Mental Health Association of Greater Chicago (EIN 362373128) - 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

1957

Legal Domicile

Principal Officer

JOSEPH MORAN

Phone

8002098114

Tax Period

2023-07-01 to 2024-06-30

Mental Health Association of Greater Chicago, founded in 1957, is a small nonprofit that reported $287K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 26% operating margin.

Mission

Providing enhanced mental and emotional wellness in our communities by delivering education collaboration and support programs

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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 (2023)

Revenue Breakdown

Contributions & Grants $275,945

Program Service Revenue $0

Investment Income $10,704

Other Revenue $0

TOTAL REVENUE $286,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,437

Fundraising Expenses $32,971

Program Expenses $175,695

Other Expenses $106,703

TOTAL EXPENSES $211,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,649	$220,742	+0.3%
Expenses	$211,140	$262,487	-0.2%
Net Income	$75,509	$-41,745	-2.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB OROS	Chairman of the Board	2.000	Officer	$0	$0	$0
LAUREN KOVAR	Vice Chair	2.000	Officer	$0	$0	$0
JOSEPH MORAN	Treasurer	2.000	Officer	$0	$0	$0
ROBBY SCHOENHOFT	Board Member	0.300	Director	$0	$0	$0
DEVENDRA RAO	Board Member	0.300	Director	$0	$0	$0
GREGORY RAKAS	Board Member	0.300	Director	$0	$0	$0
BOB NELSON	Board Member	0.300	Director	$0	$0	$0
RICK TZACZYK	Board Member	0.300	Director	$0	$0	$0
ROBERT HELLER	Chairman of the Board	0.300	Director	$0	$0	$0
MARIA MARTINEZ	Board Member	0.300	Director	$0	$0	$0
STEVEN J WEINBERG	Board Member	0.300	Director	$0	$0	$0
ANGELA TAGARIS	Board Member	0.300	Director	$0	$0	$0
NANCY LINDER	Board Member	0.300	Director	$0	$0	$0
TERRENCE CHIRAMEL	Board Member	0.300	Director	$0	$0	$0
HOLLY BOTH	Board Member	N/A	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	$286,649	$211,140	$272,778	$75,509
2023	$220,742	$262,487	$305,874	$-41,745
2022	$159,623	$186,650	$329,351	$-27,027
2021	$243,358	$188,512	$50,566	$54,846
2020	$240,662	$186,558	$133,412	$54,104

Mental Health Association of Greater Chicago