CFA SOCIETY CHICAGO

EIN: 362595074

CHICAGO, IL

Total Revenue
$1,621,643
Total Expenses
$1,802,076
Total Assets
$2,969,996
Net Assets
$1,338,427
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
IL
Principal Officer
CHRISTOPHER VINCENT
Phone
3122511301
Tax Period
2024-09-01 to 2025-08-31

CFA SOCIETY CHICAGO, founded in 1965, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

CFA SOCIETY CHICAGO, THE WORLD'S FIRST INVESTMENT ANALYSTS' SOCIETY, IS COMMITTED TO WORKING WITH OUR MEMBERS AND THE INVESTMENT COMMUNITY TO ACHIEVE OUR MISSION THROUGH THREE ORGANIZATIONAL PILLARS: (1) DELIVER MEMBER VALUE: DELIVER INDUSTRY-LEADING EVENTS FOCUSED ON CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT. OFFER A RANGE OF NETWORKING OPPORTUNITIES TO OUR MEMBERS. IMPLEMENT NEW TECHNOLOGY AND BUILD A DIGITAL CONTENT LIBRARY. (2) DEVELOP FUTURE PROFESSIONALS: MEASURE OUR ENGAGEMENT WITH TOP EMPLOYERS OF CFA CHARTERHOLDERS AND IMPROVE THESE SCORES OVER TIME. BUILD BRAND AWARENESS THROUGH MARKETING, SOCIAL MEDIA, AND PARTNERSHIPS. (3) BUILD MARKET INTEGRITY: SUPPORT FINANCIAL LITERACY IN OUR COMMUNITY THROUGH PARTNERSHIPS AND VOLUNTEER OPPORTUNITIES. BUILD RELATIONSHIPS WITH LOCAL UNIVERSITIES AND SUPPORT STUDENTS WHO ARE STUDYING FOR OR CONSIDERING THE CFA EXAMS. ENCOURAGE A DIVERSITY OF GENDER, RACE, AND THOUGHT.

Program Service Accomplishments

Program 1

SPECIAL EDUCATIONAL EVENTS INCLUDE AN ANNUAL DINNER AND OTHER EVENTS DESIGNED TO FACILITATE NETWORKING AND INTERACTION AMONG THE MEMBERS AND INVESTMENT PROFESSIONALS. APPROXIMATELY 800 INVESTMENT...

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SPECIAL EDUCATIONAL EVENTS INCLUDE AN ANNUAL DINNER AND OTHER EVENTS DESIGNED TO FACILITATE NETWORKING AND INTERACTION AMONG THE MEMBERS AND INVESTMENT PROFESSIONALS. APPROXIMATELY 800 INVESTMENT PROFESSIONALS REGISTERED TO ATTEND OUR 2024 ANNUAL DINNER.

Program 2

ACADEMIC PROGRAMS ARE DESIGNED TO EDUCATE ATTENDEES ON CURRENT ISSUES OF IMPORTANCE IN THE PROFESSION. MEMBERS RECEIVE CONTINUING EDUCATION CREDITS WITH THE CFA INSTITUTE FOR MOST OF THESE EVENTS...

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ACADEMIC PROGRAMS ARE DESIGNED TO EDUCATE ATTENDEES ON CURRENT ISSUES OF IMPORTANCE IN THE PROFESSION. MEMBERS RECEIVE CONTINUING EDUCATION CREDITS WITH THE CFA INSTITUTE FOR MOST OF THESE EVENTS. APPROXIMATELY 3,500 INDIVIDUALS ATTENDED ROUGHLY 60 EVENTS HELD DURING THE YEAR.

Program 3

MEMBER DEVELOPMENT INVOLVES THE CREATION AND DELIVERY OF PROGRAMMING THAT FOSTERS EDUCATION, NETWORKING AND JOB PLACEMENT OPPORTUNITIES. MEMBER DEVELOPMENT ALSO REFERS TO EFFORTS WITH ACADEMIA THAT...

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MEMBER DEVELOPMENT INVOLVES THE CREATION AND DELIVERY OF PROGRAMMING THAT FOSTERS EDUCATION, NETWORKING AND JOB PLACEMENT OPPORTUNITIES. MEMBER DEVELOPMENT ALSO REFERS TO EFFORTS WITH ACADEMIA THAT BUILD THE CONSTITUENCY OF CFA CHARTER HOLDERS IN THIS MARKET.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $583,933
Program Service Revenue $916,080
Investment Income $64,022
Other Revenue $57,608
TOTAL REVENUE $1,621,643

Expense Breakdown

Grants Paid $0
Salaries & Benefits $850,441
Fundraising Expenses $0
Other Expenses $951,635
TOTAL EXPENSES $1,802,076

Year-over-Year Comparison

2024 2023 Change
Revenue $1,621,643 $1,557,056 +0.0%
Expenses $1,802,076 $1,877,028 0.0%
Net Income $-180,433 $-319,972 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
9
Volunteers
150

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
6
$310,122
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY HEER IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
JAMES BOUDREAULT CHAIR 1.00
Officer Director
$0 $0 $0
PEEYUSH SHUKLA VICE CHAIR 1.00
Officer Director
$0 $0 $0
CARLA NORFLEET-TAYLOR SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
ROBERT FRANCIS BEHAN DIRECTOR 0.50
Director
$0 $0 $0
MELISSA BETH BINDER DIRECTOR 0.50
Director
$0 $0 $0
SHERI HAWKINS DIRECTOR 0.50
Director
$0 $0 $0
MATTHEW MORRIS DIRECTOR 0.50
Director
$0 $0 $0
NICHOLAS VASSILOS DIRECTOR 0.50
Director
$0 $0 $0
NANCY AVERSA DIRECTOR 0.50
Director
$0 $0 $0
AARON MEDER DIRECTOR 0.50
Director
$0 $0 $0
DERIK COFFEY DIRECTOR 0.50
Director
$0 $0 $0
BENJAMIN JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
ERIKA MASCHMEYER DIRECTOR 0.50
Director
$0 $0 $0
JANELLE WOODWARD DIRECTOR 0.50
Director
$0 $0 $0
PAULA HORN DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER VINCENT PRESIDENT AND CEO 40.00
Officer
$209,422 $31,294 $240,716
SUZANNE KARPICK MANAGING DIRECTOR, FINANCE AND ADMINISTRATION 40.00
Officer
$58,833 $10,573 $69,406
KATHLEEN HURLEY DIR OF PROGRAMMING/SPONSOR 40.00
Highest
$115,922 $26,610 $142,532
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 $1,621,643 $1,802,076 $2,969,996 $-180,433
2024 $1,557,056 $1,877,028 $3,207,633 $-319,972
2023 $2,113,433 $1,773,026 $3,272,290 $340,407
2022 $1,555,705 $1,648,375 $2,288,053 $-92,670
2021 $1,330,480 $1,295,439 $2,860,918 $35,041
2020 $1,624,349 $1,790,549 $2,457,291 $-166,200
2019 $1,725,848 $1,823,393 $2,503,810 $-97,545
2018 $1,677,872 $1,584,310 $2,504,657 $93,562
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