Mather

EIN 36-2233542 Supporting organization Evanston, IL Founded 1941

Form 990 (PDF) Compare with another nonprofit →

Verified accurate 7/9/26 · see original filing: IRS

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Size

$10–100M

What they do

Enhances older adults' lives through senior living, community programs, research, and education.

Leadership

Mary G Leary · President & CEO · $2.3M

Money in and out

$56.1M revenue, $55.8M expenses

Bottom line

0% net inflow

Enhances older adults' lives through senior living, community programs, research, and education. For fiscal year 2024 it reported $56.1M in revenue, $55.8M in expenses, and $9.0M in net assets.Pt I

Money in and out · FY2024

Total revenue

$56.1M

Pt VIII · Ln 12

Total expenses

$55.8M

Pt IX · Ln 25

Net assets

$9.0M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $268K

Where spending went · Part IX cols B–D

56%

44%

Program services $0.56 Management & general $0.44

Net inflow

revenue over expenses, this year▲ +143% vs prior filing year

Pass-through gifts

34%

of revenue from contributions▼ -29% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Revenue

$56.1M

FY2024▲ +9%

Expenses

$55.8M

FY2024▲ +8%

Total assets

$230.0M

FY2024▲ +2%

Total liabilities

$221.0M

FY2024▲ +1%

Total revenue

$56.1M

Pt VIII · Ln 12

Total expenses

$55.8M

Pt IX · Ln 25

Net assets

$9.0M

Pt X · Ln 32

Revenue less expensesPt I · Ln 19$268K

Total assetsPt X · Ln 16$230.0M

Program-expense ratioPt IX · col B56%

Voting members of governing bodyPt I · Ln 3pending

Independent voting membersPt I · Ln 4pending

Mission & Programs · Part III

Where the work happens

3 program services account for $28.9M of program spending, described in the organization's own filed words · FY2023.

Mather life plan communities provide older adults with living accommodations, services and care.

$26.5Mprogram expense

Mather, via mather institute, provides research and education to improve the lives of older adults.

$1.4Mprogram expense

Mather, via community initiatives, provides community based services for older adults in the chicago area.

$965Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CMather

EINHdr · item D36-2233542

Principal addressHdr · item CEvanston, IL

WebsiteHdr · item Jwww.mather.com

Year of formationHdr · item L1941

State of legal domicileHdr · item MIL

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFHuman Services (P19)

Ruling yearIRS BMFJan 2015

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Mary G Leary

President & CEO

$2,347,083Pt VII · Sec A

Carol L Sussenbach

CFO & Treasurer - Thru 4/2023

$817,872Pt VII · Sec A

David Murlette

SVP Senior Living

$680,591Pt VII · Sec A

Joseph J Zajdel

SVP Business Development

$647,734Pt VII · Sec A

Mary Sullivan

Former SVP Human Resources

$616,324Pt VII · Sec A

Gale Morgan-Johnston

SVP Sales

$494,484Pt VII · Sec A

Brenda P Schreiber

SVP Marketing

$472,892Pt VII · Sec A

Meredith Boyle

SVP Strategic Initiatives

$466,603Pt VII · Sec A

Mary G Leary’s $2.3M as President & CEO is at the 100th percentile of top reported officer pay among 3123 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2023	FY2022	FY2021	FY2020
Mary G Leary	$2,347,083	$1,730,479	$2,316,341	$1,624,202
Carol L Sussenbach	$817,872	$673,599	$885,981	—
Mary Sullivan	$616,324	$538,248	$722,120	$460,947
David Murlette	$680,591	$558,737	$505,722	$344,894
Joseph J Zajdel	$647,734	$603,964	$614,166	—
Carol Sussenbach	—	—	—	$613,344
Joseph Zajdel	—	—	—	$567,097
Gale Morgan-Johnston	$494,484	$457,010	$482,993	$469,575

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII

Other revenue$36.8M · 66%

Contributions & grants$19.3M · 34%

Other revenue66%$36.8M

Contributions & grants34%$19.3M

Total revenueLn 12$56.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

56%

44%

Program services $0.56 Management & general $0.44

Program services56%$31.4M

Management & general44%$24.4M

Total functional expensesLn 25$55.8M

Balance Sheet

Part X · end of year

CashLn 1—

Total assetsLn 16$230.0M

Total liabilitiesLn 26$221.0M

Total net assetsLn 32$9.0M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves — · Operating expenses/yr $55.8M

Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).

Where the money goes

Program services

Program services — · Total expenses $55.8M

—

Management & General

Management & general — · Total expenses $55.8M

—

Fundraising

Fundraising — · Total expenses $55.8M

—

Cost to raise $1

Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $22.2M

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $19.3M · Total revenue $56.1M

34%

Government reliance

Government grants — · Total revenue $56.1M

—

Earned-income share

Program service revenue — · Total revenue $56.1M

—

Investment reliance

Investment income — · Total revenue $56.1M

—

Program self-sufficiency

Program service revenue — · Total expenses $55.8M

—

Growth & trend

Revenue growth (YoY)

This year $56.1M · Prior year $51.3M

+9%

Revenue CAGR

FY2020 $49.7M · FY2024 $56.1M

+3%

Net-asset trend (YoY)

End of year $9.0M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $56.1M · Expenses $55.8M

Liabilities-to-Assets

Total liabilities — · Total assets $230.0M

—

Net-asset ratio

Net assets $9.0M · Total assets $230.0M

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $230.0M

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual — · Reported title — · Highest reported compensation — · Total expenses $55.8M

No individual compensation reported on this filing

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $55.8M

—

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	56%	—	—
Overhead ratio	44%	—	—
Revenue growth	9%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record

Grants received · FY2024

Mather FoundationFY2024$16.4M

Mather Investments NfpFY2024$2.9M

Total grants receivedfrom 2 funders$19.3M

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2024 (Latest)$56.1M revenue · viewing · ⤓ 990 PDF

FY2023$51.3M revenue · ⤓ 990 PDF

FY2022$44.5M revenue · ⤓ 990 PDF

FY2021$84.9M revenue · ⤓ 990 PDF

FY2020$49.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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