BANSAN FOUNDATION D/B/A FLOSSMOOR MONTESSORI SCHOOL

EIN: 205970885 501(c)(3) Education

FLOSSMOOR, IL

Total Revenue
$815,722
Total Expenses
$764,880
Total Assets
$1,049,201
Net Assets
$947,547
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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
SANJIV MODI
Phone
7087984600
Tax Period
2024-08-01 to 2025-07-31

BANSAN FOUNDATION D/B/A FLOSSMOOR MONTESSORI SCHOOL, founded in 2006, is a small nonprofit in the Education sector that reported $816K in total revenue in fiscal year 2024. Expenses of $765K left a modest 6% surplus.

Mission

TO CREATE AN ENVIRONMENT FOR CHILDREN FOLLOWING THE PATH OF MONTESSORI EDUCATION TO MEET THEIR DEVELOPMENTAL NEEDS, INSPIRING THEM TO REACH THEIR HIGHEST POTENTIAL AND HELP THEM DISCOVER HOW THEY CAN BEST CONTRIBUTE TO OUR WORLD AND CULTURE.

Program Service Accomplishments

Program 1
Expenses: $626,109 Revenue: $763,556

FLOSSMOOR MONTESSORI SCHOOL IS SERVING APPROXIMATELY 60 CHILDREN WITH VARIETY OF INTERESTS AND ABILITIES, RANGING FROM AGES 15 MONTHS TO 6 YEARS. THE NURTURING ENVIRONMENT OF OUR SCHOOL HELP CHILDREN...

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FLOSSMOOR MONTESSORI SCHOOL IS SERVING APPROXIMATELY 60 CHILDREN WITH VARIETY OF INTERESTS AND ABILITIES, RANGING FROM AGES 15 MONTHS TO 6 YEARS. THE NURTURING ENVIRONMENT OF OUR SCHOOL HELP CHILDREN BE INDEPENDENT, TO CARE FOR SELF AND HELP EACH OTHER. OUR BEFORE AND AFTER SCHOOL CARE PROGRAM AS WELL AS SPRING, SUMMER AND WINTER CAMPS, DURING THE SCHOOL BREAK, PROVIDE CONVENIENCE FOR WORKING PARENTS. PARENTS IN OUR COMMUNITY APPRECIATE THE PARENT EDUCATION EVENTS SUCH AS "FOLLOWING MONTESSORI AT HOME" LEARNING PRACTICAL TIPS TO HELP THE CHILD, SOCIAL EVENTS SUCH AS SPLASH PAD SOCIAL FOR BACK TO SCHOOL, GRAND PARENTS DAY, WINTER CELEBRATION, PICNIC AND FIELD DAY AT THE END OF THE SCHOOL YEAR AND MANY OTHER. MONTESSORI EDUCATION ENCOURAGES SELF DISCIPLINE, CRITICAL THINKING, GRACE AND COURTESY PROMOTING SELF ESTEEM AND LEADERSHIP QUALITIES IN CHILDREN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,674
Program Service Revenue $763,556
Investment Income $15,741
Other Revenue $5,751
TOTAL REVENUE $815,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $547,916
Fundraising Expenses $0
Program Expenses $626,109
Other Expenses $216,964
TOTAL EXPENSES $764,880

Year-over-Year Comparison

2024 2023 Change
Revenue $815,722 $806,148 +0.0%
Expenses $764,880 $694,350 +0.1%
Net Income $50,842 $111,798 -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

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Governance

Voting Members
4
Independent Members
3
Employees
16
Volunteers
3

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
$113,779
Total Directors
4
$113,779
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR SANJIV MODI PRESIDENT/DIRECTOR 2.00
Officer Director
$0 $0 $0
TUSHAR R SHAH SECRETARY 1.00
Officer Director
$0 $0 $0
NIRAJ S SHAH DIRECTOR 1.00
Director
$0 $0 $0
BANSARI MODI ADMINISTRATOR 40.00
Officer Director
$95,569 $18,210 $113,779
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 $815,722 $764,880 $1,049,201 $50,842
2024 $806,148 $694,350 $1,273,534 $111,798
2023 $801,198 $676,556 $1,239,978 $124,642
2022 $762,715 $555,027 $1,019,836 $207,688
2021 $541,667 $468,862 $996,023 $72,805
2020 $486,594 $511,754 $975,293 $-25,160
2019 $568,123 $568,983 $827,291 $-860
2018 $522,950 $387,420 $851,773 $135,530
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