CHICAGO POLICE MEMORIAL FOUNDATION (EIN 562450501) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

SANDRA WORTHAM

Phone

3124998899

Tax Period

2023-01-01 to 2023-12-31

CHICAGO POLICE MEMORIAL FOUNDATION, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.9M in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 50% operating margin.

Mission

THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO HONORING THE LIVES OF OUR FALLEN HEROES. THE FOUNDATION PROVIDES SUPPORT AND ASSISTANCE TO THE FAMILIES OF CHICAGO POLICE OFFICERS WHO WERE KILLED OR CATASTROPHICALLY INJURED IN THE LINE OF DUTY.

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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 $2,676,045

Program Service Revenue $0

Investment Income $201,556

Other Revenue $1,594,795

TOTAL REVENUE $4,472,396

Expense Breakdown

Grants Paid $1,430,588

Salaries & Benefits $790,377

Fundraising Expenses $714,538

Program Expenses $2,480,771

Other Expenses $1,166,156

TOTAL EXPENSES $3,387,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,472,396	$4,388,313	+0.0%
Expenses	$3,387,121	$2,980,090	+0.1%
Net Income	$1,085,275	$1,408,223	-0.2%

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

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
PHILIP CLINE	EXECUTIVE DI	1.00	Highest	$210,100	$5,040	$215,140
TIM CABALLERO	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENDAN DEENIHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN DURKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT FOERSTERLING	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN LAUSCH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY MARINO	BOARD MEMBER	5.00	Director	$0	$0	$0
JOSEPH PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS ROTI	BOARD MEMBER	5.00	Director	$0	$0	$0
JAMES SARALLO	BOARD MEMBER	1.00	Director	$0	$0	$0
LEO SCHMITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL SLADE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL T SWEIG	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON WINKLER	TREASURER	1.00	Officer Director	$0	$0	$0
SANDRA WORTHAM	PRESIDENT	15.00	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	No data	No data	No data	No data
2023	$4,472,396	$3,387,121	$21,098,250	$1,085,275
2022	$4,388,313	$2,980,090	$18,441,224	$1,408,223
2021	$6,539,777	$2,483,553	$19,000,783	$4,056,224
2020	$4,187,041	$4,216,967	$15,535,420	$-29,926
2019	$4,310,235	$1,908,298	$14,800,895	$2,401,937
2018	$3,870,771	$1,941,090	$11,636,465	$1,929,681

CHICAGO POLICE MEMORIAL FOUNDATION