CHICAGO FREEDOM SCHOOL (EIN 204735643) - 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

2006

Legal Domicile

Principal Officer

TONY ALVARADO-RIVERA

Phone

3124351201

Tax Period

2023-01-01 to 2023-12-31

CHICAGO FREEDOM SCHOOL, founded in 2006, is a small nonprofit in the Education sector that reported $919K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDES SPACE TO STUDY & UNDERSTAND SOCIAL ISSUES, BUILD & DEVELOP STRATEGIES FOR CHANGE.

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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 $898,789

Program Service Revenue $9,301

Investment Income $4,240

Other Revenue $6,409

TOTAL REVENUE $918,739

Expense Breakdown

Grants Paid $90,841

Salaries & Benefits $406,550

Fundraising Expenses $166,942

Program Expenses $699,384

Other Expenses $581,522

TOTAL EXPENSES $1,078,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$918,739	$952,174	0.0%
Expenses	$1,078,913	$1,284,078	-0.2%
Net Income	$-160,174	$-331,904	-0.5%

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

$83,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA MUNGUIA	CO-CHAIR	3.00	Officer Director	$0	$0	$0
STEVEN ROSADO	CO-CHAIR	3.00	Officer Director	$0	$0	$0
JANE PALMER	TREASURER	2.50	Officer Director	$0	$0	$0
FAUSTO LOPEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID CHAVEZ	DIRECTOR	1.00	Director	$0	$0	$0
AILIANA DENIS	DIRECTOR	1.00	Director	$0	$0	$0
GERVAIS MARSH	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR SURRAT	DIRECTOR	1.00	Director	$0	$0	$0
MARAL ZONOOZ	DIRECTOR	1.00	Director	$0	$0	$0
TONY ALVARADO-RIVERA	EXECUTIVE DIRECTOR	40.00	Officer	$76,667	$7,226	$83,893

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	$918,739	$1,078,913	$1,526,474	$-160,174
2022	$952,174	$1,284,078	$1,910,929	$-331,904
2021	$1,512,849	$1,080,598	$2,247,943	$432,251
2020	$2,547,288	$1,117,786	$1,807,170	$1,429,502

CHICAGO FREEDOM SCHOOL