MILLENNIUM PARK 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

1998

Legal Domicile

Principal Officer

CHRISTINE ZRINSKY

Phone

3126058580

Tax Period

2024-01-01 to 2024-12-31

MILLENNIUM PARK FOUNDATION, founded in 1998, is a community nonprofit in the Recreation & Sports sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 12% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE SUPPORT TO THE CITY OF CHICAGO IN ITS OPERATION AND PROGRAMMING OF MILLENNIUM PARK, AND SERVE AS THE PARK'S CURATORS.

Program Service Accomplishments

Program 1

Expenses: $3,163,781

MILLENNIUM PARK FOUNDATION (MPF) PROVIDES SUPPORT TO THE CITY OF CHICAGO IN ITS OPERATION AND PROGRAMMING OF MILLENNIUM PARK. MPF PROVIDES ANNUAL SUPPORT IN MANY WAYS, INCLUDING CURATING AND...

MILLENNIUM PARK FOUNDATION (MPF) PROVIDES SUPPORT TO THE CITY OF CHICAGO IN ITS OPERATION AND PROGRAMMING OF MILLENNIUM PARK. MPF PROVIDES ANNUAL SUPPORT IN MANY WAYS, INCLUDING CURATING AND MAINTAINING PUBLIC ART SUCH AS CLOUD GATE, THE CROWN FOUNTAIN, THE JAY PRITZKER PAVILION, CURATING AND MAINTAINING PUBLIC SCULPTURE EXHIBITIONS IN THE BOEING GALLERIES, MAINTAINING THE LURIE GARDEN, SUPPORTING SUMMER AND WINTER EXERCISE PROGRAMS, AND ENHANCING LANDSCAPE THROUGHOUT THE PARK. MPF SUPPORTS THE CITY OF CHICAGO WITH MANY OTHER FREE ARTS & CULTURE PROGRAMS AT THE PARK. THE SUPPORT PROVIDED BY MPF IS ESSENTIAL FOR THE PARK TO BE MAINTAINED AT THE HIGHEST STANDARDS AND RETAIN ITS STANDING AS ONE OF CHICAGO'S MOST POPULAR ATTRACTIONS.

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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 $892,385

Program Service Revenue $0

Investment Income $3,046,511

Other Revenue $0

TOTAL REVENUE $3,938,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $610,598

Fundraising Expenses $65,027

Program Expenses $3,163,781

Other Expenses $2,842,193

TOTAL EXPENSES $3,452,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,938,896	$2,522,653	+0.6%
Expenses	$3,452,791	$1,792,211	+0.9%
Net Income	$486,105	$730,442	-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

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

$230,563

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA LAPIETRA	CHAIR & ACTING PRESIDENT	1.00	Officer Director	$0	$0	$0
CARY D MCMILLAN	TREASURER	1.00	Officer Director	$0	$0	$0
HENRY KLEEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM CRANE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN CROWN EMERITUS	DIRECTOR	1.00	Director	$0	$0	$0
LUIS GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KEISER	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS MABIE	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
JOHN MABIE EMERITUS	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL MEHRBERG	DIRECTOR	1.00	Director	$0	$0	$0
KATIE NIXON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES O'CONNOR JR	DIRECTOR	1.00	Director	$0	$0	$0
GIGI PRITZKER PUCKER EMERITUS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE ZRINSKY	EXECUTIVE DIRECTOR	40.00	Officer	$210,000	$20,563	$230,563

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	$3,938,896	$3,452,791	$51,941,307	$486,105
2023	$2,522,653	$1,792,211	$49,650,509	$730,442
2022	$2,026,396	$2,125,666	$44,371,110	$-99,270
2021	$12,169,207	$2,530,664	$52,901,717	$9,638,543
2020	$1,469,297	$1,964,334	$43,116,069	$-495,037
2019	$2,089,013	$5,037,019	$42,132,826	$-2,948,006
2018	$895,992	$3,767,016	$41,309,790	$-2,871,024