The Chicago School of Professional… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

Michael Horowitz

Phone

3123296600

Tax Period

2024-06-01 to 2025-05-31

The Chicago School of Professional Psychology, founded in 1979, is a mid-sized nonprofit in the Education sector that reported $35.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $40.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

The Chicago School educates the next generation of change-makers in innovative theory and culturally competent practice to strengthen the integrated health of individuals, organizations, and communities.

Program Service Accomplishments

Program 1

Expenses: $26,067,575 Revenue: $32,798,600

The University is part of a network of campuses of The Chicago School. The Chicago School is made up of The Chicago School - California, Inc., a California nonprofit public benefit corporation, and the nonprofit campus entities of which The Chicago School - California, Inc. is the sole corporate member, including the University. The Chicago School and the University have been innovators in the field of psychology and related behavioral sciences for more than forty years. The University offers more than twenty degree programs. It is regionally accredited by the WASC Senior College and University Commission and is an active member of the National Council of Schools and Programs and Professional Psychology, which has recognized the University for its distinguished service. The Chicago School was the founding institution of The Community Solution, an integrated nonprofit system of six colleges and universities working together to advance student success and community impact.

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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 $1,819,779

Program Service Revenue $32,798,600

Investment Income $349,677

Other Revenue $575,592

TOTAL REVENUE $35,543,648

Expense Breakdown

Grants Paid $1,913,346

Salaries & Benefits $16,138,859

Fundraising Expenses $399,411

Program Expenses $26,067,575

Other Expenses $22,295,030

TOTAL EXPENSES $40,347,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,543,648	$41,863,124	-0.2%
Expenses	$40,347,235	$37,220,453	+0.1%
Net Income	$-4,803,587	$4,642,671	-2.0%

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

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

$4,012,236

Total Directors

$2,800,848

Key Employees

$658,216

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Horowitz	Corporate President/Trustee	2.00	Officer Director	$0	$181,097	$1,747,997
Michele Nealon	Institution Pres./Trustee	2.00	Officer Director	$0	$100,010	$1,052,851
Terrence Layng	Board Chair	2.00	Director	$0	$0	$0
Marie Hansen	Vice Chair	2.00	Director	$0	$0	$0
Victoria Dolan	Trustee	2.00	Director	$0	$0	$0
Manika Turnbull	Trustee	2.00	Director	$0	$0	$0
Jennifer Gantz	Corporate Treasurer	2.00	Officer	$0	$24,740	$400,478
Shari Mikos	Corporate Secretary	2.00	Officer	$0	$28,735	$368,593
Greg Beno	Assistant Corporate Treasurer	2.00	Officer	$0	$18,468	$276,060
Sara Sotelo	Assistant Corporate Secretary	2.00	Officer	$0	$19,684	$113,178
Elisa Davis	Assistant Secretary	2.00	Officer	$0	$3,895	$53,079
John Lucas	Dean/Chief Academic Officer	40.00	Key Emp	$0	$54,873	$658,216
Michael Russell	Executive Director, Forensic Center	40.00	Highest	$138,359	$22,959	$161,318
Ana Belmonte	Division Chair	40.00	Highest	$129,421	$22,329	$151,750
Casey Sharpe	Department Faculty	40.00	Highest	$117,920	$8,907	$126,827
Rebecca Gilley	Staff Psychologist	40.00	Highest	$103,447	$11,171	$114,618

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	$35,543,648	$40,347,235	$81,988,762	$-4,803,587
2024	$41,863,124	$37,220,453	$87,024,474	$4,642,671
2023	$39,286,382	$35,124,141	$85,670,645	$4,162,241
2022	$36,980,422	$33,842,759	$82,663,765	$3,137,663
2021	$37,883,527	$32,820,055	$85,051,044	$5,063,472
2020	$35,936,035	$31,325,234	$79,379,426	$4,610,801
2019	$33,960,773	$28,846,639	$70,854,651	$5,114,134
2018	$34,296,338	$32,305,102	$65,189,293	$1,991,236

The Chicago School of Professional Psychology