CHOOSE CHICAGO 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

2012

Legal Domicile

Principal Officer

JAMES MEYER

Phone

3125678560

Tax Period

2023-01-01 to 2023-12-31

CHOOSE CHICAGO FOUNDATION, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 104363% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.9M, a strong 97% operating margin.

Mission

THE CHOOSE CHICAGO FOUNDATION ACCELERATES THE CIVIC, CULTURAL, AND ECONOMIC GROWTH OF CHICAGO THROUGH TRAVEL AND TOURISM INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $197,231

THE CHOOSE CHICAGO FOUNDATION STRATEGICALLY PROMOTES EQUITY, DIVERSITY, AND INCLUSION INITIATIVES THAT BENEFIT YOUTH, COMMUNITY, AND WORKFORCE DEVELOPMENT. THE FOUNDATION WILL OFFER FINANCIAL SUPPORT AND LONG-TERM TRAINING OPPORTUNITIES FOR ETHNICALLY AND ECONOMICALLY DIVERSE COMMUNITIES FOR ADVANCEMENT WITHIN THE HOSPITALITY AND TOURISM INDUSTRY.

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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 $8,079,744

Program Service Revenue $0

Investment Income $16,278

Other Revenue $-2,240

TOTAL REVENUE $8,093,782

Expense Breakdown

Grants Paid $197,231

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,231

Other Expenses $12,488

TOTAL EXPENSES $209,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,093,782	$7,748	+1043.6%
Expenses	$209,719	$141,552	+0.5%
Net Income	$7,884,063	$-133,804	-59.9%

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

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

$940,027

Total Directors

$804,485

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN OSMOND	PRESIDENT AND CEO	0.50	Officer Director	$0	$9,900	$546,065
W JAMES MEYER	CFO	1.00	Officer Director	$0	$7,526	$258,420
ROSILYNN STUTTLY	DIRECTOR	15.00	Officer	$0	$15,542	$135,542

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	$8,093,782	$209,719	$8,510,181	$7,884,063
2022	$7,748	$141,552	$625,943	$-133,804
2021	$2,550,000	$2,408,872	$859,781	$141,128
2020	$75,188	$32,417	$668,538	$42,771
2019	$150,411	$12,102	$651,554	$138,309
2018	$102,108	$2,632	$493,825	$99,476