Victor C Neumann Foundation

EIN: 366140384 501(c)(3)

Chicago, IL

Total Revenue
$268,003
Total Expenses
$268,659
Total Assets
N/A
Net Assets
N/A
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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
1962
Legal Domicile
IL
Principal Officer
Mark McHugh
Phone
3123466230
Tax Period
2017-07-01 to 2018-06-30

Victor C Neumann Foundation, founded in 1962, is a small nonprofit that reported $268K in total revenue in fiscal year 2017. Revenue fell 77% from the prior year — a significant decline worth monitoring.

Mission

Victor C Neumann Foundation Inc. commits to provide persons with disabilities or other special needs quality services which promote choice, independence and community integration.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $635
Other Revenue $267,368
TOTAL REVENUE $268,003

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $224
Program Expenses $261,946
Other Expenses $268,659
TOTAL EXPENSES $268,659

Year-over-Year Comparison

2017 2016 Change
Revenue $268,003 $1,148,204 -0.8%
Expenses $268,659 $858,907 -0.7%
Net Income $-656 $289,297 -1.0%
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
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
9
$722,929
Total Directors
10
$262,443
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Jak Chairmain (Until 2/28/18) 2.00
Officer Director
$0 $0 $0
Ed Mullen Treasurer (Until 2/28/18) 2.00
Officer Director
$0 $0 $0
Dan Durbin Treasurer (From 2/28/18) 2.00
Officer Director
$0 $0 $0
Jolie Horen Secretary (Until 2/28/18) 2.00
Officer Director
$0 $0 $0
Chrisonia Butler Secretary (From 2/28/18) 2.00
Officer Director
$0 $24,904 $69,720
Ashvin Lad Director (Until 2/28/18) 2.00
Director
$0 $0 $0
Barnaby Dinges Director (Until 2/28/18) 2.00
Director
$0 $0 $0
Christine Darragh Director (Until 2/28/18) 2.00
Director
$0 $0 $0
Heather Nornes Director (From 2/28/18) 2.00
Director
$0 $0 $0
Betty Jackson Director (From 2/28/18) 2.00
Director
$0 $15,200 $192,723
Paul Seldon CEO (Until 2/28/18) 2.00
Officer
$0 $0 $184,808
Paul Naye CFO (Until 2/28/18) 2.00
Officer
$0 $0 $108,860
Mark McHugh President and CEO (From 2/28/18) 0.10
Officer
$0 $1,689 $189,528
Donald Kraska Chief Financial Officer (From 2/28/18) 0.10
Officer
$0 $30,298 $170,013
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
2018 $268,003 $268,659 No data $-656
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