ASSET FUNDERS NETWORK

EIN: 831215288 501(c)(3) Philanthropy & Grantmaking

CHICAGO, IL

Total Revenue
$4,843,157
Total Expenses
$5,350,429
Total Assets
$2,387,259
Net Assets
$2,123,064
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IL
Principal Officer
JOSEPH A ANTOLIN
Phone
3122960700
Tax Period
2024-01-01 to 2024-12-31

ASSET FUNDERS NETWORK, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE MISSION OF ASSET FUNDERS NETWORK IS TO ENGAGE PHILANTHROPY TO ADVANCE EQUITABLE WEALTH BUILDING AND ECONOMIC MOBILITY

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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 $4,470,500
Program Service Revenue $358,859
Investment Income $13,798
Other Revenue $0
TOTAL REVENUE $4,843,157

Expense Breakdown

Grants Paid $75,000
Salaries & Benefits $3,725,357
Fundraising Expenses $5,491
Program Expenses $3,674,515
Other Expenses $1,550,072
TOTAL EXPENSES $5,350,429

Year-over-Year Comparison

2024 2023 Change
Revenue $4,843,157 $4,377,951 +0.1%
Expenses $5,350,429 $4,374,725 +0.2%
Net Income $-507,272 $3,226 -158.2%
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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Governance

Voting Members
15
Independent Members
15
Employees
37
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
5
$270,846
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
9
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH A ANTOLIN PRESIDENT AND CEO 30.00
Officer
$270,846 $0 $270,846
ANNIKA LITTLE MANAGING DIRECTOR 30.00
Highest
$195,236 $0 $195,236
ABBY HUGHES HOLSCLAW SENIOR DIRECTOR 30.00
Highest
$155,524 $0 $155,524
KAREN MURRELL MEMBERSHIP DIRECTOR 26.00
Highest
$130,309 $0 $130,309
VELVET BRYANT REGIONAL PROGRAM OFFICER 26.00
Highest
$130,215 $0 $130,215
LEAH MAYOR SENIOR DIRECTOR 26.00
Highest
$122,046 $0 $122,046
KARAMA NEAL STRATEGIC PROJECT DIRECTOR 26.00
Highest
$115,909 $0 $115,909
AMANDA ARIZOLA REGIONAL PROGRAM OFFICER 26.00
Highest
$104,043 $0 $104,043
REBECA RANGEL REGIONAL PROGRAM OFFICER 26.00
Highest
$103,003 $0 $103,003
CHRISTI BAKER DIRECTOR OF STRATEGIC INITIATIVES 26.00
Highest
$101,605 $0 $101,605
KAREN BROWN MEMBER 0.00
Director
$0 $0 $0
SARA KELLER MEMBER 0.00
Director
$0 $0 $0
LORA YORK MEMBER 0.00
Director
$0 $0 $0
REGAN GRUBER MOFFITT MEMBER 0.00
Director
$0 $0 $0
MONIQUE CARSWELL MEMBER 0.00
Director
$0 $0 $0
PHILIP FITZGERALD MEMBER 0.00
Director
$0 $0 $0
JENNIFER HIGGINS MEMBER 0.00
Director
$0 $0 $0
ROBERT BURNS MEMBER 0.00
Director
$0 $0 $0
CAMILLE EMEAGWALI MEMBER 0.00
Director
$0 $0 $0
FRANCESCA JEAN BAPTISTE MEMBER 0.00
Director
$0 $0 $0
STACY SPANN MEMBER 0.00
Director
$0 $0 $0
REV CORY ANDERSON CO-CHAIR 1.00
Officer Director
$0 $0 $0
JEFFREY KIM CO-CHAIR 1.00
Officer Director
$0 $0 $0
SARAH WILLIS ERTUR SECRETARY 1.00
Officer Director
$0 $0 $0
PAULA DAMBROSA TREASURER 1.00
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 $4,843,157 $5,350,429 $2,387,259 $-507,272
2023 $4,377,951 $4,374,725 $2,901,743 $3,226
2022 $3,609,327 $3,379,068 $2,915,517 $230,259
2021 $2,786,750 $2,727,235 $2,626,908 $59,515
2020 $3,844,529 $1,927,021 $2,540,695 $1,917,508
2019 $2,096,785 $1,676,957 $493,301 $419,828
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