ST SAVA ACADEMY

EIN: 261240339 501(c)(3) Education

CHICAGO, IL

Total Revenue
$2,201,493
Total Expenses
$1,545,366
Total Assets
$4,103,542
Net Assets
$1,564,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
Principal Officer
THEODORE V SOKOLOVIC
Phone
7737140299
Tax Period
2024-07-01 to 2025-06-30

ST SAVA ACADEMY, founded in 2001, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $656K, a strong 30% operating margin.

Mission

ST. SAVA ACADEMY IS A PRIVATE PRE-SCHOOL THROUGH EIGHTH-GRADE ELEMENTARY SCHOOL. THE MISSION OF ST. SAVA ACADEMY IS TO PROVIDE ITS STUDENTS WITH A CHALLENGING AND INNOVATIVE EDUCATION PROGRAM THAT WILL GUIDE THEM THROUGH LIFE AS RESPECTFUL, RESOURCEFUL, AND ACTIVE PARTICIPANTS IN OUR SOCIETY.

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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 $853,821
Program Service Revenue $1,292,590
Investment Income $255
Other Revenue $54,827
TOTAL REVENUE $2,201,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $840,278
Fundraising Expenses $42,877
Program Expenses $1,460,296
Other Expenses $705,088
TOTAL EXPENSES $1,545,366

Year-over-Year Comparison

2024 2023 Change
Revenue $2,201,493 $1,161,069 +0.9%
Expenses $1,545,366 $1,201,392 +0.3%
Net Income $656,127 $-40,323 -17.3%
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
8
Independent Members
8
Employees
32
Volunteers
50

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR HOWARD GRUNDY TRUSTEE 1.00
Director
$0 $0 $0
GABRIELLE DZWINYK SECRETARY & 1.00
Officer Director
$0 $0 $0
SAMATHA LAZICH TRUSTEE 1.00
Director
$0 $0 $0
FR DARKO SPASOJEVIC RECTOR & TRU 1.00
Officer Director
$0 $0 $0
THEODORE V SOKOLOVIC TREASURER & 1.00
Officer Director
$0 $0 $0
MARKO DIMITRIJEVIC TRUSTEE 1.00
Director
$0 $0 $0
TATIANA NENADOVICH TRUSTEE 1.00
Director
$0 $0 $0
PETER VEZMAR PRESIDENT & 8.00
Officer Director
$0 $0 $0
FR NIKOLAJ KOSTUR TRUSTEE 1.00
Director
$0 $0 $0
FR DOBRIVOJE MILUNOVIC TRUSTEE 1.00
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
2025 $2,201,493 $1,545,366 $4,103,542 $656,127
2024 $1,161,069 $1,201,392 $693,688 $-40,323
2023 $1,232,228 $1,104,287 $722,286 $127,941
2022 $1,125,489 $932,781 $608,753 $192,708
2021 $799,827 $677,861 $420,202 $121,966
2020 $700,211 $616,981 $273,301 $83,230
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