HFS CHICAGO SCHOLARS

EIN: 363922345 501(c)(3) Education

CHICAGO, IL

Total Revenue
$1,573,514
Total Expenses
$1,012,155
Total Assets
$4,624,897
Net Assets
$4,576,071
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IL
Principal Officer
KATHY L CLOLINGER
Phone
3124214070
Tax Period
2023-07-01 to 2024-06-30

HFS CHICAGO SCHOLARS, founded in 1993, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $561K, a strong 36% operating margin.

Mission

TO SUPPORT THE EDUCATIONAL ASPIRATIONS OF ECONOMICALLY DISADVANTAGED BUT ACADEMICALLY MOTIVATED CHICAGO INNER-CITY YOUTH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,558,706
Program Service Revenue $0
Investment Income $190,594
Other Revenue $-175,786
TOTAL REVENUE $1,573,514

Expense Breakdown

Grants Paid $442,010
Salaries & Benefits $459,775
Fundraising Expenses $69,714
Program Expenses $930,018
Other Expenses $110,370
TOTAL EXPENSES $1,012,155

Year-over-Year Comparison

2023 2022 Change
Revenue $1,573,514 $1,238,566 +0.3%
Expenses $1,012,155 $1,030,555 0.0%
Net Income $561,359 $208,011 +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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
75
Independent Members
72
Employees
19
Volunteers
250

