COMMUNITY FOUNDATION OF NORTHERN IL (EIN 364402089) - Form 990 Financial Analysis & Trantor Score

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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

1953

Legal Domicile

Principal Officer

DAN ROSS

Phone

8159622110

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION OF NORTHERN IL, founded in 1953, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $17.0M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.4M, a strong 44% operating margin.

Mission

ATTRACT, PRESERVE AND GROW AN ENDOWMENT FOR THE NEEDS OF THE PEOPLE OF NORTHERN ILLINOIS

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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 $11,541,105

Program Service Revenue $120,143

Investment Income $5,106,935

Other Revenue $185,480

TOTAL REVENUE $16,953,663

Expense Breakdown

Grants Paid $7,984,479

Salaries & Benefits $908,914

Fundraising Expenses $343,878

Program Expenses $7,984,479

Other Expenses $630,600

TOTAL EXPENSES $9,523,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,953,663	$10,431,365	+0.6%
Expenses	$9,523,993	$9,843,347	0.0%
Net Income	$7,429,670	$588,018	+11.6%

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

200

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

$170,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL BALSAM	BOARD MEMBER	2.00	Director	$0	$0	$0
BRYAN HEIDEMANN	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWARD CLIFT	ASST TREASURER	2.00	Officer Director	$0	$0	$0
DEREK DREIER	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERRY GAUMOND	BOARD MEMBER	2.00	Director	$0	$0	$0
BETH HOWARD	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN KEHOE	BOARD MEMBER	2.00	Director	$0	$0	$0
BECKY KENDALL	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHY KWIAT-HESS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DR DINESH PANDYA	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM REILLY	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE GANN	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREN SCHILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHEN SCHMELING	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DAYTON SMITH III	TREASURER	2.00	Officer Director	$0	$0	$0
M BETH THACKER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN ROSS	PRESIDENT/SECRETARY	40.00	Officer	$170,000	$0	$170,000

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	No data	No data	No data	No data
2023	$16,953,663	$9,523,993	$138,751,045	$7,429,670
2022	$10,431,365	$9,843,347	$121,014,685	$588,018
2021	$12,064,778	$8,712,608	$141,924,845	$3,352,170
2020	$4,474,560	$5,213,298	$126,230,317	$-738,738
2020	$8,577,610	$5,011,122	$111,538,768	$3,566,488
2019	$3,494,157	$4,335,846	$105,232,921	$-841,689
2018	$3,612,171	$5,015,096	$102,752,640	$-1,402,925

COMMUNITY FOUNDATION OF NORTHERN IL