THE CHICAGO BAR 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

1948

Legal Domicile

Principal Officer

ROBERT GLAVES

Phone

3125541205

Tax Period

2023-06-01 to 2024-05-31

THE CHICAGO BAR FOUNDATION, founded in 1948, is a mid-sized nonprofit in the Education sector that reported $11.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $10.1M left a modest 9% surplus.

Mission

THE CHICAGO BAR FOUNDATION BRINGS THE LEGAL COMMUNITY TOGETHER THROUGH ADVOCACY, FUNDING, AND INNOVATION TO IMPROVE ACCESS TO JUSTICE FOR PEOPLE IN NEED AND TO MAKE THE LEGAL SYSTEM MORE FAIR, EQUITABLE, AND EFFECTIVE.

Program Service Accomplishments

Program 1

Expenses: $8,516,908

MADE THE COURT SYSTEM MORE USER-FRIENDLY AND ACCESSIBLE FOR PEOPLE IN NEED, PARTICULARLY THOSE WITHOUT LAWYERS. THE CBF CONTINUED ITS ROLE AS A LEAD PARTNER WITH THE CIRCUIT COURT, COOK COUNTY, LEGAL AID, AND OTHERS IN THE COOK COUNTY LEGAL AID FOR HOUSING AND DEBT PROGRAM, WHICH PROVIDES CRITICAL HELP FOR PEOPLE FACING EVICTIONS, CONSUMER DEBT CHALLENGES, AND FORECLOSURES AND HELPS TENS OF THOUSANDS OF PEOPLE ANNUALLY. THE CBF CONTINUED ITS LEADERSHIP AND SUPPORT FOR ADVICE DESKS IN THE STATE AND FEDERAL COURTS AND IN THE CITY'S DEPARTMENT OF ADMINISTRATIVE HEARINGS. THE CBF ALSO PLAYED A LEAD ROLE IN ILLINOIS JUSTICECORPS, AN INNOVATIVE PROGRAM THROUGH WHICH STUDENTS SERVE AS GUIDES TO MAKE COURTS ACROSS ILLINOIS MORE WELCOMING FOR PEOPLE WITHOUT LAWYERS.

Program 2

Expenses: $518,347

PROVIDED SIGNIFICANT GRANTS AND OTHER KEY SUPPORT TO CHICAGO'S PRO BONO AND LEGAL AID ORGANIZATIONS AND RELATED INITIATIVES SERVING THE CHICAGO AREA. THESE GRANTS ENABLED TENS OF THOUSANDS OF...

PROVIDED SIGNIFICANT GRANTS AND OTHER KEY SUPPORT TO CHICAGO'S PRO BONO AND LEGAL AID ORGANIZATIONS AND RELATED INITIATIVES SERVING THE CHICAGO AREA. THESE GRANTS ENABLED TENS OF THOUSANDS OF CHICAGOANS IN NEED TO GET CRITICAL LEGAL ADVICE AND ASSISTANCE; STRENGTHENED CHICAGO'S PRO BONO AND LEGAL AID SYSTEM; AND SUPPORTED A NUMBER OF INITIATIVES THAT HELPED MAKE THE JUSTICE SYSTEM MORE USER-FRIENDLY AND ACCESSIBLE. THE CBF MADE OTHER GRANTS TO SUPPORT A VARIETY OF ACCESS TO JUSTICE AND RELATED PHILANTHROPIC INITIATIVES, INCLUDING THE CBF'S PRO BONO AND PUBLIC SERVICE AWARD GRANTS AND GRANTS TO PROJECTS THAT EDUCATE YOUNG PEOPLE ABOUT THEIR LEGAL RIGHTS AND RESPONSIBILITIES OR PROMOTE LEGAL OR CIVIC-RELATED EDUCATION.

