THE COMMERCIAL CLUB FOUNDATION

EIN: 363406446 501(c)(3)

CHICAGO, IL

Total Revenue
$21,521,271
Total Expenses
$16,091,681
Total Assets
$44,423,153
Net Assets
$33,320,156
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
IL
Principal Officer
CORDELIA C MEYER
Phone
3128531200
Tax Period
2024-07-01 to 2025-06-30

THE COMMERCIAL CLUB FOUNDATION, founded in 1985, is a mid-sized nonprofit that reported $21.5M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5.4M, a strong 25% operating margin.

Mission

THE COMMERCIAL CLUB FOUNDATION (FOUNDATION) WAS INCORPORATED IN 1985. THE FOUNDATION WAS ORGANIZED TO ASSIST IN FUNDING CERTAIN ACTIVITIES OF THE COMMERCIAL CLUB OF CHICAGO (CLUB), CIVIC COMMITTEE OF THE COMMERCIAL CLUB OF CHICAGO (CIVIC COMMITTEE) AND ITS AFFILIATED ORGANIZATIONS IN THEIR MISSIONS TO MAKE OUR REGION A BETTER PLACE FOR EVERYONE TO LIVE, WORK, AND DO BUSINESS. AT THE PRESENT TIME, THE RELATED AND AFFILIATED ORGANIZATIONS INCLUDE CIVIC CONSULTING ALLIANCE, CIVIC COMMITTEE ACTION, KIDS FIRST CHICAGO FOR EDUCATION (K1C), AND P33. THE FOUNDATION PURSUES LEGISLATIVE ACTIONS ON BEHALF OF THE AFFILIATED ORGANIZATIONS IN THE CITY OF CHICAGO AND THE STATE OF ILLINOIS.

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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 $21,302,624
Program Service Revenue $0
Investment Income $218,647
Other Revenue $0
TOTAL REVENUE $21,521,271

Expense Breakdown

Grants Paid $15,302,123
Salaries & Benefits $412,164
Fundraising Expenses $422,840
Program Expenses $15,462,594
Other Expenses $377,394
TOTAL EXPENSES $16,091,681

Year-over-Year Comparison

2024 2023 Change
Revenue $21,521,271 $31,548,553 -0.3%
Expenses $16,091,681 $7,197,654 +1.2%
Net Income $5,429,590 $24,350,899 -0.8%
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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Governance

Voting Members
4
Independent Members
3
Employees
10
Volunteers
4

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
5
$1,107,061
Total Directors
3
$1,107,061
Key Employees
1
$494,024
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEREK RB DOUGLAS DIRECTOR/PRESIDENT 6.00
Officer Director
$155,824 $68,233 $1,107,061
JENNIFER SCANLON DIRECTOR/CHAIRMAN 1.00
Officer Director
$0 $0 $0
MICHAEL O'GRADY DIRECTOR/VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
STEVE KOCH SECRETARY 1.00
Officer
$0 $0 $0
SCOTT SWANSON TREASURER 1.00
Officer
$0 $0 $0
CORDELIA C MEYER EXECUTIVE VICE PRESIDENT 5.00
Key Emp
$55,940 $46,504 $494,024
SARAH POWELL ACCOUNTING MANGER 3.00
Highest
$10,716 $5,358 $112,519
NIKA LEVANDO BIRMAN CHIEF OF STAFF 2.00
Highest
$8,523 $12,566 $183,029
SUZANNE FISHER VP, FINANCE & ADMIN 4.00
Highest
$23,764 $45,613 $235,724
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 $21,521,271 $16,091,681 $44,423,153 $5,429,590
2024 $31,548,553 $7,197,654 $28,921,873 $24,350,899
2023 $6,183,004 $5,615,868 $3,639,028 $567,136
2022 $4,783,742 $5,470,756 $3,172,793 $-687,014
2021 $4,426,689 $4,684,781 $4,089,317 $-258,092
2020 $4,365,753 $4,928,706 $4,192,737 $-562,953
2019 $4,325,530 $4,368,158 $4,946,547 $-42,628
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