Mather Investments Nfp
91% goes to programs Thin reserves Growing revenue
Mather Investments Nfp is a 501(c)(3) organization based in Evanston, Illinois, registered in 2001, with $74,364,366 in FY2024 revenue. CharityIndex grades it C, and it directs about 91% of spending to programs.
1560 Sherman Ave Ste 1010, Evanston, IL, 60201 EIN 36-4266878 Since 2001
Revenue (FY2024)
$74.4M
▲ 53.7% vs prior year
Human Services median: $293K
Expenses (FY2024)
$113.9M
Net assets
-$34.5M
Employees
492
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating91% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mather Investments Nfp: 91% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -53% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mather Investments Nfp: 0 mo reserves · -53% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mather Investments Nfp: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mather Investments Nfp: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Mather investments, nfp enhances the lives of older adults by creating and (continued on schedule o) operating senior living communities.
What they do
Mather investments, nfp continues its mission through its participation in joint venture operations. the joint ventures operate life plan communities.
Contact & location
- Address
- 1560 Sherman Ave Ste 1010, Evanston, IL, 60201
- City
- Evanston
- State
- Illinois
- Category
- Human Services
- Subcategory
- Services for Specific Populations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $16.6M (FY2013) to $74.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $115.2MNet assets -$34.5M
Operating margin
-53.1%
Spent more than it raised in the latest fiscal year.
Total assets
$80.7M
Total liabilities
$115.2M
Net assets
-$34.5M
Salaries & benefits
$20.4M
18% of expenses
Board members
3
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $74,364,366▲53.7% | $113,855,175▲164% | -$34,487,496▼467% | $80,748,510▼42.1% | 990 |
| 2023 | $48,376,580▲31.5% | $43,088,634▲31.5% | -$6,087,228▲15.1% | $139,372,022▲8.1% | 990 |
| 2022 | $36,776,934▲31.8% | $32,758,458▲9.3% | -$7,165,892▲6.9% | $128,881,443▲134% | 990 |
| 2021 | $27,896,059▼3.1% | $29,978,439▲2.2% | -$7,699,545▼42.3% | $54,973,565▲36.9% | 990 |
| 2020 | $28,776,469▼14.4% | $29,340,892▲5.8% | -$5,411,018▼35.4% | $40,153,172▲21.1% | 990 |
| 2019 | $33,615,706▲16.5% | $27,724,415▲12.6% | -$3,995,041▲45.7% | $33,162,311▲206% | 990 |
| 2018 | $28,863,407▲34.9% | $24,611,306▲5.4% | -$7,354,902▲37.3% | $10,824,935▲153% | 990 |
| 2017 | $21,402,670▲11.6% | $23,360,899▲3.4% | -$11,731,251▼13.6% | $4,280,710▲879% | 990 |
| 2016 | $19,176,932▼16.6% | $22,591,818▲10.8% | -$10,327,562▼35.2% | $437,380▼82.9% | 990 |
| 2015 | $22,996,514▲7.0% | $20,391,614 | -$7,640,851▲20.1% | $2,554,259▲30.6% | 990 |
| 2014 | $21,500,274▲29.3% | $20,382,568▼0.7% | -$9,568,268▲17.2% | $1,955,411▲5.2% | 990 |
| 2013 | $16,624,608 | $20,516,705▲20.5% | -$11,553,780▼28.7% | $1,858,910▼53.2% | 990 |
| 2012 | — | $17,032,875▼6.8% | -$8,978,060▼0.9% | $3,975,399▲5.1% | 990 |
| 2011 | — | $18,269,527▲14.6% | -$8,897,752▼13.6% | $3,780,808▼21.8% | 990 |
| 2010 | — | $15,941,241 | -$7,835,952 | $4,837,488 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Rajesh Radke — $341,252 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Rajesh Radke | General Manager | 50 | $341,252 |
| Kristina Pare | Director of Sales | 50 | $279,888 |
| Peter Muhlbach | General Manager | 50 | $259,698 |
| Beth Benswanger | Design & Move-in Coordinator | 50 | $161,933 |
| Maria Parham | Care Center Administrator | 50 | $159,199 |
| Carol L Sussenbach | Former Cfo & Treasurer | 0 | — |
| Christopher Manella | Svp Finance & Treasurer | 0.1 | — |
| Jenny Chan | Director | 0.1 | — |
| John R Phillips | Chairman | 0.1 | — |
| Julie Riggs | Secretary | 0.1 | — |
| Mary G Leary | President & Ceo | 0.1 | — |
| Mary Schoeggl | Cfo | 0.1 | — |
Top vendors & contractors (FY2018)
| Contractor | Services | Paid |
|---|---|---|
| Solomon Cordwell Buenz Associates | Architect | $547,244 |
| Bamo | Interior Design | $110,000 |
Grants received · $3.3M total
1 grant to Mather Investments Nfp totaling $3.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mather | Forgiveness of debt | 2019 | $3,259,176 |
Grants made · $18.2M in FY2024
2 grants totaling $18.2M in FY2024. All grants made by Mather Investments Nfp →
| Recipient | Purpose | Amount |
|---|---|---|
| Mather Foundation | Mission driven support | $15,301,079 |
| Mather | Mission driven support | $2,867,175 |
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Frequently asked questions
- Is Mather Investments Nfp a legitimate nonprofit?
- Yes. Mather Investments Nfp is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-4266878, based in Evanston, Illinois. Donations are tax-deductible.
- What is Mather Investments Nfp's EIN?
- Mather Investments Nfp's Employer Identification Number (EIN) is 36-4266878.
- How much revenue does Mather Investments Nfp report?
- Mather Investments Nfp reported $74,364,366 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mather Investments Nfp's spending goes to programs?
- Mather Investments Nfp spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mather Investments Nfp have?
- CharityIndex grades Mather Investments Nfp C, based on program efficiency and fundraising cost.
- How much does Mather Investments Nfp's highest-paid employee make?
- The highest reported compensation on Mather Investments Nfp's latest Form 990 is $341,252, paid to Rajesh Radke (General Manager).
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Data for Mather Investments Nfp (EIN 36-4266878) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.