Program 3

Expenses: $242,783 Revenue: $37,113

CONTINUED TO HOST AND SUPPORT THE CBF'S JUSTICE ENTREPRENEURS PROJECT (JEP), AN INCUBATOR AND NETWORK OF LAWYERS WHO ARE COMMITTED TO MAKING QUALITY LEGAL SERVICES ACCESSIBLE AND AFFORDABLE TO PEOPLE WHO CANNOT AFFORD AN ATTORNEY IN THE TRADITIONAL LEGAL MARKET. THE JEP PROVIDES TRAINING, MENTORING, AND OTHER RESOURCES AND SUPPORT TO HELP PARTICIPANTS ESTABLISH SUSTAINABLE LAW PRACTICES SERVING THIS MARKET. JEP LAWYERS BUILD PRACTICES THAT OFFER FIXED FEES AND FLEXIBLE REPRESENTATION OPTIONS, MAXIMIZE TECHNOLOGY, AND LEVERAGE TRADITIONALLY UNTAPPED REFERRAL NETWORKS. IN ADDITION, THE PROGRAM IDENTIFIES SUCCESSFUL AND REPLICABLE PRACTICE MODELS, SHARES INNOVATIONS, AND HELPS ENCOURAGE OTHER SIMILAR PROGRAMS ACROSS THE U.S. AND BEYOND.

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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 $11,097,886

Program Service Revenue $37,113

Investment Income $95,209

Other Revenue $-145,675

TOTAL REVENUE $11,084,533

Expense Breakdown

Grants Paid $7,442,225

Salaries & Benefits $1,324,502

Fundraising Expenses $269,942

Program Expenses $9,405,590

Other Expenses $1,375,258

TOTAL EXPENSES $10,141,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,084,533	$9,898,837	+0.1%
Expenses	$10,141,985	$10,150,586	0.0%
Net Income	$942,548	$-251,749	-4.7%

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

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

300

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

$160,445

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENYA JENKINS-WRIGHT	PRESIDENT	3.00	Officer Director	$0	$0	$0
SANG-YUL LEE	1ST VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
THOMAS V PANOFF	2ND VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
NANCY S GERRIE	TREASURER	3.00	Officer Director	$0	$0	$0
GRETA WEATHERSBY	SECRETARY	3.00	Officer Director	$0	$0	$0
RACHEL M CANNON	DIRECTOR	2.00	Director	$0	$0	$0
HON ALISON C CONLON	DIRECTOR	2.00	Director	$0	$0	$0
VIDA CRUZ	DIRECTOR	2.00	Director	$0	$0	$0
KAREEM DALE	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN DEVANEY	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER J ESBROOK	DIRECTOR	2.00	Director	$0	$0	$0
RANDALL R FEARNOW	DIRECTOR	2.00	Director	$0	$0	$0
DAVID GORDON	DIRECTOR	2.00	Director	$0	$0	$0
ANNE GERAGHTY HELMS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT T HOWELL III	DIRECTOR	2.00	Director	$0	$0	$0
HON LASHONDA A HUNT	DIRECTOR	2.00	Director	$0	$0	$0
COLBY ANNE KINGSBURY	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH P LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH LOPEZ	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL BERKOWITZ	DIRECTOR	2.00	Director	$0	$0	$0
NADERH ELRABADI	DIRECTOR	2.00	Director	$0	$0	$0
MARCIE LAPE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL LEHRMAN	DIRECTOR	2.00	Director	$0	$0	$0
AMY B MANNING	DIRECTOR	2.00	Director	$0	$0	$0
MAGGIE MENDENHALL CASEY	DIRECTOR	2.00	Director	$0	$0	$0
LISA MONTEZ	DIRECTOR	2.00	Director	$0	$0	$0
IAN H MORRISON	DIRECTOR	2.00	Director	$0	$0	$0
HON NICHOLE C PATTON	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN SCIACCOTTA	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN VALENTINE	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA YAMATE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT GLAVES	EXECUTIVE DIRECTOR	60.00	Officer	$144,187	$16,258	$160,445
MELANIE MACBRIDE	COO	50.00	Highest	$101,020	$32,526	$133,546

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	$11,084,533	$10,141,985	$3,483,220	$942,548
2023	$9,898,837	$10,150,586	$5,312,564	$-251,749
2022	$8,402,012	$8,069,061	$2,729,689	$332,951
2021	$5,326,307	$4,964,002	$3,624,182	$362,305
2020	$2,724,188	$3,789,714	$2,389,273	$-1,065,526
2019	$3,741,514	$3,956,329	$2,532,589	$-214,815