Chicago, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Fueled by the generosity of Chicago's philanthropic community, the City Colleges of Chicago Foundation raises charitable contributions to support community colleges students from all backgrounds in reaching their academic and career goals.
The Foundation is organized and shall be operated exclusively for educational purposes to assist in developing and augmenting the resources and carrying out the educational functions of the City...
The Foundation is organized and shall be operated exclusively for educational purposes to assist in developing and augmenting the resources and carrying out the educational functions of the City Colleges of Chicago, established and operated by the Board of Trustees of Community College District No. 508, Cook County, State of Illinois, to the end there may be provided in the college's community broader educational opportunities for and service to the student and alumni of the college and the citizens of this state and nation. The Foundation provides scholarships and skilled upgrades to 1,287 students.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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