City Colleges of Chicago Foundation (EIN 363157624) - 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

1971

Legal Domicile

Principal Officer

Veronica Herrero

Phone

3125532821

Tax Period

2024-07-01 to 2025-06-30

City Colleges of Chicago Foundation, founded in 1971, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $8.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

To provide grants for scholarships.

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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 $4,758,464

Program Service Revenue $0

Investment Income $2,533,309

Other Revenue $-114,410

TOTAL REVENUE $7,177,363

Expense Breakdown

Grants Paid $8,019,233

Salaries & Benefits $0

Fundraising Expenses $6,047

Program Expenses $8,115,843

Other Expenses $242,343

TOTAL EXPENSES $8,261,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,177,363	$4,975,030	+0.4%
Expenses	$8,261,576	$4,851,892	+0.7%
Net Income	$-1,084,213	$123,138	-9.8%

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

N/A

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

$584,512

Total Directors

$629,434

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Juan Salgado	General Director	1.00	Director	$0	$89,178	$377,258
Veronica Herrero	President	5.00	Officer Director	$0	$37,178	$252,176
Gary L Rozier	Chair	1.00	Officer Director	$0	$0	$0
Nicole Johnson-Scales	Vice Chair	1.00	Officer Director	$0	$0	$0
Monica Bibbs	Secretary	1.00	Officer Director	$0	$0	$0
Melissa Flores	General Director	1.00	Director	$0	$0	$0
Jonathan Glover	General Director	1.00	Director	$0	$0	$0
Darlene Hightower	General Director	1.00	Director	$0	$0	$0
Norma Manjarrez	General Director	1.00	Director	$0	$0	$0
Darrell A Williams	General Director	1.00	Director	$0	$0	$0
Dr Quinton Williams	General Director	1.00	Director	$0	$0	$0
Maribel Rodriguez	Treasurer	5.00	Officer	$0	$14,190	$212,775
Marcus Hardaway	Executive Director	40.00	Officer	$0	$13,599	$119,561

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	$7,177,363	$8,261,576	$27,244,631	$-1,084,213
2024	$4,975,030	$4,851,892	$29,015,943	$123,138
2023	$6,193,998	$7,532,179	$23,752,002	$-1,338,181
2022	$8,962,317	$6,287,552	$24,352,666	$2,674,765
2021	$14,327,610	$9,012,007	$22,678,364	$5,315,603
2020	$7,643,262	$4,193,450	$14,638,271	$3,449,812

City Colleges of Chicago Foundation