The Edith And Frances Mulhall Achilles Memorial Fund
The Edith And Frances Mulhall Achilles Memorial Fund consistently operates with an asset base over $10 million but frequently reports annual deficits.
EIN: 137102170 · Chicago, IL · NTEE: T21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $837K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.3M |
| Transparency Score | 75/100 |
Is The Edith And Frances Mulhall Achilles Memorial Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Edith And Frances Mulhall Achilles Memorial Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Edith And Frances Mulhall Achilles Memorial Fund
The Edith And Frances Mulhall Achilles Memorial Fund (EIN: 137102170) is a nonprofit organization based in Chicago, IL, classified under NTEE code T21Z. The organization reported total revenue of $5.3M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Edith And Frances Mulhall Achilles Memorial Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Edith And Frances Mulhall Achilles Memorial Fund is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $461K |
| Total Expenses | $837K |
| Surplus / Deficit | $-375,558 |
| Total Assets | $11.3M |
| Total Liabilities | $1 |
| Net Assets | $11.3M |
| Operating Margin | -81.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 161.4 months |
Financial Health Grade: B
In 2023, The Edith And Frances Mulhall Achilles Memorial Fund reported a deficit of $376K with expenses exceeding revenue, holds 161.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Edith And Frances Mulhall Achilles Memorial Fund's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.9% | -10.3% | -3.2% |
| 2022 | -54.6% | +12.6% | -2.8% |
| 2021 | +48.9% | +15.9% | +4.1% |
| 2020 | -54.5% | -4.0% | +1.4% |
| 2019 | +201.5% | +12.4% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Edith And Frances Mulhall Achilles Memorial Fund with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Edith And Frances Mulhall Achilles Memorial Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $376K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through mechanisms not classified as direct officer compensation, which is highly efficient for an organization with over $11 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Edith And Frances Mulhall Achilles Memorial Fund's IRS 990 filings:
- Consistent annual deficits in recent years (e.g., 2023 expenses $836,711 vs. revenue $461,153), potentially indicating reliance on endowment drawdowns.
Strengths
The following positive indicators were identified for The Edith And Frances Mulhall Achilles Memorial Fund:
- Strong and stable asset base, consistently over $10 million, indicating long-term financial security.
- Extremely low liabilities, often reported as $1, suggesting excellent financial management and minimal debt.
- 0% officer compensation reported across all filings, indicating highly efficient leadership costs.
- Consistent IRS 990 filing history over a decade, demonstrating transparency and compliance.
Frequently Asked Questions about The Edith And Frances Mulhall Achilles Memorial Fund
Is The Edith And Frances Mulhall Achilles Memorial Fund a legitimate charity?
The Edith And Frances Mulhall Achilles Memorial Fund (EIN: 137102170) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.3M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does The Edith And Frances Mulhall Achilles Memorial Fund spend its money?
The Edith And Frances Mulhall Achilles Memorial Fund directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Edith And Frances Mulhall Achilles Memorial Fund tax-deductible?
The Edith And Frances Mulhall Achilles Memorial Fund is registered as a tax-exempt nonprofit (EIN: 137102170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Edith And Frances Mulhall Achilles Memorial Fund CEO make?
The Edith And Frances Mulhall Achilles Memorial Fund's highest-compensated officer earns $11 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Edith And Frances Mulhall Achilles Memorial Fund's spending goes to programs?
The Edith And Frances Mulhall Achilles Memorial Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Edith And Frances Mulhall Achilles Memorial Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Edith And Frances Mulhall Achilles Memorial Fund is above average for NTEE category T21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Edith And Frances Mulhall Achilles Memorial Fund located?
The Edith And Frances Mulhall Achilles Memorial Fund is headquartered in Chicago, Illinois and files with the IRS under EIN 137102170. It is classified under NTEE code T21Z.
How many years of IRS 990 filings does The Edith And Frances Mulhall Achilles Memorial Fund have?
The Edith And Frances Mulhall Achilles Memorial Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.3M in total revenue.
Is The Edith And Frances Mulhall Achilles Memorial Fund financially stable?
Yes, the fund appears financially stable, maintaining an asset base of over $11 million as of 2023 and consistently reporting minimal liabilities ($1 in recent years). While it has operated at an annual deficit in some years (e.g., $836,711 expenses vs. $461,153 revenue in 2023), this is common for foundations that distribute from their endowment.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated significantly, from a high of $1,918,214 in 2019 to $461,153 in 2023. Expenses have been more consistent, generally ranging between $700,000 and $900,000 annually, with a peak of $932,766 in 2022. In recent years (2022, 2023), expenses have exceeded revenue.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating that its officers are not directly compensated.
Filing History
IRS 990 filing history for The Edith And Frances Mulhall Achilles Memorial Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Edith And Frances Mulhall Achilles Memorial Fund's revenue has declined by 23.1%, moving from $600K to $461K. Total assets increased by 9.2% over the same period, from $10.3M to $11.3M. Total functional expenses rose by 16.6%, from $718K to $837K. In its most recent filing year (2023), The Edith And Frances Mulhall Achilles Memorial Fund reported a deficit of $376K, with expenses exceeding revenue. The organization holds $1 in liabilities against $11.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $461K | $837K | $11.3M | $1 | — | View 990 |
| 2022 | $590K | $933K | $11.6M | $1 | — | View 990 |
| 2021 | $1.3M | $828K | $12.0M | $1 | — | — |
| 2020 | $874K | $714K | $11.5M | $1 | — | — |
| 2019 | $1.9M | $744K | $11.3M | $0 | — | View 990 |
| 2015 | $636K | $662K | $10.2M | $0 | — | View 990 |
| 2014 | $688K | $752K | $10.2M | $0 | — | View 990 |
| 2013 | $835K | $680K | $10.2M | $0 | — | View 990 |
| 2012 | $520K | $734K | $10.1M | $0 | — | View 990 |
| 2011 | $600K | $718K | $10.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $461K, expenses of $837K, and assets of $11.3M (revenue -21.9% year-over-year).
- 2022: Revenue of $590K, expenses of $933K, and assets of $11.6M (revenue -54.6% year-over-year).
- 2021: Revenue of $1.3M, expenses of $828K, and assets of $12.0M (revenue +48.9% year-over-year).
- 2020: Revenue of $874K, expenses of $714K, and assets of $11.5M (revenue -54.5% year-over-year).
- 2019: Revenue of $1.9M, expenses of $744K, and assets of $11.3M (revenue +201.5% year-over-year).
- 2015: Revenue of $636K, expenses of $662K, and assets of $10.2M (revenue -7.6% year-over-year).
- 2014: Revenue of $688K, expenses of $752K, and assets of $10.2M (revenue -17.6% year-over-year).
- 2013: Revenue of $835K, expenses of $680K, and assets of $10.2M (revenue +60.5% year-over-year).
- 2012: Revenue of $520K, expenses of $734K, and assets of $10.1M (revenue -13.2% year-over-year).
- 2011: Revenue of $600K, expenses of $718K, and assets of $10.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Edith And Frances Mulhall Achilles Memorial Fund:
Data Sources and Methodology
This transparency report for The Edith And Frances Mulhall Achilles Memorial Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.