THE HEKTOEN INSTITUTE OF MEDICINE (EIN 362244897) - 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

1943

Legal Domicile

Phone

3127686000

Tax Period

2024-09-01 to 2025-08-31

THE HEKTOEN INSTITUTE OF MEDICINE, founded in 1943, is a mid-sized nonprofit in the Health Care sector that reported $31.5M in total revenue in fiscal year 2017. Expenses of $30.4M left a modest 4% surplus.

Mission

HEKTOEN INSTITUTE IS THE FISCAL AGENT FOR GRANTS TO COOK COUNTY RELATED TO MEDICAL RESEARCH.

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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 $1,438,522

Program Service Revenue $14,742,622

Investment Income $2,687,689

Other Revenue $0

TOTAL REVENUE $18,868,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,276,221

Fundraising Expenses $0

Program Expenses $13,680,437

Other Expenses $7,538,249

TOTAL EXPENSES $16,814,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,868,833	$30,171,007	-0.4%
Expenses	$16,814,470	$25,766,495	-0.3%
Net Income	$2,054,363	$4,404,512	-0.5%

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

248

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

$253,449

Total Directors

$254,516

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE DUNEA MD	TRUSTEE/PRESIDENT AND COO	22.0	Officer Director	$0	$0	$0
ALAN SCHRIESHEIM	TRUSTEE	1.0	Director	$0	$0	$0
ALVIN KRUSE	TRUSTEE	1.0	Director	$0	$0	$0
BRIAN J O'DEA CPA	TRUSTEE	1.0	Director	$0	$0	$0
COURTNEY R AVERY MPH	TRUSTEE	1.0	Director	$0	$0	$0
DOUGLAS K WALKER	TRUSTEE	1.0	Director	$0	$0	$0
DOUGLAS R SIEFKEN	TRUSTEE	1.0	Director	$0	$0	$0
DR ASHUTOSH GUPTA MD	TRUSTEE	1.0	Director	$0	$0	$0
DR PEGGY CHOU	TRUSTEE	1.0	Director	$0	$0	$0
EARL C SMITH MD	TRUSTEE	1.0	Director	$0	$0	$0
JAGJIT JAIN	TRUSTEE	1.0	Director	$0	$0	$0
JAMES I FRANKLIN MD	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH ESPOSITO	TRUSTEE	1.0	Director	$0	$0	$0
KATHLEEN WEBER	CO-INVESTIGATOR, TRUSTEE	40.0	Director	$205,037	$49,479	$254,516
MARK GRACH	TRUSTEE	1.0	Director	$0	$0	$0
MARY ANN MCDERMOTT	TRUSTEE	1.0	Director	$0	$0	$0
PETER DAWARI HART MD FACP	TRUSTEE	1.0	Director	$0	$0	$0
SALLY METZLER PHD	TRUSTEE	1.0	Director	$0	$0	$0
MARIELA ROMO	ADMINISTRATOR	40.0	Officer	$207,127	$46,322	$253,449
CAROLE WARSHAW	DVMHPI EXEC DIRECTOR	40.0	Highest	$200,401	$28,341	$228,742
ELIZABETH M DAUBERT DILLON	PROJECT DIRECTOR	40.0	Highest	$115,500	$35,711	$151,211
GABRIELA ZAPATA	ASSOCIATE DIRECTOR	40.0	Highest	$154,996	$46,435	$201,431
NORMA ROLFSEN	PROGRAM MANAGER	40.0	Highest	$168,560	$26,431	$194,991
SARAH E WILLIAMS	NURSE PRACTITIONER	40.0	Highest	$114,209	$44,655	$158,864

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	$18,868,833	$16,814,470	$80,134,380	$2,054,363
2024	$30,171,007	$25,766,495	$74,792,301	$4,404,512
2023	$28,912,459	$28,581,647	$68,451,885	$330,812
2022	$31,693,206	$30,807,151	$65,726,936	$886,055
2021	$40,338,878	$33,097,037	$68,355,790	$7,241,841
2020	$33,201,883	$29,554,946	$57,552,226	$3,646,937
2019	$32,998,124	$31,486,896	$45,886,060	$1,511,228
2018	$31,524,706	$30,369,296	$43,708,695	$1,155,410

THE HEKTOEN INSTITUTE OF MEDICINE