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
6
$104,750
Total Directors
75
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL J KENNELLY BOARD CHAIRM 5.00
Officer Director
$0 $0 $0
JAMES ALLEGRETTI DIRECTOR 0.50
Director
$0 $0 $0
KATHY L CLOLINGER TREASURER 5.00
Officer Director
$0 $0 $0
DESIREE PEPPER-VENZANT EXECUTIVE DI 40.00
Officer
$104,750 $0 $104,750
HEATHER ALBRIGHT DIRECTOR 0.50
Director
$0 $0 $0
DEAN BEKAS DIRECTOR 0.50
Director
$0 $0 $0
KEVIN CALLAHAN DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH DIMBERIO DIRECTOR 0.50
Director
$0 $0 $0
BRIAN GALLAGHER DIRECTOR 0.50
Director
$0 $0 $0
MARK GERTZOF DIRECTOR 0.50
Director
$0 $0 $0
KARA GOODWIN DIRECTOR 0.50
Director
$0 $0 $0
DAVID HILGER DIRECTOR 0.50
Director
$0 $0 $0
HON MATTHEW KENNELLY DIRECTOR 0.50
Director
$0 $0 $0
DAVID KUCERA DIRECTOR 0.50
Director
$0 $0 $0
JIM LENTZ DIRECTOR 0.50
Director
$0 $0 $0
KERRI LIN DIRECTOR 0.50
Director
$0 $0 $0
KEVIN MCCARTY DIRECTOR 0.50
Director
$0 $0 $0
MARK MCCARVILLE DIRECTOR 0.50
Director
$0 $0 $0
SCOTT MEYER DIRECTOR 0.50
Director
$0 $0 $0
TAMARA MEYER DIRECTOR 0.50
Director
$0 $0 $0
CARMEN ONTIVEROS DIRECTOR 0.50
Director
$0 $0 $0
GEORGE N PANAGAKIS DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER PETRINI-POLI DIRECTOR 0.50
Director
$0 $0 $0
DONOVAN PEPPER DIRECTOR 0.50
Director
$0 $0 $0
NANCY PETERMAN DIRECTOR 0.50
Director
$0 $0 $0
FRANK PETITO DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER RAUB DIRECTOR 0.50
Director
$0 $0 $0
CLAUDIA SARAN DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL SCOLARO DIRECTOR 0.50
Director
$0 $0 $0
JAMES SHEEHAN DIRECTOR 0.50
Director
$0 $0 $0
GREGORY TEEGEN DIRECTOR 0.50
Director
$0 $0 $0
DAVID TRACY DIRECTOR 0.50
Director
$0 $0 $0
LAURA VAN PEENAN DIRECTOR 0.50
Director
$0 $0 $0
CHRIS VARONES DIRECTOR 0.50
Director
$0 $0 $0
JOY WALTON DIRECTOR 0.50
Director
$0 $0 $0
JASON WHITE DIRECTOR 0.50
Director
$0 $0 $0
SUZANNE YOON DIRECTOR 0.50
Director
$0 $0 $0
JOHN SIKORA DIRECTOR 0.50
Director
$0 $0 $0
BRIAN ZYGMUNT DIRECTOR 0.50
Director
$0 $0 $0
ALEX AGRAN DIRECTOR 0.50
Director
$0 $0 $0
JOHN KAVANAUGH DIRECTOR 0.50
Director
$0 $0 $0
SEAN MEEHAN DIRECTOR 0.50
Director
$0 $0 $0
ANDREW WEIL DIRECTOR 0.50
Director
$0 $0 $0
SCOTT WILLIAMS DIRECTOR 0.50
Director
$0 $0 $0
EDWARD KELLER DIRECTOR 0.50
Director
$0 $0 $0
JOHN MCLAUGHLIN DIRECTOR 0.50
Director
$0 $0 $0
SUZANNE MARTINEZ DIRECTOR 0.50
Director
$0 $0 $0
DENNIS CROWLEY DIRECTOR 0.50
Director
$0 $0 $0
ANTHONY GARCIA DIRECTOR 0.50
Director
$0 $0 $0
JAMES JONES DIRECTOR 0.50
Director
$0 $0 $0
KEVIN BLITZ DIRECTOR 0.50
Director
$0 $0 $0
JIM CONVERY DIRECTOR 0.50
Director
$0 $0 $0
CHRISTIAN COOLEY VICE CHAIRMA 0.50
Officer Director
$0 $0 $0
TANJA BABICH DIRECTOR 0.50
Director
$0 $0 $0
ANGELA CINEFRO DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER DRISCOLL DIRECTOR 0.50
Director
$0 $0 $0
THOMAS JOHANNESEN DIRECTOR 0.50
Director
$0 $0 $0
KAREN QUIRK DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL SHARKEY DIRECTOR 0.50
Director
$0 $0 $0
YI WEI DIRECTOR 0.50
Director
$0 $0 $0
JORDAN CURNES DIRECTOR 0.50
Director
$0 $0 $0
SAMEER GHAZNAVI DIRECTOR 0.50
Director
$0 $0 $0
ADAM POLLOCK DIRECTOR 0.50
Director
$0 $0 $0
JOHN KELLER DIRECTOR 0.50
Director
$0 $0 $0
VERNIS BARRIER-LIKES DIRECTOR 0.50
Director
$0 $0 $0
JERRY PRASSAS DIRECTOR 0.50
Director
$0 $0 $0
STEVE GRIMES DIRECTOR 0.50
Director
$0 $0 $0
RYAN GROMMES DIRECTOR 0.50
Director
$0 $0 $0
J JAMES O'MALLEY VICE CHAIR 0.50
Officer Director
$0 $0 $0
RAYMOND WHEARLEY SECRETARY 0.50
Officer Director
$0 $0 $0
RONA BORRE DIRECTOR 0.50
Director
$0 $0 $0
JASON DEJONKER DIRECTOR 0.50
Director
$0 $0 $0
GERALD MOLIDOR DIRECTOR 0.50
Director
$0 $0 $0
DANIEL QUINTANA DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL SULLIVAN DIRECTOR 0.50
Director
$0 $0 $0
DANIEL TIEMANN DIRECTOR 0.50
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 No data No data No data No data
2024 No data No data No data No data
2024 $1,573,514 $1,012,155 $4,624,897 $561,359
2023 $1,238,566 $1,030,555 $3,690,922 $208,011
2022 $1,459,597 $896,430 $3,204,620 $563,167
2021 $1,440,591 $821,964 $3,193,096 $618,627
2020 $1,203,137 $900,677 $2,163,971 $302,460
2019 $1,277,817 $883,398 $1,719,380 $394,419
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