ROBERT R MCCORMICK FOUNDATION

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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

1989

Legal Domicile

Principal Officer

TIMOTHY P KNIGHT

Phone

6302608151

Tax Period

2023-01-01 to 2023-12-31

ROBERT R MCCORMICK FOUNDATION, founded in 1989, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $97.6M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.3M, a strong 20% operating margin.

Mission

THE ROBERT R. MCCORMICK FOUNDATION INVESTS IN ORGANIZATIONS WORKING TO BUILD THRIVING COMMUNITIES IN CHICAGOLAND WHERE ALL INDIVIDUALS HAVE THE RESOURCES AND OPPORTUNITIES TO SUCCEED, WITHOUT REGARD TO INCOME, RACE, ETHNICITY, GENDER, OR ZIP CODE.

Program Service Accomplishments

Program 1

Expenses: $73,483,841

GRANTS (AND RELATED ADMINISTRATION) MADE TO ORGANIZATIONS IN THE FOUNDATION'S GRANT MAKING PROGRAM AREAS.

Program 2

Expenses: $786,351

THE FOUNDATION SUPPORTS CHARITABLE ORGANIZATIONS ACROSS THE CHICAGO REGION IN THEIR FUNDRAISING EFFORTS THROUGH SPONSORSHIPS, TABLE PURCHASES, TICKET PURCHASES, AND OTHER DONATIONS TO IMPROVE THE...

THE FOUNDATION SUPPORTS CHARITABLE ORGANIZATIONS ACROSS THE CHICAGO REGION IN THEIR FUNDRAISING EFFORTS THROUGH SPONSORSHIPS, TABLE PURCHASES, TICKET PURCHASES, AND OTHER DONATIONS TO IMPROVE THE ORGANIZATIONS' SUSTAINABILITY AND COMMUNITY IMPACT.

Program 3

Expenses: $396,332

EVALUATION AND SUPPORT OF PROGRAMS IN FURTHERANCE OF THE FOUNDATION'S MISSION TO SUPPORT YOUTH AND EARLY CHILDHOOD 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,584,657

Program Service Revenue $0

Investment Income $82,969,119

Other Revenue $0

TOTAL REVENUE $97,553,776

Expense Breakdown

Grants Paid $69,921,502

Salaries & Benefits $4,417,055

Fundraising Expenses $122,203

Program Expenses $74,666,524

Other Expenses $3,877,040

TOTAL EXPENSES $78,215,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$97,553,776	$64,881,149	+0.5%
Expenses	$78,215,597	$102,934,841	-0.2%
Net Income	$19,338,179	$-38,053,692	-1.5%

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

Volunteers

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

$2,033,298

Total Directors

$330,000

Key Employees

$292,801

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS FITZSIMONS	CHAIRMAN OF THE BOARD	2.00	Officer Director	$27,500	$0	$55,000
LEE HENDERSON	DIRECTOR	2.00	Director	$27,500	$0	$55,000
RUTHELLYN MUSIL	DIRECTOR	2.00	Director	$27,500	$0	$55,000
WILLIAM MCCLEAN	DIRECTOR	2.00	Director	$27,500	$0	$55,000
CELENA ROLDAN	DIRECTOR	2.00	Director	$27,500	$0	$55,000
SCOTT SMITH	DIRECTOR	2.00	Director	$27,500	$0	$55,000
TIMOTHY KNIGHT	PRESIDENT & CHIEF EXECUTIVE OFFICER	28.00	Officer	$544,236	$44,199	$821,679
CARLA BEAL	CIO & TREASURER	32.00	Officer	$400,741	$43,599	$544,525
KIMBERELY TYLER	CFO (THRU 11/2023)	16.00	Officer	$113,888	$34,927	$319,647
ANDRES TORRES	VP-STRATEGY, PLANNING & OPS./SEC.	24.00	Officer	$154,826	$34,403	$292,447
OSCAR REGALADO	SENIOR DIRECTOR OF HUMAN RESOURCES	24.00	Key Emp	$156,325	$32,260	$292,801
DAVID GRANAT	CIO (THRU 06/2023)	25.00	Highest	$176,676	$26,965	$238,977
ANNA LAUBACH	DIRECTOR, SPECIAL INITIATIVES	40.00	Highest	$186,292	$31,010	$217,302
BRYAN STOKES	DIRECTOR, EDUCATION PORTFOLIO	40.00	Highest	$193,303	$21,973	$215,276
KATYA NUQUES	DIRECTOR, LITTLE VILLAGE PORTFOLIO	40.00	Highest	$185,067	$22,473	$207,540
JOSE RODRIGUEZ	DIRECTOR,COMMUNITY CAPITAL PORTFOLIO	40.00	Highest	$184,370	$20,013	$204,383

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	No data	No data	No data	No data
2023	$97,553,776	$78,215,597	$1,638,068,225	$19,338,179
2022	$64,881,149	$102,934,841	$1,467,739,432	$-38,053,692
2021	$106,935,451	$62,059,717	$1,700,505,100	$44,875,734
2020	$43,489,096	$91,509,150	$1,522,880,168	$-48,020,054