IRISH AMERICAN HERITAGE CENTER

EIN: 362883292 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$593,317
Total Expenses
$849,303
Total Assets
$2,046,767
Net Assets
$1,206,814
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
IL
Principal Officer
THOMAS CHAMBERS
Phone
7732827035
Tax Period
2023-01-01 to 2023-12-31

IRISH AMERICAN HERITAGE CENTER, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2019. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 30% operating deficit.

Mission

The mission of the Irish American heritage center is to nurture and strengthen Irish culture and heritage through programs emphasizing Irish music, literature, drama, traditional dancing, fine arts and the constructive contributions of the Irish and Irish-American to the United States of America.

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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 (2023)

Revenue Breakdown

Contributions & Grants $363,653
Program Service Revenue $28,234
Investment Income $8,883
Other Revenue $192,547
TOTAL REVENUE $593,317

Expense Breakdown

Grants Paid $0
Salaries & Benefits $285,409
Fundraising Expenses $85,846
Program Expenses $576,138
Other Expenses $563,894
TOTAL EXPENSES $849,303

Year-over-Year Comparison

2023 2022 Change
Revenue $593,317 $702,566 -0.2%
Expenses $849,303 $682,371 +0.2%
Net Income $-255,986 $20,195 -13.7%
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
17
Independent Members
16
Employees
40
Volunteers
50

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
4
$0
Total Directors
17
$113,391
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET A BUCHANAN Executive Dir. 40.00
Director
$113,391 $0 $113,391
EILEEN RYAN Vice President 0.00
Officer Director
$0 $0 $0
THOMAS CHAMBERS President 3.00
Officer Director
$0 $0 $0
MARTIN MCDONAGH Treasurer 3.00
Officer Director
$0 $0 $0
ANNE MARIE HERLEHY Secretary 3.00
Officer Director
$0 $0 $0
THOMAS HERION Director 0.00
Director
$0 $0 $0
MIKE LEPORE Director 0.00
Director
$0 $0 $0
MICHAEL GALVIN Director 1.00
Director
$0 $0 $0
CAROLINE HENNESSY Director 1.00
Director
$0 $0 $0
MEAGHAN MCDONAGH Director 1.00
Director
$0 $0 $0
SEAN MCDONOUGH Director 0.00
Director
$0 $0 $0
JEANNE SCHULTZ ANGEL Director 0.00
Director
$0 $0 $0
KI WOLF SMITH Director 0.00
Director
$0 $0 $0
DOMINICK OWENS Director 1.00
Director
$0 $0 $0
MOIRA CAHILL Director 0.00
Director
$0 $0 $0
JACOB RODRIGUEZ Director 1.00
Director
$0 $0 $0
DOMINICK MULCRONE Director 0.00
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 No data No data No data No data
2023 $593,317 $849,303 $2,046,767 $-255,986
2022 $702,566 $682,371 $2,405,038 $20,195
2022 $881,828 $863,176 $2,594,301 $18,652
2021 $1,529,177 $1,083,851 $2,416,731 $445,326
2021 $1,154,992 $610,201 $2,480,528 $544,791
2020 $785,754 $900,231 $1,879,937 $-114,477
2019 $1,370,239 $1,780,006 $1,633,592 $-409,767
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