$21,714	-57.7%

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

Governance

Voting Members

Independent Members

Employees

244

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

$604,266

Total Directors

Key Employees

$679,759

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donald Lassere	President and CEO	35	Officer Highest	$316,548	$0	$316,548
Cheryl Obermeyer	Vice President of Finance	35	Officer Key Emp	$181,597	$0	$181,597
Michael Anderson	Director Institutional Advancement, Major Gifts	35	Key Emp	$147,728	$0	$147,728
Thema McDonald	Vice President of Marketing & Communications	35	Key Emp	$140,428	$0	$140,428
John Russick	Senior Vice President	35	Officer Key Emp	$106,121	$0	$106,121
Shatierra Parks	Senior Director of Human Resources	35	Key Emp	$103,885	$0	$103,885
Michael H Ebner	Trustee	0	Director	$0	$0	$0
T Bondurant French	Trustee	0	Director	$0	$0	$0
Lafayette J Ford	Trustee	0	Director	$0	$0	$0
Sallie L Gaines	Trustee	0	Director	$0	$0	$0
Alejandra Garza	Trustee	0	Director	$0	$0	$0
Timothy J Gilfoyle	Trustee	0	Director	$0	$0	$0
Mary Lou Gorno	Trustee-Chair	0	Director	$0	$0	$0
David A Gupta	Trustee	0	Director	$0	$0	$0
David D Hiller	Trustee-Chair Emeritus	0	Director	$0	$0	$0
Edgar D Jannotta	Trustee	0	Director	$0	$0	$0
Falona Joy	Trustee	0	Director	$0	$0	$0
Randye A Kogan	Trustee	0	Director	$0	$0	$0
Judith Konen	Trustee	0	Director	$0	$0	$0
W Paul Krauss	Trustee	0	Director	$0	$0	$0
Robert C Lee	Trustee	0	Director	$0	$0	$0
Josephine Louis	Trustee	0	Director	$0	$0	$0
Timothy P Moen	Trustee	0	Director	$0	$0	$0
Ralph G Moore	Trustee	0	Director	$0	$0	$0
Potter Palmer	Trustee	0	Director	$0	$0	$0
Jesse H Ruiz	Trustee	0	Director	$0	$0	$0
Joseph Seliga	Trustee	0	Director	$0	$0	$0
Gordon I Segal	Trustee	0	Director	$0	$0	$0
Larry Selander	Trustee	0	Director	$0	$0	$0
Paul L Snyder	Trustee	0	Director	$0	$0	$0
Samuel J Tinaglia	Trustee	0	Director	$0	$0	$0
Ali Velshi	Trustee	0	Director	$0	$0	$0
Gail Ward	Trustee	0	Director	$0	$0	$0
Monica M Weed	Trustee	0	Director	$0	$0	$0
Robert R Yohanan	Trustee	0	Director	$0	$0	$0
Tobin E Hopkins	Trustee	0	Director	$0	$0	$0
Gregory Besio	Trustee	0	Director	$0	$0	$0
Barbara A Hamel	Trustee	0	Director	$0	$0	$0
James L Alexander	Trustee	0	Director	$0	$0	$0
Matthew Blakely	Trustee	0	Director	$0	$0	$0
David P Bolger	Trustee	0	Director	$0	$0	$0
Laurence O Booth	Trustee	0	Director	$0	$0	$0
Paul Carlisle	Trustee	0	Director	$0	$0	$0
Rita Sola Cook	Trustee	0	Director	$0	$0	$0
John W Croghan	Trustee	0	Director	$0	$0	$0
Patrick F Daly	Trustee	0	Director	$0	$0	$0
Patrick W Dolan	Trustee	0	Director	$0	$0	$0
James P Duff	Trustee	0	Director	$0	$0	$0
Paul H Dykstra	Trustee	0	Director	$0	$0	$0
Walter C Carlson	Trustee-Chair Emeritus	0	Director	$0	$0	$0
Guillermo Garcia	Trustee	0	Director	$0	$0	$0
Janice Jackson	Trustee	0	Director	$0	$0	$0
Jennifer Kirk	Trustee	0	Director	$0	$0	$0
Mark Potter	Trustee	0	Director	$0	$0	$0
Lei Shen	Trustee	0	Director	$0	$0	$0
Jonathon Skinner	Trustee	0	Director	$0	$0	$0
Arnaldo Rivera	Trustee	0	Director	$0	$0	$0
Mark D Trembacki	Trustee-Second Vice Chair	0	Director	$0	$0	$0
Warren K Chapman	Trustee-First Vice Chair	0	Director	$0	$0	$0
Daniel S Jaffee	Trustee-Chair Emeritus	0	Director	$0	$0	$0
Michael Barzyk	Trustee	0	Director	$0	$0	$0
Dionne Danns	Trustee	0	Director	$0	$0	$0
Gary S Feinerman	Trustee	0	Director	$0	$0	$0
John N Low	Trustee	0	Director	$0	$0	$0
Robert Manuel	Trustee	0	Director	$0	$0	$0
David A Mordini	Trustee	0	Director	$0	$0	$0
Maggie M Morgan	Trustee	0	Director	$0	$0	$0
Elizabeth D Richter	Trustee	0	Director	$0	$0	$0
J Michael Whitted	Trustee	0	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$15,748,259	$16,978,721	$126,209,101	$-1,230,462
2022	$15,038,485	$15,016,771	$127,431,701	$21,714
2021	$16,768,760	$14,865,994	$142,770,893	$1,902,766
2020	$15,725,952	$17,310,325	$120,490,653	$-1,584,373
2019	$14,365,120	$19,040,120	$121,638,136	$-4,675,000
2018	$15,089,750	$18,077,423	$123,085,091	$-2,987,673

CHICAGO HISTORICAL SOCIETY