LEAGUE OF CHICAGO THEATRES FOUNDAT… - 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

1975

Legal Domicile

Principal Officer

Heidi Thompson Saunders

Phone

3125549800

Tax Period

2024-07-01 to 2025-06-30

LEAGUE OF CHICAGO THEATRES FOUNDATION, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $4.1M exceeded revenue, resulting in a 311% operating deficit.

Mission

LEAGUE OF CHICAGO THEATRES FOUNDATION SUPPORTS THE WORK OF LEAGUE OF CHICAGO THEATRES THROUGH GRANTMAKING AND FUNDRAISING.

Program Service Accomplishments

Program 1

Expenses: $4,143,799

THE FOUNDATION IS ORGANIZED FOR INCREASING PUBLIC AWARENESS OF, INTEREST IN, AND APPRECIATION FOR THE THEATRE ARTS IN THE CITY OF CHICAGO.

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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 $1,001,011

Program Service Revenue $0

Investment Income $629

Other Revenue $8,315

TOTAL REVENUE $1,009,955

Expense Breakdown

Grants Paid $4,095,331

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,143,799

Other Expenses $52,301

TOTAL EXPENSES $4,147,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,009,955	$803,569	+0.3%
Expenses	$4,147,632	$344,536	+11.0%
Net Income	$-3,137,677	$459,033	-7.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heidi Thompson Saunders	chair	1.00	Officer Director	$0	$0	$0
Doreen Sayegh	vice chair	1.00	Officer Director	$0	$0	$0
Ivan Vega	Secretary	1.00	Officer Director	$0	$0	$0
Paige Farestveit	Treasurer	1.00	Officer Director	$0	$0	$0
John Collins	Director	1.00	Director	$0	$0	$0
Eileen LaCario	Director	1.00	Director	$0	$0	$0
Kate Lipuma	Director	1.00	Director	$0	$0	$0
Roche Schulfer	Director	1.00	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
2025	$1,009,955	$4,147,632	$1,337,878	$-3,137,677
2024	$803,569	$344,536	$4,469,554	$459,033
2023	$441,334	$155,098	$4,010,521	$286,236
2022	$813,254	$552,342	$3,728,649	$260,912
2021	$615,967	$443,641	$3,467,737	$172,326
2020	$791,500	$505,675	$3,293,845	$285,825
2019	$602,293	$323,045	$3,023,368	$279,248

LEAGUE OF CHICAGO THEATRES FOUNDATION