ADVOCATE CHARITABLE FOUNDATION (EIN 363297360) - 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

1984

Legal Domicile

Principal Officer

RANDY VARJU

Phone

4142991862

Tax Period

2024-01-01 to 2024-12-31

ADVOCATE CHARITABLE FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $40.0M in total revenue in fiscal year 2024. The organization ran a surplus of $12.1M, a strong 30% operating margin.

Mission

ADVOCATE CHARITABLE FOUNDATION (ACF) RAISES FUNDS FOR ADVOCATE HEALTH CARE. THE DONOR DETERMINES BOTH PROGRAM AND HOSPITAL WHICH BENEFIT FROM THE GIFT. THE FOUNDATION SERVES AS THE FIDUCIARY AGENT FOR THE GIFTS UNTIL USED FOR THE DONOR'S PURPOSE. ACF WILL USE 100% OF ALL DONATIONS FOR DONOR'S INTENDED PURPOSES AND PROGRAMS.ADVOCATE HEALTH CARE CONSISTS OF: ADVOCATE HEALTH & HOSPITALS CORPORATION (INCLUDING ADVOCATE CHRIST MEDICAL CENTER, ADVOCATE GOOD SAMARITAN HOSPITAL, ADVOCATE GOOD SHEPHERD HOSPITAL, ADVOCATE LUTHERAN GENERAL HOSPITAL, ADVOCATE SOUTH SUBURBAN HOSPITAL, ADVOCATE TRINITY HOSPITAL, AND ADVOCATE MEDICAL GROUP), ADVOCATE NORTH SIDE HEALTH NETWORK, ADVOCATE CONDELL MEDICAL CENTER, ADVOCATE SHERMAN HOSPITAL, ADVOCATE HOME HEALTH SERVICES, ADVOCATE HOSPICE, AND VARIOUS SYSTEM-WIDE PROGRAMS.

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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 $28,552,550

Program Service Revenue $0

Investment Income $11,173,714

Other Revenue $293,873

TOTAL REVENUE $40,020,137

Expense Breakdown

Grants Paid $18,018,337

Salaries & Benefits $7,235,018

Fundraising Expenses $9,155,239

Program Expenses $18,236,687

Other Expenses $2,651,815

TOTAL EXPENSES $27,905,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,020,137	$38,418,076	+0.0%
Expenses	$27,905,170	$32,872,656	-0.2%
Net Income	$12,114,967	$5,545,420	+1.2%

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

290

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

$9,695,998

Total Directors

$41,812,687

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY T SMITH	DIRECTOR, CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RANDY VARJU	DIRECTOR, PRESIDENT	55.00	Officer Director	$522,720	$291,096	$813,816
LESLIE WININGER	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$60,264	$368,747
JAMES SKOGSBERGH	DIRECTOR	1.00	Director	$0	$2,012,135	$30,862,679
WILLIAM SANTULLI	DIRECTOR	1.00	Director	$0	$674,339	$7,866,221
THOMAS CRAWFORD AKA PAT CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$3,000
CAROLINE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ASH LUTHRA	DIRECTOR	1.00	Director	$0	$0	$0
FRANK IGLESKI	DIRECTOR	1.00	Director	$0	$0	$0
ANDY STAPLETON	DIRECTOR	1.00	Director	$0	$0	$0
ROB PERRI	DIRECTOR	1.00	Director	$0	$0	$0
FRANCESCA POPPER	DIRECTOR	1.00	Director	$0	$18,235	$302,420
REV DR ROBERT DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JP HILLS	DIRECTOR	1.00	Director	$0	$0	$0
DIA NICHOLS	DIRECTOR	1.00	Director	$0	$252,781	$1,595,804
NAN NELSON	TREASURER	1.00	Officer	$0	$272,483	$1,744,966
RACHELLE HART	SECRETARY, ASST SECRETARY	1.00	Officer	$0	$224,620	$1,326,374
RACHEL HALVERSON	ASSISTANT TREASURER	1.00	Officer	$0	$64,719	$791,532
BRAD CLARK	ASSISTANT TREASURER	1.00	Officer	$0	$419,389	$2,933,092
KEVIN FITCH	ASSISTANT TREASURER	1.00	Officer	$0	$144,348	$750,474
MICHAEL KERNS	ASSISTANT SECRETARY	1.00	Officer	$0	$132,619	$966,997
KATHERINE KETNER	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
ALLYSON REGNIER	VP DEVELOPMENT	55.00	Highest	$236,020	$36,037	$272,057
JOHN HOLMBERG	VP PLANNED GIVING	55.00	Highest	$219,995	$25,277	$245,272
JENNIFER COSBY-THANOS	VP DEVELOPMENT	55.00	Highest	$216,315	$30,494	$246,809
DAVINA MARTIN	VP DEVELOPMENT	55.00	Highest	$236,645	$11,971	$248,616
LESLIE LENZO	FORMER OFFICER	0.00		$0	$0	$127,097
JAMES SLINKMAN	FORMER OFFICER	0.00		$0	$174,709	$863,992
DOMINICA TALLARICO	FORMER OFFICER	0.00		$0	$438,888	$928,597
DOMINIC NAKIS	FORMER OFFICER	0.00		$0	$1,231,995	$4,607,851
JAMES DOHENY	FORMER OFFICER	0.00		$0	$26,867	$558,789
STEVE HUSER	FORMER OFFICER	0.00		$0	$18,835	$580,071
MICHAEL GREBE	FORMER OFFICER	0.00		$0	$64,107	$1,140,568
MARY MATTHEWS	FORMER OFFICER	0.00		$0	$52,776	$466,787
SUSAN ABDERHOLDEN	FORMER HCE	0.00		$174,987	$8,980	$183,967
JO AMICK	FORMER HCE	0.00		$176,804	$20,336	$197,140

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	$40,020,137	$27,905,170	$206,326,862	$12,114,967
2023	$38,418,076	$32,872,656	$194,672,075	$5,545,420
2022	$9,771,684	$17,623,807	$195,506,978	$-7,852,123
2021	$44,400,105	$34,478,092	$200,973,412	$9,922,013
2020	$36,265,106	$32,585,414	$194,429,781	$3,679,692
2019	$46,008,290	$32,729,697	$206,813,481	$13,278,593
2018	$22,898,879	$26,295,568	$190,104,071	$-3,396,689

ADVOCATE CHARITABLE FOUNDATION