CHICAGO TECH ACADEMY (EIN 260414040) - 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

2007

Legal Domicile

Principal Officer

TERRY HOWERTON

Phone

7735347755

Tax Period

2024-07-01 to 2025-06-30

CHICAGO TECH ACADEMY (CHITECH), founded in 2007, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2017. Revenue decreased 11% compared to the prior year.

Mission

EDUCATE, EMPOWER AND CONNECT A DIVERSE NEXT GENERATION OF ENTREPRENEURIAL THINKERS TO DISCOVER THEIR PASSIONS, SUCCEED IN POST-SECONDARY LIFE AND THRIVE IN A DIGITAL WORLD.

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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 $6,314,923

Program Service Revenue $29,638

Investment Income $82,200

Other Revenue $3,960

TOTAL REVENUE $6,430,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,349,896

Fundraising Expenses $188,381

Program Expenses $5,337,817

Other Expenses $2,302,618

TOTAL EXPENSES $6,652,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,430,721	$7,143,132	-0.1%
Expenses	$6,652,514	$7,016,052	-0.1%
Net Income	$-221,793	$127,080	-2.7%

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

120

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

$196,774

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY HOWERTON	CO-FOUNDER AND CHAIRMAN	2.00	Officer Director	$0	$0	$0
TODD BABBITZ	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN D EGAN	DIRECTOR	2.00	Director	$0	$0	$0
TIM HANDORF	DIRECTOR	2.00	Director	$0	$0	$0
GAUTAM KUMAR	DIRECTOR	2.00	Director	$0	$0	$0
BRENDA DARDEN WILKERSON	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN KELLY	DIRECTOR - TERM	2.00	Director	$0	$0	$0
MEGAN MCCANN	DIRECTOR - TERM	2.00	Director	$0	$0	$0
ZATAYA SHACKELFORD	SCHOOL PRINCIPAL	40.00	Officer	$67,422	$3,352	$70,774
MATT MOELLER	EXECUTIVE DIRECTOR	40.00	Officer	$126,000	$0	$126,000
DEMARCO HUGHES	ASSISTANT PRINCIPAL	40.00	Highest	$132,959	$16,388	$149,347

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	$6,430,721	$6,652,514	$2,291,739	$-221,793
2024	No data	No data	No data	No data
2023	$7,011,672	$6,921,066	$2,603,479	$90,606
2022	$6,579,501	$5,980,103	$2,658,345	$599,398
2021	$5,790,464	$4,907,740	$1,890,756	$882,724
2020	$4,162,610	$4,057,322	$1,286,255	$105,288
2018	$3,238,035	$3,448,750	$1,009,363	$-210,715

CHICAGO TECH ACADEMY