COLLEGE BOUND OPPORTUNITIES

EIN: 204811544 501(c)(3) Education

RIVERWOODS, IL

Total Revenue
$1,034,888
Total Expenses
$1,047,716
Total Assets
$1,411,497
Net Assets
$-117,330
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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
IL
Principal Officer
KAREN LYGIZOS
Phone
8479439226
Tax Period
2023-07-01 to 2024-06-30

COLLEGE BOUND OPPORTUNITIES, founded in 2006, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

COLLEGE BOUND OPPORTUNITIES (CBO) PROVIDES ASSISTANCE TO HIGH SCHOOL AND COLLEGE STUDENTS OF LIMITED MEANS AND WHOSE CULTURAL BACKGROUNDS MAY POSE BARRIERS TO GAIN ENTRY INTO A COLLEGE OR UNIVERSITY. CBO ASSISTS THEM IN IDENTIFYING SCHOLARSHIP OPPORTUNITIES AND IN GUIDING THEM TOWARD THE SUCCESSFUL COOMPLETION OF THEIR HIGHER EDUCATION EXPERIENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $828,258
Program Service Revenue $0
Investment Income $39,480
Other Revenue $167,150
TOTAL REVENUE $1,034,888

Expense Breakdown

Grants Paid $237,220
Salaries & Benefits $637,770
Fundraising Expenses $216,034
Program Expenses $784,593
Other Expenses $172,726
TOTAL EXPENSES $1,047,716

Year-over-Year Comparison

2023 2022 Change
Revenue $1,034,888 $1,016,959 +0.0%
Expenses $1,047,716 $1,146,130 -0.1%
Net Income $-12,828 $-129,171 -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
13
Independent Members
13
Employees
9
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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN LYGIZOS CHAIR 4.00
Officer Director
$0 $0 $0
SETH KATZ VICE CHAIR 4.00
Officer Director
$0 $0 $0
MATT LAUGHTON TREASURER/SECRETARY 4.00
Officer Director
$0 $0 $0
ELIZABETH GEORGE DIRECTOR 1.00
Director
$0 $0 $0
TODD HEYDEN DIRECTOR 1.00
Director
$0 $0 $0
KATHY MCKENNA DIRECTOR 1.00
Director
$0 $0 $0
MYTHYLY PUTCHA DIRECTOR 1.00
Director
$0 $0 $0
ALYSSA SHLENSKY SHAPIRO DIRECTOR 1.00
Director
$0 $0 $0
BONNIE C SHLENSKY DIRECTOR 1.00
Director
$0 $0 $0
DAVID SMITH DIRECTOR 1.00
Director
$0 $0 $0
TOM TERRANOVA DIRECTOR 1.00
Director
$0 $0 $0
BRIAN WEINBERG DIRECTOR 1.00
Director
$0 $0 $0
ERIN WOZNIAK DIRECTOR 1.00
Director
$0 $0 $0
SUSAN R BELL EXECUTIVE DIRECTOR 40.00
Highest
$132,250 $0 $132,250
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
2025 No data No data No data No data
2024 $1,034,888 $1,047,716 $1,411,497 $-12,828
2023 $1,016,959 $1,146,130 $1,639,612 $-129,171
2022 $1,050,401 $1,273,574 $1,813,531 $-223,173
2021 $1,119,469 $1,204,536 $1,958,293 $-85,067
2020 $1,024,258 $1,156,095 $1,879,108 $-131,837
2019 $1,027,840 $1,179,812 $1,870,824 $-151,972
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