CHICAGO CARES INC

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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

1991

Legal Domicile

Principal Officer

Rosie Drumgoole

Phone

3127800800

Tax Period

2024-01-01 to 2024-12-31

CHICAGO CARES INC, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

Chicago Cares, Inc. mobilizes volunteers to build a stronger, more unified Chicago.

Program Service Accomplishments

Program 1

Expenses: $1,073,061

VOLUNTEER ENGAGEMENT - to engage, empower, and educate thousands of volunteersannually through Chicago Cares unique model of place-based service. Chicago Caresbrings diverse people together through...

Program 2

Expenses: $224,713

COMMUNITY RELATIONS PROGRAM - a subdivision of Chicago Cares Programs department focused on building and maintaining strong, mutually beneficial relationships with community-based organizations on...

COMMUNITY RELATIONS PROGRAM - a subdivision of Chicago Cares Programs department focused on building and maintaining strong, mutually beneficial relationships with community-based organizations on the south, west, and northwest sides of the City. The Community Relations team is focused on identifying potential partners and managing relationships with lead partners in each community that Chicago Cares works in so that Chicago Cares can continue to offer best-in-class community-driven service that is aligned to the communitys own plans and intentions.

Program 3

Expenses: $92,931

CAPACITY BUILDING AND ADVISORY SERVICES - to leverage Chicago Cares resources andexpertise to support and equip residents, communities, and corporations to lead civically. Sitting at a unique...

CAPACITY BUILDING AND ADVISORY SERVICES - to leverage Chicago Cares resources andexpertise to support and equip residents, communities, and corporations to lead civically. Sitting at a unique intersection of the nonprofit, corporate, and civic engagement sectors, Chicago Cares aims to leverage their position and experience to build a movement for long-term change.

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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 $2,178,260

Program Service Revenue $90,500

Investment Income $61,574

Other Revenue $-55,637

TOTAL REVENUE $2,274,697

Expense Breakdown

Grants Paid $121,100

Salaries & Benefits $1,452,628

Fundraising Expenses $484,251

Program Expenses $1,418,437

Other Expenses $990,084

TOTAL EXPENSES $2,563,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,274,697	$4,187,903	-0.5%
Expenses	$2,563,812	$4,188,660	-0.4%
Net Income	$-289,115	$-757	+380.9%

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

3795

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

$173,419

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSIE DRUMGOOLE	CEO	40.00	Officer	$149,042	$24,377	$173,419
KELLY PATTERMANN	SR DIR PEOPLE & OP	40.00		$109,788	$15,843	$125,631
LYANA FUNCHES	DIRECTOR PROGRAMS	40.00		$86,060	$16,071	$102,131
Russell Toney	President	4.00	Officer Director	$0	$0	$0
Stacy Collins	Vice President	4.00	Officer Director	$0	$0	$0
Noah Ginsburg	Treasurer	4.00	Officer Director	$0	$0	$0
SHOLAPE KOWALE	Director	2.00	Director	$0	$0	$0
Leslie Bluhm	Director	2.00	Director	$0	$0	$0
Rodney Brown	Director	2.00	Director	$0	$0	$0
Janice Chopra	Director	2.00	Director	$0	$0	$0
Tameeka Christian	Secretary	4.00	Officer Director	$0	$0	$0
Celeste H Davis	Director	2.00	Director	$0	$0	$0
RISHANT VARSHNEY	Director	2.00	Director	$0	$0	$0
JULIE FIALA	Director	2.00	Director	$0	$0	$0
Dave Furlin	Director	2.00	Director	$0	$0	$0
Janelle Ibeling	Director	2.00	Director	$0	$0	$0
Tenisha Jones	Director	2.00	Director	$0	$0	$0
Phil Kinnison	Director	2.00	Director	$0	$0	$0
ARMANDO SALEH	Director	2.00	Director	$0	$0	$0
Christina Mitchell	Director	2.00	Director	$0	$0	$0
Andrew Nwaelele	Director	2.00	Director	$0	$0	$0
JASON ESTREMERA	Director	2.00	Director	$0	$0	$0
Jay Rudman	Director	2.00	Director	$0	$0	$0
JOEL RODRIGUEZ	Director	2.00	Director	$0	$0	$0
DENISE FOGUS GIBSON	Director	2.00	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
2024	$2,274,697	$2,563,812	$3,485,324	$-289,115
2023	$4,187,903	$4,188,660	$6,137,485	$-757
2022	$4,199,436	$3,829,498	$5,713,983	$369,938
2021	$4,064,824	$3,798,529	$5,276,972	$266,295
2020	$6,009,503	$3,571,172	$5,006,386	$2,438,331
2019	$3,443,441	$3,955,774	$2,824,998	$-512,333
2018	$3,629,662	$3,578,684	$2,957,614	$50,978