CHICAGO PARKS 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

Willa Lang

Phone

3127425105

Tax Period

2024-01-01 to 2024-12-31

CHICAGO PARKS FOUNDATION, founded in 2012, is a community nonprofit in the Recreation & Sports sector that reported $4.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 47% operating margin.

Mission

The Chicago Parks Foundation is a separate 501 (c) (3) non-profit organization that also serves as the strategic partner for the coordination of fundraising and charitable resources for the Chicago Park District.

Program Service Accomplishments

Program 1

Expenses: $1,276,926 Revenue: $0

CPD Youth, Sports, Health and Recreation Programs

Program 2

Expenses: $443,156 Revenue: $0

Advisory Councils and Fiscal Partners

Program 3

Expenses: $269,910 Revenue: $0

Park Enhancement

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,022,416

Program Service Revenue $3,225

Investment Income $417,538

Other Revenue $460,050

TOTAL REVENUE $4,903,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $682,364

Fundraising Expenses $87,278

Program Expenses $2,385,991

Other Expenses $1,915,926

TOTAL EXPENSES $2,598,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,903,229	$4,315,548	+0.1%
Expenses	$2,598,290	$4,341,039	-0.4%
Net Income	$2,304,939	$-25,491	-91.4%

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

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

Total Directors

Key Employees

$257,496

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Willa Lang	Executive Director	40	Key Emp Highest	$257,496	$0	$257,496
Michael Smith	Board Chair	2	Officer Director	$0	$0	$0
Karen Sheehan	Secretary	2	Officer Director	$0	$0	$0
Bryan Traubert	Board Member	2	Director	$0	$0	$0
Matthew Roling	Board Member	2	Director	$0	$0	$0
Matthew Jacobson	Board Member	2	Director	$0	$0	$0
Sagar Pandya	Board Member	2	Director	$0	$0	$0
Katherine Mackenzie	Board Member	2	Director	$0	$0	$0
Mark-Hans Richer	Board Member	2	Director	$0	$0	$0
Manisha Kaul	Board Member	2	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	$4,903,229	$2,598,290	$10,285,168	$2,304,939
2023	$4,315,548	$4,341,039	$10,010,253	$-25,491
2022	$4,155,415	$2,550,807	$8,109,583	$1,604,608
2021	$4,256,299	$2,123,065	$6,269,164	$2,133,234
2020	$4,486,912	$3,613,954	$5,863,664	$872,958
2019	$2,787,391	$2,162,100	$3,125,902	$625,291
2018	$2,678,899	$3,326,849	$2,471,479	$-647,950