Diamond Education Foundation

EIN: 383835307 501(c)(3) Medical Research

Chicago, IL

Total Revenue
$1,077,818
Total Expenses
$1,440,269
Total Assets
$526,040
Net Assets
$526,040
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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
2011
Legal Domicile
IL
Principal Officer
Konrad Kothmann
Phone
3128679104
Tax Period
2024-01-01 to 2024-12-31

Diamond Headache Clinic Research and Educational Foundation, founded in 2011, is a community nonprofit in the Medical Research sector that reported $2.2M in total revenue in fiscal year 2018. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $569K, a strong 25% operating margin.

Mission

The Organization provides education for professionals and non-professionals in the field of headache and related painful conditions.

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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 $653,500
Program Service Revenue $424,251
Investment Income $67
Other Revenue $0
TOTAL REVENUE $1,077,818

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,000
Fundraising Expenses $0
Program Expenses $1,152,993
Other Expenses $1,389,269
TOTAL EXPENSES $1,440,269

Year-over-Year Comparison

2024 2023 Change
Revenue $1,077,818 $1,582,147 -0.3%
Expenses $1,440,269 $1,459,407 0.0%
Net Income $-362,451 $122,740 -4.0%
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
3
Independent Members
2
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
3
$704,949
Total Directors
5
$1,673,930
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Konrad Kothmann President 10.00
Officer Director
$51,000 $0 $704,949
Dr Merle Diamond Former Director 0.00
Director
$37,110 $0 $611,301
Dr George Urban Former Director 0.00
Director
$11,450 $0 $357,680
Paul L Fourt Secretary 10.00
Officer Director
$0 $0 $0
Lisbeth S Davis Treasurer 0.00
Officer 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 $1,077,818 $1,440,269 $526,040 $-362,451
2023 $1,582,147 $1,459,407 $888,491 $122,740
2022 $1,420,991 $2,362,128 $765,751 $-941,137
2021 $1,473,254 $1,151,591 $1,706,888 $321,663
2020 $812,986 $781,060 $1,385,225 $31,926
2019 $2,007,362 $1,549,323 $1,353,299 $458,039
2018 $2,241,484 $1,672,962 $895,260 $568,522
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