CFA SOCIETY CHICAGO (EIN 362595074) - 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

1965

Legal Domicile

Principal Officer

CHRISTOPHER VINCENT

Phone

3122511301

Tax Period

2023-09-01 to 2024-08-31

CFA SOCIETY CHICAGO, founded in 1965, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 21% operating deficit.

Mission

CFA SOCIETY CHICAGO AIMS TO LEAD THE INVESTMENT MANAGEMENT AND FINANCIAL SERVICES PROFESSIONS BY PROMOTING THE HIGHEST STANDARDS OF ETHICS, CONTINUING EDUCATION, AND FOR THE BENEFIT OF CFA CHARTER HOLDERS IN OUR 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $512,683

Program Service Revenue $920,233

Investment Income $53,658

Other Revenue $70,482

TOTAL REVENUE $1,557,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $824,537

Fundraising Expenses $0

Other Expenses $1,052,491

TOTAL EXPENSES $1,877,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,557,056	$2,113,433	-0.3%
Expenses	$1,877,028	$1,773,026	+0.1%
Net Income	$-319,972	$340,407	-1.9%

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

135

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

$407,223

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM FITZPATRICK	IMMEDIATE PAST CHAIR	0.50	Officer Director	$0	$0	$0
CATHERINE DRAKE	CHAIR	1.00	Officer Director	$0	$0	$0
JEREMY HEER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHARINE WYATT	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JAMES BOUDREAULT	DIRECTOR	0.50	Director	$0	$0	$0
TIFFANY GREENHOUSE	DIRECTOR	0.50	Director	$0	$0	$0
SHERI HAWKINS	DIRECTOR	0.50	Director	$0	$0	$0
AARON MEDER	DIRECTOR	0.50	Director	$0	$0	$0
KWEKU OBED	DIRECTOR	0.50	Director	$0	$0	$0
BLAKE PONTIUS	DIRECTOR	0.50	Director	$0	$0	$0
PEEYUSH SHUKLA	DIRECTOR	0.50	Director	$0	$0	$0
CARLA NORFLEET-TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
JENNIKA GOLD THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
SULIN BA	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
MATTHEW MORRIS	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER VINCENT	PRESIDENT AND CEO	40.00	Officer	$207,402	$30,675	$238,077
JOYOLIN BROWN	COO	40.00	Officer	$156,489	$12,657	$169,146
ROSEMARY SPROVIERI	DIRECTOR OF FINANCE	40.00	Officer	$0	$0	$0
SUZANNE KARPICK	DIRECTOR OF FINANCE	40.00	Officer	$0	$0	$0
KATHLEEN HURLEY	DIR OF PROGRAMMING/SPONSORSHIPS	40.00	Highest	$108,922	$6,598	$115,520

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	$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

CFA SOCIETY CHICAGO