FRIENDS OF PRENTICE

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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

1986

Legal Domicile

Principal Officer

MICHAEL BORDERS

Phone

8153550763

Tax Period

2023-09-01 to 2024-08-31

FRIENDS OF PRENTICE, founded in 1986, is a small nonprofit that reported $683K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

FRIENDS OF PRENTICE WORKS IN PARTNERSHIP WITH NORTHWESTERN MEDICINE PRENTICE WOMENS HOSPITAL TO ADVANCE THE QUALITY OF WOMENS HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $423,796 Revenue: $0

FRIENDS OF PRENTICE WORKS IN PARTNERSHIP WITH NORTHWESTERN MEDICINE PRENTICE WOMENS HOSPITAL TO ADVANCE THE QUALITY OF WOMENS HEALTHCARE BY INVESTING IN EMERGING TECHNOLOGIES AND MEDICAL ADVANCEMENTS.

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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 $837,438

Program Service Revenue $0

Investment Income $220

Other Revenue $-154,310

TOTAL REVENUE $683,348

Expense Breakdown

Grants Paid $311,996

Salaries & Benefits $172,352

Fundraising Expenses $196,363

Program Expenses $423,796

Other Expenses $202,511

TOTAL EXPENSES $686,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$683,348	$615,272	+0.1%
Expenses	$686,859	$637,756	+0.1%
Net Income	$-3,511	$-22,484	-0.8%

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

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

$164,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN FIELD	EXECUTIVE DIRECTOR	40.00	Officer	$164,000	$0	$164,000
MICHAEL C BORDERS	INMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
ROCKY LOPEZ	TREASURER	1.00	Director	$0	$0	$0
J ALEX JACOBSON	PRESIDENT	1.00	Director	$0	$0	$0
CHERYL SKENDER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER NEWTON	VICE PRESIDENT	1.00	Director	$0	$0	$0
CAROL LAVIN BERNICK	FOUNDER	1.00	Director	$0	$0	$0
SHAYNA COOK	VICE PRESIDENT	1.00	Director	$0	$0	$0
SHANNON FLAVIN	VICE PRESIDENT	1.00	Director	$0	$0	$0
WENDY FREYER	VICE PRESIDENT	1.00	Director	$0	$0	$0
DONNA KANER SOCOL	VICE PRESIDENT	1.00	Director	$0	$0	$0
CATHERINE D NARDI	VICE PRESIDENT	1.00	Director	$0	$0	$0
EMILY NEWHOUSE DILLINGHAM	VICE PRESIDENT	1.00	Director	$0	$0	$0
BRADEN R SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ADAM SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN O'HALLERAN ARCHIBALD	SECRETARY	1.00	Director	$0	$0	$0
MICHAEL B ARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY BAE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE BENJAMIN	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA BERNGARD	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE BLANK	DIRECTOR	1.00	Director	$0	$0	$0
KATIE BOLANOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CECIL BOOTH	DIRECTOR	1.00	Director	$0	$0	$0
SERDAR E BULUN MD	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
ERIN CLIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOELLE COSMAS	DIRECTOR	1.00	Director	$0	$0	$0
ALI CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CURTIN	DIRECTOR	1.00	Director	$0	$0	$0
LAURELLE ETRI	DIRECTOR	1.00	Director	$0	$0	$0
BETSY FARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
RANDY A FIFIELD	DIRECTOR	1.00	Director	$0	$0	$0
D'ANNA L FLOWERS	DIRECTOR	1.00	Director	$0	$0	$0
LEE P GOLUB	DIRECTOR	1.00	Director	$0	$0	$0
TRINA GORDON MCCALLISTER	DIRECTOR	1.00	Director	$0	$0	$0
PATTY HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KENNA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ALLYSON JULIEN	DIRECTOR	1.00	Director	$0	$0	$0
ELENA M KAMEL MD	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LINGER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA LINGER	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH MAIENZA	DIRECTOR	1.00	Director	$0	$0	$0
LYNN M MCGOVERN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTINE SCHAVOCKY	VICE PRESIDENT	1.00	Director	$0	$0	$0
KATIE SCHLOTT	VICE PRESIDENT	1.00	Director	$0	$0	$0
LAUREN SELMAN	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN O'NEIL SHADDOCK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL L SOCOL MD	DIRECTOR	1.00	Director	$0	$0	$0
LILA TRICKLE	VICE PRESIDENT	1.00	Director	$0	$0	$0
CHRISTINA ZHANG	DIRECTOR	1.00	Director	$0	$0	$0
JULIA ZOUSMER	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA BASIC	DIRECTOR	1.00	Director	$0	$0	$0
JACK BEGLEY	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE BOLDEN MD	DIRECTOR	1.00	Director	$0	$0	$0
LISA LEVY	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MILLER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
NIRALI RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SHETTY	DIRECTOR	1.00	Director	$0	$0	$0
CHANTE MARTINEZ THURMOND	DIRECTOR	1.00	Director	$0	$0	$0
SMITA AGGARWAL	DIRECTOR	1.00	Director	$0	$0	$0
SARI ALTSHUL	DIRECTOR	1.00	Director	$0	$0	$0
SANJAY BHAT	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN BRISKIN	DIRECTOR	1.00	Director	$0	$0	$0
OLUWATENIOLA TENI BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CARLINO	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CASE	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY CASH	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA KATZ CERCONE	DIRECTOR	1.00	Director	$0	$0	$0
MARCO ELLIS MD	DIRECTOR	1.00	Director	$0	$0	$0
ARIN FIFE	DIRECTOR	1.00	Director	$0	$0	$0
WENDY FREYER	DIRECTOR	1.00	Director	$0	$0	$0
ABIGAIL GASTEVICH	DIRECTOR	1.00	Director	$0	$0	$0
ALEXA GOUTOS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GRAYSON	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN MCCARTHY HAYES	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR WALD KOLDYKE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MAY	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN MCDONNELL	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI PARR MILLEN	DIRECTOR	1.00	Director	$0	$0	$0
LIESL PEREIRA	DIRECTOR	1.00	Director	$0	$0	$0
BIANCA PIZZINO	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN ROTH	DIRECTOR	1.00	Director	$0	$0	$0
HILLARY SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN TOOBIN	DIRECTOR	1.00	Director	$0	$0	$0
RENEE ZIPPRICH	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	No data	No data	No data	No data
2024	$683,348	$686,859	$624,529	$-3,511
2024	$639,380	$633,946	$624,529	$5,434
2023	$614,270	$636,754	$668,950	$-22,484
2023	$615,272	$637,756	$668,950	$-22,484
2022	$568,352	$665,106	$740,285	$-96,754
2021	$609,694	$707,659	$839,367	$-97,965
2020	$612,000	$722,653	$1,079,773	$-110,653
2019	$427,276	$70,520	$1,175,220	$356,756
2018	$547,464	$147,283	$793,634	$400,181