Chicago Association for Research and Education in Science

EIN: 363334177 501(c)(3) Medical Research

Hines, IL

Total Revenue
$6,852,172
Total Expenses
$6,574,219
Total Assets
$10,268,964
Net Assets
$8,763,146
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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
IL
Principal Officer
Lauren M Rich
Phone
7083436300
Tax Period
2024-10-01 to 2025-09-30

Chicago Association for Research and Education in Science, founded in 1984, is a community nonprofit in the Medical Research sector that reported $6.9M in total revenue in fiscal year 2024. Expenses of $6.6M left a modest 4% surplus.

Mission

Enhancing the health care of Americas veterans by supporting research and education.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,289,355
Program Service Revenue $2,241,656
Investment Income $321,161
Other Revenue $0
TOTAL REVENUE $6,852,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,402,706
Fundraising Expenses $0
Program Expenses $5,480,622
Other Expenses $3,171,513
TOTAL EXPENSES $6,574,219

Year-over-Year Comparison

2024 2023 Change
Revenue $6,852,172 $6,451,072 +0.1%
Expenses $6,574,219 $6,087,899 +0.1%
Net Income $277,953 $363,173 -0.2%
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

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Governance

Voting Members
19
Independent Members
18
Employees
50
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
3
$182,981
Total Directors
19
$182,981
Key Employees
1
$182,981
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lauren Rich CEO/Secretary 040.00
Officer Director Key Emp Highest
$182,981 $0 $182,981
Bharat Thakkar Staff 040.00
Highest
$128,237 $0 $128,237
Terry Lee Smith Staff 040.00
Highest
$126,104 $0 $126,104
Madalina Toma Staff 040.00
Highest
$109,816 $0 $109,816
Michael J Klein Staff 040.00
Highest
$106,875 $0 $106,875
Michael Richardson MD Board Member 001.00
Director
$0 $0 $0
Nasia Safdar MD PhD Treasurer 001.00
Officer Director
$0 $0 $0
Ryan Marsh MD Board Member 001.00
Director
$0 $0 $0
William Wolf PhD President 001.00
Officer Director
$0 $0 $0
Bharathi Swaminathan MD Board Member 001.00
Director
$0 $0 $0
Robert Buckley MD MPH FACEP Board Member 001.00
Director
$0 $0 $0
Jeffrey Oken MD Board Member 001.00
Director
$0 $0 $0
Shubhada Ahya MD MS Board Member 001.00
Director
$0 $0 $0
James Doelling Board Member 001.00
Director
$0 $0 $0
Israel Rubinstein MD Board Member 001.00
Director
$0 $0 $0
Sarah Unterman MD FACEP Board Member 001.00
Director
$0 $0 $0
Staci Williams Board Member 001.00
Director
$0 $0 $0
William Cotter MD Board Member 001.00
Director
$0 $0 $0
Robert Holland MD Board Member 001.00
Director
$0 $0 $0
Christina Girgis MD Board Member 001.00
Director
$0 $0 $0
Jihan Walker Board Member 001.00
Director
$0 $0 $0
Steve Maddox Board Member 001.00
Director
$0 $0 $0
Christine Kleckner Board Member 001.00
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 $6,852,172 $6,574,219 $10,268,964 $277,953
2024 No data No data No data No data
2023 $6,586,905 $6,281,864 $10,675,908 $305,041
2022 $5,694,956 $5,980,203 $11,790,723 $-285,247
2021 $6,311,783 $6,050,749 $13,393,807 $261,034
2020 $5,251,662 $5,457,775 $11,054,077 $-206,113
2019 $6,694,140 $5,300,066 $7,603,507 $1,394,074
2018 $5,238,024 $5,574,845 $5,705,761 $-336,821
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