TIAA CHARITABLE INC

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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

2014

Legal Domicile

Principal Officer

HELINE BEACH

Phone

8003924420

Tax Period

2021-01-01 to 2021-05-14

TIAA CHARITABLE INC, founded in 2014, is a mid-sized nonprofit that reported $26.2M in total revenue in fiscal year 2020. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $170.6M exceeded revenue, resulting in a 550% operating deficit.

Mission

TIAA CHARITABLE IS FORMED TO ENCOURAGE PHILANTHROPY AND CHARITABLE GIVING BY RECEIVING GIFTS OF MONEY OR PROPERTY, INVESTING AND REINVESTING THE SAME, PROVIDING SUPPORT AND ASSISTANCE TO ENCOURAGE THE MAKING OF CHARITABLE CONTRIBUTIONS, AND APPLYING THE INCOME AND PRINCIPAL THEREOF THROUGH CONTRIBUTIONS TO THE ORGANIZATIONS OR DIRECTLY FOR SUCH ACTIVITIES IN FUTHERANCE OF ITS CHARITABLE PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $170,420,455

TIAA CHARITABLE SEEKS TO FACILITATE, SUPPORT AND INCREASE CHARITABLE ACTIVITIES BY ACTING AS A SPONSORING ORGANIZATION OF DONOR ADVISED FUNDS AND BY MAKING GRANTS TO QUALIFIED CHARITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $4,703,989

Program Service Revenue $0

Investment Income $21,530,183

Other Revenue $1,982

TOTAL REVENUE $26,236,154

Expense Breakdown

Grants Paid $31,786,214

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,420,455

Other Expenses $138,779,482

TOTAL EXPENSES $170,565,696

Year-over-Year Comparison

	2020	2019	Change
Revenue	$26,236,154	$59,062,294	-0.6%
Expenses	$170,565,696	$51,281,824	+2.3%
Net Income	$-144,329,542	$7,780,470	-19.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS A ROTHERMICH	DIRECTOR	1.0	Director	$0	$0	$0
HARRY KLARISTENFELD	DIRECTOR	1.0	Director	$0	$0	$0
ROSALIE J WOLF	DIRECTOR	1.0	Director	$0	$0	$0
BEVERLY DANIEL TATUM	DIRECTOR	1.0	Director	$0	$0	$0
MURIEL HOWARD	DIRECTOR	1.0	Director	$0	$0	$0
CHRIS CARNAL	PRES/CEO/CHAIR (UNTIL 2/28/21)	5.0	Officer Director	$0	$0	$0
MICHAEL KAHN	DIRECTOR	1.0	Director	$0	$0	$0
JANET RAMOS	ASSISTANT SECRETARY	1.0	Officer	$0	$0	$0
GARY HERZLICH	GENERAL COUNSEL/ASST SECRETARY	21.0	Officer	$0	$0	$0
HELINE BEACH	VICE PRESIDENT	40.0	Officer	$0	$0	$0
ADAM ELMORE	CONTROLLER	2.0	Officer	$0	$0	$0
JOSEPH GERHARZ	CHIEF FINANCIAL OFFICER	5.0	Officer	$0	$0	$0
JORGE GUTIERREZ	TREASURER	1.0	Officer	$0	$0	$0
JENNIFER SISOM	TREASURER	1.0	Officer	$0	$0	$0
MATTHEW FITZPATRICK	CHIEF RISK OFFICER	1.0	Officer	$0	$0	$0
DAVID LYONS	CHIEF COMP OFFICER	3.0	Officer	$0	$0	$0
MARY CATHERINE BENEDETTO	SECRETARY	1.0	Officer	$0	$0	$0
CJ HEALD	ASSISTANT TREASURER	1.0	Officer	$0	$0	$0
KRISTEN DOSCHER	ASSISTANT SECRETARY	1.0	Officer	$0	$0	$0
DANNY TUNSUPONG	ASSISTANT SECRETARY	1.0	Officer	$0	$0	$0
CHRISTOPHER BARAKS	VICE PRESIDENT, TAX	1.0	Officer	$0	$0	$0
JACOBY DAMION	VICE PRESIDENT, TAX	1.0	Officer	$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
2021	$26,236,154	$170,565,696	No data	$-144,329,542
2020	$59,062,294	$51,281,824	$164,908,254	$7,780,470
2019	$80,866,360	$43,703,324	$148,786,653	$37,163,036
2018	$60,150,800	$22,574,300	$102,948,300	$37,576,500