THE CHICAGO LIGHTHOUSE FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED (EIN 362169139) - 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

1906

Legal Domicile

Principal Officer

JANET SZLYK PHD

Phone

3126661331

Tax Period

2024-07-01 to 2025-06-30

THE CHICAGO LIGHTHOUSE FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED, founded in 1906, is a mid-sized nonprofit in the Human Services sector that reported $60.1M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $54.1M left a modest 10% surplus.

Mission

THE CHICAGO LIGHTHOUSE STRIVES TO PROVIDE QUALITY EDUCATIONAL, CLINICAL, (CONTINUED IN SCHEDULE O) REHABILITATION AND VOCATIONAL SERVICES TO PEOPLE WHO ARE BLIND, VISUALLY IMPAIRED, MULTI-DISABLED OR VETERANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,385,309

Program Service Revenue $46,902,837

Investment Income $886,205

Other Revenue $-54,523

TOTAL REVENUE $60,119,828

Expense Breakdown

Grants Paid $221,063

Salaries & Benefits $42,064,806

Fundraising Expenses $1,489,995

Program Expenses $43,460,545

Other Expenses $11,792,668

TOTAL EXPENSES $54,078,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,119,828	$45,351,225	+0.3%
Expenses	$54,078,537	$43,727,612	+0.2%
Net Income	$6,041,291	$1,623,613	+2.7%

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

1170

Volunteers

117

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

$1,007,656

Total Directors

$671,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET P SZLYK	PRESIDENT & CEO	32.00	Officer Director	$632,210	$38,950	$671,160
THOMAS A DEUTSCH MD	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JULIE A STARK	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CAROLINE GROSSINGER	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD H SCHNADIG	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID J HUBER CFP	TREASURER	1.00	Officer Director	$0	$0	$0
JOEL BRUCKMAN	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
RV PAUL CHAN MD MSC MBA	DIRECTOR	1.00	Director	$0	$0	$0
DONALD D DUNCAN MBA CPA CFA CFP	DIRECTOR	1.00	Director	$0	$0	$0
DONNA VAN EEKEREN	DIRECTOR (BEG 09/24)	1.00	Director	$0	$0	$0
ANDRE FAIR	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA C FORSYTHE	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN GOLDISH	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE HAGUE	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD C JEPSON JR	DIRECTOR	1.00	Director	$0	$0	$0
BEENA JOSEPH MBA	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN LADER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LIVINGSTON	DIRECTOR	1.00	Director	$0	$0	$0
JUDY MCCASKEY	DIRECTOR	1.00	Director	$0	$0	$0
JACLYN MCNALLY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL F MEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAUNA MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RASKE	DIRECTOR	1.00	Director	$0	$0	$0
ELISABETH ROTH	DIRECTOR	1.00	Director	$0	$0	$0
TERRI ENGELMAN RHOADS	DIRECTOR	1.00	Director	$0	$0	$0
GARY RICH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL W RINK	DIRECTOR	1.00	Director	$0	$0	$0
SHEREE SCHIMMER	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN L STOEBERL	CHIEF BUSINESS STRATEGY OFFICER	32.00	Officer	$290,651	$33,762	$324,413
TONY M FIORE	CHIEF FINANCIAL OFFICER (BEG 12/24)	32.00	Officer	$12,083	$0	$12,083
MICHAEL P NICOLAI	CHIEF ADMINISTRATIVE OFFICER	40.00	Highest	$329,404	$46,897	$376,301
MAUREEN E HALLER	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$232,410	$19,075	$251,485
JILL A GOODSPEED	SVP, CONTACT CTR OPERATIONS (06/25)	40.00	Highest	$225,270	$7,600	$232,870
KARA E CRUMBLISS	CHIEF OF CLINICAL SERVICES	40.00	Highest	$210,936	$7,810	$218,746
MARTHA FYOUNGER WHITE	SVP, EMPL & REHABILITATION SERVICES	40.00	Highest	$195,242	$6,528	$201,770
ROSA I CARRILLO	FORMER CFO (THRU 06/24)	0.00		$115,391	$9,921	$125,312

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	$60,119,828	$54,078,537	$53,032,129	$6,041,291
2024	$45,351,225	$43,727,612	$46,821,386	$1,623,613
2023	$39,685,093	$39,601,686	$42,934,036	$83,407
2022	$50,291,014	$39,251,887	$40,702,407	$11,039,127
2021	$42,554,444	$37,978,946	$37,590,416	$4,575,498
2020	$37,019,947	$39,905,365	$27,418,524	$-2,885,418
2019	$42,807,782	$44,013,893	$32,095,772	$-1,206,111
2018	$41,213,371	$41,471,249	$31,163,368	$-257,878

THE CHICAGO LIGHTHOUSE FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED