CHICAGO HEALTH EXECUTIVE FORUM

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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

1976

Legal Domicile

Principal Officer

MERLE HEDLAND

Phone

6304283400

Tax Period

2021-01-01 to 2021-12-31

CHICAGO HEALTH EXECUTIVE FORUM, founded in 1976, is a micro nonprofit that reported $85K in total revenue in fiscal year 2021. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $25K, a strong 29% operating margin.

Mission

EDUCATIONAL/PROFESSIONAL DEVELOPMENT FOR PROFESSIONAL HEALTH CARE EXECUTIVE/MANAGERS

Program Service Accomplishments

Program 1

Expenses: $5,734 Revenue: $67,547

EDUCATIONAL/PROFESSIONAL DEVELOPMENTDURING THE COURSE OF THE YEAR ALL MEMBERS AND INTERESTED PROFESSIONAL COLLEGUES IN HEALTH CARE MANAGEMENT ARE INVITED TO ATTEND FORUMS EDUCATIONAL/PROFESSIONAL...

EDUCATIONAL/PROFESSIONAL DEVELOPMENTDURING THE COURSE OF THE YEAR ALL MEMBERS AND INTERESTED PROFESSIONAL COLLEGUES IN HEALTH CARE MANAGEMENT ARE INVITED TO ATTEND FORUMS EDUCATIONAL/PROFESSIONAL DEVELOPMENT PROGRAMS.ACTUAL PAID MEMBERSHIP IN THE FORUM IS APPROXIMATE 1,800 EACH YEAR.MEMBERSHIP IN THE FORUM IS PRIMARILY BY INDIVIDUALS, NOT ORGANIZATION. PROGRAMS PROVIDE CONTINUING EDUCATIONAL AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR HEALTH CARE EXECUTIVES ON SIGNIFICAN ISSUES IN HEALTH CARE. THE OFRUMS PRESENTED SIGNIFICANT PROGRAMS USING REGIONAL AND NATIONALY RECOG NIZED SPEAKERS WITH ATTENDANCE RANGING FROM 20 TO OVER 300.

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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 (2021)

Revenue Breakdown

Contributions & Grants $52,943

Program Service Revenue $14,604

Investment Income $17,838

Other Revenue $0

TOTAL REVENUE $85,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,734

Other Expenses $60,229

TOTAL EXPENSES $60,229

Year-over-Year Comparison

	2021	2020	Change
Revenue	$85,385	$127,639	-0.3%
Expenses	$60,229	$118,446	-0.5%
Net Income	$25,156	$9,193	+1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE JOHNSON	PRESIDENT	005.00	Officer Director	$0	$0	$0
DAN GAY	PRESIDENT ELECT	005.00	Director	$0	$0	$0
JACK AHERN	TREASURER	005.00	Officer Director	$0	$0	$0
ELLEN FEINSTEIN	SECRETARY	005.00	Officer Director	$0	$0	$0
GEORGIA CASCIATO	PRESIDENT	005.00	Officer Director	$0	$0	$0
ROBERT SPADONI	DIRECTOR	005.00	Director	$0	$0	$0
IAN JASENOF	DIRECTOR	005.00	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
2021	$85,385	$60,229	$155,816	$25,156
2020	$127,639	$118,446	$140,660	$9,193
2019	$167,164	$148,245	$135,617	$18,919
2018	$139,782	$136,604	$127,141	$3,178