Public Health Institute of Metropolitan Chicago

EIN: 363959353 501(c)(3) Health Care

Chicago, IL

Total Revenue
$9,419,863
Total Expenses
$11,246,035
Total Assets
$2,746,796
Net Assets
$-343,094
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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
1994
Legal Domicile
IL
Principal Officer
Karen Reitan
Phone
3126292988
Tax Period
2024-01-01 to 2024-12-31

Public Health Institute of Metropolitan Chicago, founded in 1994, is a community nonprofit in the Health Care sector that reported $9.4M in total revenue in fiscal year 2024. Expenses of $11.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE ORGANIZATION WAS FORMED TO COOPERATE WITH ORGANIZATIONS IN THE PUBLIC AND PRIVATE HEALTH SECTORS IN DEVELOPING INNOVATIVE PROGRAMS, PROJECTS AND OPPORTUNITIES TO IMPROVE THE AVAILABILITY AND QUALITY OF PUBLIC HEALTH AND MENTAL HEALTH SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,134,027
Program Service Revenue $271,858
Investment Income $0
Other Revenue $13,978
TOTAL REVENUE $9,419,863

Expense Breakdown

Grants Paid $1,300,013
Salaries & Benefits $4,405,063
Fundraising Expenses $0
Program Expenses $9,467,297
Other Expenses $5,540,959
TOTAL EXPENSES $11,246,035

Year-over-Year Comparison

2024 2023 Change
Revenue $9,419,863 $8,981,533 +0.0%
Expenses $11,246,035 $9,456,373 +0.2%
Net Income $-1,826,172 $-474,840 +2.8%
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

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Governance

Voting Members
5
Independent Members
5
Employees
70
Volunteers
17

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
3
$458,562
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Reitan CEO/President 40.0
Officer
$161,472 $37,145 $198,617
Dan'iel Kendricks CPO 40.0
Officer
$117,241 $26,934 $144,175
Vivian Funches CFO - PHIMC 40.0
Officer
$92,123 $23,647 $115,770
Jamie Dircksen Treasurer 4.0
Director
$0 $0 $0
Aisha David Board Member 2.0
Director
$0 $0 $0
Casey Horton Board Member 2.0
Director
$0 $0 $0
Katherine Van Den Bogert Board Member 2.0
Director
$0 $0 $0
Dan Vicencio Board Member 2.0
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 $9,419,863 $11,246,035 $2,746,796 $-1,826,172
2023 $8,981,533 $9,456,373 $3,493,334 $-474,840
2022 $9,098,365 $9,165,201 $3,670,048 $-66,836
2021 $9,007,429 $8,823,195 $3,108,904 $184,234
2020 $12,814,288 $14,146,360 $4,135,533 $-1,332,072
2019 $14,699,329 $13,204,846 $5,417,626 $1,494,483
2018 $9,573,692 $9,870,530 $4,066,368 $-296,838
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