CELEBRITY FIGHT NIGHT FOUNDATION INC

EIN: 860903119 501(c)(3) Philanthropy & Grantmaking

CHICAGO, IL

Total Revenue
$500,104
Total Expenses
$1,530,700
Total Assets
$407,727
Net Assets
$364,255
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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
1998
Legal Domicile
AZ
Principal Officer
PETER STEELE
Phone
8882212873
Tax Period
2024-07-01 to 2025-06-30

CELEBRITY FIGHT NIGHT FOUNDATION INC, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $500K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 206% operating deficit.

Mission

PRESENT ANNUAL CHARITY EVENT TO SUPPORT GATEWAY FOR CANCER RESEARCH.

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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 $500,104
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $500,104

Expense Breakdown

Grants Paid $1,500,000
Salaries & Benefits $0
Fundraising Expenses $282
Program Expenses $1,500,000
Other Expenses $30,700
TOTAL EXPENSES $1,530,700

Year-over-Year Comparison

2024 2023 Change
Revenue $500,104 $823,599 -0.4%
Expenses $1,530,700 $85,772 +16.8%
Net Income $-1,030,596 $737,827 -2.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD J STEPHENSON CHAIRMAN 0.30
Officer Director
$0 $0 $0
DR STACIE J STEPHENSON VICE CHAIR 0.30
Officer Director
$0 $0 $0
FRED DEGRANDIS DIRECTOR 0.30
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
2025 $500,104 $1,530,700 $407,727 $-1,030,596
2024 No data No data No data No data
2023 $2,084,418 $2,562,170 $1,323,111 $-477,752
2022 $2,086,225 $1,238,227 $2,391,493 $847,998
2021 $1,620,215 $803,017 $1,975,446 $817,198
2020 $293,750 $1,282,977 $1,071,531 $-989,227
2019 $4,736,243 $4,037,741 $2,842,171 $698,502
2018 $2,312,502 $2,710,679 $1,412,833 $-398,177
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