ILLINOIS NETWORK OF CHARTER SCHOOLS (EIN 141862409) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

ANDREW BROY

Phone

3126292063

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS NETWORK OF CHARTER SCHOOLS, founded in 2002, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $4.2M left a modest 6% surplus.

Mission

ILLINOIS NETWORK OF CHARTER SCHOOLS (INCS) ADVOCATES FOR THE IMPROVEMENT OF PUBLIC EDUCATION BY LEVERAGING THE CHARTER SCHOOL MODEL AS A CATALYST TO TRANSFORM LIVES AND COMMUNITIES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,003,955

Program Service Revenue $383,783

Investment Income $127,954

Other Revenue $0

TOTAL REVENUE $4,515,692

Expense Breakdown

Grants Paid $1,268,598

Salaries & Benefits $2,027,359

Fundraising Expenses $207,438

Program Expenses $3,547,267

Other Expenses $946,089

TOTAL EXPENSES $4,242,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,515,692	$2,776,622	+0.6%
Expenses	$4,242,046	$2,908,145	+0.5%
Net Income	$273,646	$-131,523	-3.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$365,767

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WEINBERG	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
BART KOCHA	TREASURER	1.00	Officer Director	$0	$0	$0
WILL BURNS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CHIZEWER	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL COBB	DIRECTOR	1.00	Director	$0	$0	$0
BLONDEAN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF DEIGAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM FRANK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HAJDUKOVIC	DIRECTOR	1.00	Director	$0	$0	$0
TIM HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BROY	PRESIDENT	37.60	Officer	$334,866	$30,901	$365,767
JODIE CANTRELL	CHIEF OF EXTERNAL AFFAIRS	34.00	Highest	$182,730	$15,290	$198,020
ALLISON JACK	DIRECTOR OF CHARTER GROWTH AND SUPPORT	40.00	Highest	$166,033	$17,814	$183,847
JOYANNA SMITH	CHIEF PROGRAM OPERATIONS OFFICER	40.00	Highest	$171,387	$10,708	$182,095
CHRISTIAN FEAMAN	DIRECTOR OF DISTRICT ADVOCACY	40.00	Highest	$111,924	$26,853	$138,777

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	No data	No data	No data	No data
2023	$4,515,692	$4,242,046	$9,932,494	$273,646
2022	$2,776,622	$2,908,145	$7,305,088	$-131,523
2021	$2,820,075	$2,769,498	$7,575,689	$50,577
2020	$3,225,168	$2,822,090	$7,778,050	$403,078
2019	$2,836,199	$2,376,921	$7,070,648	$459,278
2018	$3,020,945	$2,505,543	$6,565,508	$515,402

ILLINOIS NETWORK OF CHARTER SCHOOLS