THE CUTTING EDGE FOUNDATION

EIN: 202700877 501(c)(3)

CHICAGO, IL

Total Revenue
$3,050
Total Expenses
$6,074
Total Assets
$4,640
Net Assets
$4,640
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IL
Phone
8476518168
Tax Period
2019-01-01 to 2019-12-31

THE CUTTING EDGE FOUNDATION, founded in 2005, is a micro nonprofit that reported $3K in total revenue in fiscal year 2019. Revenue surged 239% from the prior year, signaling strong growth momentum. Expenses of $6K exceeded revenue, resulting in a 99% operating deficit.

Mission

THE CUTTING EDGE FOUNDATION PROVIDES FOR FUNDING OF SURGICAL PROCEDURES AND SURGICAL RESEARCH TO ADVANCE THE ART OF SURGERY FOR THE PURPOSE OF TREATING THOSE WITH PHYSICAL DEFORMITIES, MEDICAL AND SURGICAL DISEASES, BUT LIMITED FINANCIAL MEANS OF OBTAINING SUCH CARE. THE FUNDING IS PROVIDED TO HOSPITALS AND MEDICAL CENTERS RECOGNIZED FOR THEIR EXPERTISE IN TREATING MEDICAL AND SURGICAL DISEASES, EMPHASIS ON RESEARCH, AS WELL AS COMMITMENT TO TREATING THOSE WITH LIMITED FINANCIAL MEANS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $3,050
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,050

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,000
Other Expenses $1,074
TOTAL EXPENSES $6,074

Year-over-Year Comparison

2019 2018 Change
Revenue $3,050 $900 +2.4%
Expenses $6,074 $22,431 -0.7%
Net Income $-3,024 $-21,531 -0.9%
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
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ILIANA SWEIS President 15.00
Officer
$0 $0 $0
SARA MARTENS Vice President 1.00
Officer
$0 $0 $0
STEVEN GRANT Treasurer 1.00
Officer
$0 $0 $0
MARGIE TELLER Secretary 1.00
Officer
$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
2019 $3,050 $6,074 $4,640 $-3,024
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