INSTITUTE OF MEDICINE OF CHICAGO (EIN 362217993) - 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

1915

Legal Domicile

Principal Officer

COURTNEY AVERY DAVIS MPH

Phone

3127092685

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE OF MEDICINE OF CHICAGO, founded in 1915, is a small nonprofit that reported $196K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $44K, a strong 22% operating margin.

Mission

THE INSTITUTE OF MEDICINE OF CHICAGO (IOMC) IS AN INDEPENDENT ORGANIZATION OF DISTINGUISHED LEADERS IN THE HEALTH FIELD WHO COLLABORATE TO IMPROVE THE HEALTH OF THE PUBLIC. DRAWING UPON THE EXPERTISE OF A DIVERSE MEMBERSHIP AND OTHER REGIONAL LEADERS, THE IOMC ADDRESSES CRITICAL HEALTH ISSUES THROUGH A RANGE OF INTERDISCIPLINARY APPROACHES INCLUDING EDUCATION, RESEARCH, COMMUNICATION OF TRUSTED INFORMATION, AND COMMUNITY ENGAGEMENT. WITH THE HEALTH OF THE PUBLIC AT ITS CORE, IOMC IS BUILDING NEW PROGRAMS AND SERVICES TO BETTER MEET THE NEEDS OF ITS MEMBERS AND THE CHICAGOLAND COMMUNITY. VISIT WWW.IOMC.ORG.

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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 $118,702

Program Service Revenue $56,625

Investment Income $20,180

Other Revenue $0

TOTAL REVENUE $195,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,885

Program Expenses $83,185

Other Expenses $151,843

TOTAL EXPENSES $151,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,507	$174,396	+0.1%
Expenses	$151,843	$291,442	-0.5%
Net Income	$43,664	$-117,046	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY AVERY DAVIS MPH	PRES ELECT/P	2.50	Officer Director	$0	$0	$0
LORENZO PENCE DO	PRESIDENT/ P	2.50	Officer Director	$0	$0	$0
PATRICIA MERRYWEATHER-ARGES MA	SECRETARY	2.50	Officer Director	$0	$0	$0
CLARK STANFORD PHD DDS MHA	TREASURER	3.50	Officer Director	$0	$0	$0
RAUL GARZA MBA	PAST PRESIDE	2.50	Officer Director	$0	$0	$0
NELI VAZQUEZ-ROWLAND	DIRECTOR/PRE	2.50	Officer Director	$0	$0	$0
DORIANE MILLER MD	DIRECTOR/VIC	2.50	Officer Director	$0	$0	$0
ARCHANA CHATTERJEE MD	DIRECTOR/SEC	2.50	Officer Director	$0	$0	$0
LISA GREEN DO MPH	VICE PRES/DI	1.00	Officer Director	$0	$0	$0
IAN JASENOF MD FACOG MHA CPE	DIRECTOR	1.00	Director	$0	$0	$0
TOM ALLEN MD	DIRECTOR	3.00	Director	$0	$0	$0
HOWARD NOCHUMSON MA	DIRECTOR	1.00	Director	$0	$0	$0
ANITA STEWART MD MPH JD MBA	DIRECTOR	2.00	Director	$0	$0	$0
MAURICE LEMON MD	DIRECTOR	1.00	Director	$0	$0	$0
PETER ORRIS MD MPH	DIRECTOR	1.25	Director	$0	$0	$0
FERNANDO DEMAIO PHD	DIRECTOR	1.50	Director	$0	$0	$0
DAWN GAY MBA-HCM	DIRECTOR	1.00	Director	$0	$0	$0
KALEEM MALIK MD MPH MS	DIRECTOR	1.50	Director	$0	$0	$0
BEENA PETERS DNP RN	DIRECTOR	1.50	Director	$0	$0	$0
MYRTIS SULLIVAN MD MPH FAAP	DIRECTOR	1.00	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
2024	$195,507	$151,843	$579,683	$43,664
2023	$174,396	$291,442	$528,254	$-117,046
2022	$148,580	$241,840	$597,049	$-93,260
2021	$328,529	$219,953	$815,391	$108,576
2020	$241,912	$195,941	$768,551	$45,971
2019	$292,928	$249,747	$612,333	$43,181
2019	$292,928	$249,747	$612,333	$43,181
2018	$246,253	$213,245	$538,739	$33,008

INSTITUTE OF MEDICINE OF CHICAGO