COPERNICUS FOUNDATION (EIN 237164993) - 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

1971

Legal Domicile

Principal Officer

KAMILA SUMELKA

Phone

7737778898

Tax Period

2024-01-01 to 2024-12-31

COPERNICUS FOUNDATION, founded in 1971, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2018. Net assets of $3.8M represent 24 months of operating reserves.

Mission

THE COPERNICUS FOUNDATION WAS CHARTED TO SERVE THE METROPOLITAN CHICAGO AREA AS A MAJOR CIVIC, CULTURAL, EDUCATIONAL, RECREATIONAL AND ENTERTAINMENT RESOURCE

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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 (2024)

Revenue Breakdown

Contributions & Grants $105,604

Program Service Revenue $1,470,168

Investment Income $32,509

Other Revenue $176,778

TOTAL REVENUE $1,785,059

Expense Breakdown

Grants Paid $91,229

Salaries & Benefits $585,737

Fundraising Expenses $0

Program Expenses $1,349,304

Other Expenses $1,387,050

TOTAL EXPENSES $2,064,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,785,059	$1,861,686	0.0%
Expenses	$2,064,016	$2,308,628	-0.1%
Net Income	$-278,957	$-446,942	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIO MIKODA	PRESIDENT	002.00	Officer Director	$0	$0	$0
ROBERT GROSZEK	SECRETARY	002.00	Officer Director	$0	$0	$0
HUBERT CIOROMSKI	CHAIRMAN OF THE BOARD	002.00	Officer Director	$0	$0	$0
DR BENNY CZISEK	DIRECTOR	002.00	Director	$0	$0	$0
AGATA PALECZNY	DIRECTOR	002.00	Director	$0	$0	$0
BOGDAN BOSAK	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
NICHOLAS CIOROMSKI	DIRECTOR	002.00	Director	$0	$0	$0
MARY ANSELMO	DIRECTOR	002.00	Director	$0	$0	$0
ZENON KURDZIEL	TREASURER	002.00	Officer Director	$0	$0	$0
KAMILA SUMELKA	EXCEUTIVE DIRECTOR	040.00	Officer Director	$0	$0	$0
STEPHEN CIOROMSKI	DIRECTOR	002.00	Director	$0	$0	$0
WESLEY EVANS	DIRECTOR	002.00	Director	$0	$0	$0
WOJCIECH KALEMBASA	DIRECTOR	002.00	Director	$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
2024	$1,785,059	$2,064,016	$4,897,350	$-278,957
2023	$1,861,686	$2,308,628	$5,043,694	$-446,942
2022	$2,344,819	$2,194,144	$5,420,388	$150,675
2021	$2,499,848	$1,311,363	$5,318,682	$1,188,485
2020	$1,443,368	$1,242,932	$4,153,085	$200,436
2019	$1,976,783	$1,982,457	$3,944,744	$-5,674
2018	$1,876,394	$1,868,712	$4,179,754	$7,682

COPERNICUS FOUNDATION