ASSOCIATION FORUM OF CHICAGOLAND F… - Form 990 Financial Data

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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

1987

Legal Domicile

Phone

3129247000

Tax Period

2024-04-01 to 2025-03-31

ASSOCIATION FORUM OF CHICAGOLAND FOUNDATION, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $144K in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $169K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ENHANCE THE ASSOCIATION FORUM'S PROGRAMS AND SERVICES THROUGH NEW EDUCATION, RESEARCH AND SCHOLARSHIP INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $84,441

THE HONORS GALA IS HELD TO RECOGNIZE ACHIEVEMENTS BY ASSOCIATION MANAGEMENT PROFESSIONALS AND AWARD SCHOLARSHIPS. APPROXIMATELY 730 PEOPLE ATTENDED THE HONORS GALA.

Program 2

SCHOLARSHIPS AND DIVERSITY - DURING THE FISCAL YEAR, THE FOUNDATION AWARDED SEVEN SCHOLARSHIPS, AND MADE MISCELLANEOUS CONTRIBUTIONS TO OTHER ORGANIZATIONS WITHIN THE ASSOCIATION INDUSTRY.

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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 $34,139

Program Service Revenue $0

Investment Income $36,673

Other Revenue $73,550

TOTAL REVENUE $144,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,897

Fundraising Expenses $0

Program Expenses $84,441

Other Expenses $63,147

TOTAL EXPENSES $169,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,362	$70,284	+1.1%
Expenses	$169,044	$86,223	+1.0%
Net Income	$-24,682	$-15,939	+0.5%

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

$301,013

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Artesha Moore	President & CEO	2.00	Officer	$42,870	$15,213	$301,013
Bob Moore	Chair	1.00	Officer Director	$0	$0	$0
Michelle Mills Clement	Chair-elect	1.00	Officer Director	$0	$0	$0
Vicki Loise	Sec-Treasurer	1.00	Officer Director	$0	$0	$0
Gregory Heidrich	Imed Past Chair	1.00	Officer Director	$0	$0	$0
Lori Adlesick	Director	1.00	Director	$0	$0	$0
Jay Carino	Director	1.00	Director	$0	$0	$0
Ed Dellert	Director	1.00	Director	$0	$0	$0
Tyler Eble	Director	1.00	Director	$0	$0	$0
Nikki Golden	Director	1.00	Director	$0	$0	$0
Bruce Hammond	Director	1.00	Director	$0	$0	$0
Jackie Price Osafo	Director	1.00	Director	$0	$0	$0
Stephen Peeler	Director	1.00	Director	$0	$0	$0
Pauli Undesser	Director	1.00	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	$144,362	$169,044	$230,288	$-24,682
2024	$70,284	$86,223	$262,665	$-15,939
2023	$-24,851	$41,756	$190,340	$-66,607
2022	$66,071	$60,310	$274,354	$5,761
2021	$92,755	$133,600	$311,391	$-40,845
2020	$332,217	$201,411	$390,025	$130,806
2019	$247,841	$229,552	$238,141	$18,289

ASSOCIATION FORUM OF CHICAGOLAND FOUNDATION