INFANT WELFARE SOCIETY OF CHICAGO

🔒

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

1908

Legal Domicile

Principal Officer

HEIDI ORTOLAZA-ALVEAR

Phone

7737822800

Tax Period

2023-07-01 to 2024-06-30

INFANT WELFARE SOCIETY OF CHICAGO, founded in 1908, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

INFANT WELFARE SOCIETY OF CHICAGO (IWS) (D/B/A IWS FAMILY HEALTH) PROVIDES QUALITY MEDICAL, DENTAL AND BEHAVIORAL HEALTH SERVICES FOR THE HEALTH, PHYSICAL AND MENTAL DEVELOPMENT OF CHILDREN AND THEIR FAMILIES IN THE CHICAGOLAND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $6,040,180 Revenue: $4,871,031

THE PRIMARY HEALTH GROUP PROVIDES CLINIC BASED MEDICAL SERVICES. INFANT WELFARE SOCIETY OF CHICAGO RECEIVED THE GOLD AWARD FOR QUALITIY MEASURES.

Program 2

Expenses: $1,419,095 Revenue: $972,876

THE DENTAL HEALTH GROUP PROVIDES DENTAL AND ORTHODONTIA SERVICES.

Program 3

Expenses: $1,000,510 Revenue: $594,716

THE OTHER WELLNESS SERVICES GROUP PROVIDES VARIOUS BEHAVIORAL HEALTH, COUNSELING, SOCIAL SERVICE PROGRAMS, AND SPEECH AND OCCUPATIONAL THERAPY.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $3,035,152

Program Service Revenue $6,438,623

Investment Income $315,506

Other Revenue $26,587

TOTAL REVENUE $9,815,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,801,585

Fundraising Expenses $381,308

Program Expenses $8,459,785

Other Expenses $2,960,837

TOTAL EXPENSES $10,762,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,815,868	$8,706,381	+0.1%
Expenses	$10,762,422	$9,664,767	+0.1%
Net Income	$-946,554	$-958,386	0.0%

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

112

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

$1,014,473

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD RASKIN	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
PATRICIA RITSMAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ELIZABETH HENNESSY	TREASURER	3.00	Officer Director	$0	$0	$0
CAROLYN CLIFT	SECRETARY	3.00	Officer Director	$0	$0	$0
LAURA ALTER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LELSEY ARROYO	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE BENNETT	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JOSE HERNANDEZ	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY B JOHNSON	INVESTMENT CHAIR	4.00	Director	$0	$0	$0
DR TOMITRA LATIMER	QUALITY ASSURANCE CHAIR	2.00	Director	$0	$0	$0
XIOMARA MALDONADO	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SEAN MURNANE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLEY O'GORMAN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
EDWARD RICKERT	BOARD DEVELOPMENT CHAIR	2.00	Director	$0	$0	$0
ADONNA ROBERTS	BOARD DIRECTOR	2.00	Director	$0	$0	$0
MARISELA ROBLES	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SHARON SMITH	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DR JERRY ISIKOFF	CHIEF EXECUTIVE OFFICER	40.00	Officer	$220,314	$0	$220,314
DR PAOLA PORTELA	CHIEF MEDICAL OFFICER	40.00	Officer	$215,599	$10,115	$225,714
KAREN WILLIAMS	CHIEF FINANCIAL OFFICER	40.00	Officer	$168,848	$18,132	$186,980
DENISE GONZALEZ	CHIEF OPERATING OFFICER	40.00	Officer	$133,548	$0	$133,548
JOSE GALARZA	CHIEF HEALTHCARE ANALYTICS	40.00	Officer	$119,134	$5,499	$124,633
MICHELLE DI BENEDETTO	CHIEF STRATEGY OFFICER	40.00	Officer	$113,169	$10,115	$123,284
EMELINE RAMOS MD	PEDIATRICIAN	40.00	Highest	$205,096	$10,756	$215,852
JOANN REYES	NURSE PRACTITIONER	40.00	Highest	$118,233	$0	$118,233
KHAN MIR WAHAJUDDIN	DIRECTOR OF DENTAL	40.00	Highest	$164,619	$6,565	$171,184
JAMES PECARD	PHYSICIAN ASSISTANT	40.00	Highest	$114,320	$14,334	$128,654
SUSELY GUEVARA	NURSE PRACTITIONER	40.00	Highest	$111,231	$10,756	$121,987

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	$9,815,868	$10,762,422	$13,915,499	$-946,554
2023	$8,706,381	$9,664,767	$14,131,174	$-958,386
2022	$9,758,284	$9,739,153	$15,082,308	$19,131
2021	$9,317,588	$8,614,543	$16,515,718	$703,045
2020	$8,286,710	$8,283,443	$14,006,659	$3,267
2019	$7,700,632	$9,168,033	$14,521,855	$-1,467,401
2018	$8,647,831	$8,887,157	$16,954,580	$-239,326