CANTIGNY 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

CANTIGNY FOUNDATION, founded in 1989, is a mid-sized nonprofit that reported $50.1M in total revenue in fiscal year 2023. The organization ran a surplus of $12.9M, a strong 26% operating margin.

Mission

OPERATION OF CANTIGNY PARK, GOLF, MCCORMICK HOUSE AND FIRST DIVISION MUSEUM IN WHEATON, ILLINOIS. HONOR AND UPHOLD THE LAST WILL AND TESTAMENT OF COL. ROBERT R. MCCORMICK, WHICH PROVIDED THAT HIS FORMER RESIDENCE AND 500 ACRES OF LAND IN WHEATON, (CONTINUED IN SCH O) ILLINOIS BE HELD IN TRUST IN PERPETUITY AS A MUSEUM AND PUBLIC PARK.

Program Service Accomplishments

Program 1

Expenses: $28,790,617 Revenue: $7,035,108

OPERATION OF CANTIGNY PARK. PARK OPERATIONS INCLUDE A MUSEUM, A 27-HOLE GOLF COURSE, GOLF LEARNING CENTER, 9-HOLE YOUTH GOLF COURSE, CLUBHOUSE, EXTENSIVE GARDENS, A GREENHOUSE, HIKING TRAILS...

OPERATION OF CANTIGNY PARK. PARK OPERATIONS INCLUDE A MUSEUM, A 27-HOLE GOLF COURSE, GOLF LEARNING CENTER, 9-HOLE YOUTH GOLF COURSE, CLUBHOUSE, EXTENSIVE GARDENS, A GREENHOUSE, HIKING TRAILS, CHILDREN'S PLAYGROUND, VISITOR CENTER, AND RESTAURANTS. IN 2023, OVER 371,000 VISITORS CAME TO ENJOY CANTIGNY PARK, GOLF, AND FIRST DIVISION MUSEUM. THIS INCLUDES OVER 115,000 VISITORS TO THE FIRST DIVISION MUSEUM.

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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 $28,062,563

Program Service Revenue $7,035,108

Investment Income $9,886,709

Other Revenue $5,071,666

TOTAL REVENUE $50,056,046

Expense Breakdown

Grants Paid $900

Salaries & Benefits $12,184,600

Fundraising Expenses $0

Program Expenses $28,790,617

Other Expenses $24,933,247

TOTAL EXPENSES $37,118,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,056,046	$50,851,823	0.0%
Expenses	$37,118,747	$31,529,775	+0.2%
Net Income	$12,937,299	$19,322,048	-0.3%

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

206

Volunteers

168

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

$2,019,327

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	CEO & PRESIDENT	12.00	Officer	$233,244	$44,199	$821,679
CARLA BEAL	CIO & TREASURER	8.00	Officer	$100,185	$43,599	$544,525
KIMBERELY TYLER	CFO (THRU 11/2023)	24.00	Officer	$170,832	$20,956	$305,676
ANDRES TORRES	VP-STRAT., PLANNING, OPS; SEC.	16.00	Officer	$103,218	$34,403	$292,447
OSCAR REGALADO	VP OF HUMAN RESOURCES	16.00	Key Emp	$104,216	$32,260	$292,801
DAVID GRANAT	FORMER CIO	5.00	Highest	$35,336	$26,965	$238,977
MATTHEW LAFOND	EXECUTIVE DIRECTOR, CANTIGNY PARK	40.00	Highest	$204,991	$54,531	$259,522
AKAOSE KACHIKWU	DIRECTOR OF IT	40.00	Highest	$180,971	$22,319	$203,290
EDWARD HOLZMAN	DIRECTOR OF FACILITIES	40.00	Highest	$160,018	$50,225	$210,243
SCOTT WITTE	SPECIAL PROJECTS COORDINATOR	40.00	Highest	$148,281	$42,933	$191,214

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	$50,056,046	$37,118,747	$497,823,628	$12,937,299
2022	$50,851,823	$31,529,775	$450,019,790	$19,322,048
2021	$23,347,648	$26,646,871	$482,055,746	$-3,299,223
2021	$23,347,648	$26,646,871	$482,055,746	$-3,299,223
2020	$49,972,311	$23,784,010	$449,522,213	$26,188,301
2019	$62,966,062	$25,139,437	$426,668,704	$37,826,625
2018	$23,335,661	$24,557,326	$368,669,026	$-1,221,665