Invest for Kids Inc

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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

2009

Legal Domicile

Principal Officer

Benjamin Kovler

Phone

3126645050

Tax Period

2023-01-01 to 2023-12-31

Invest for Kids Inc, founded in 2009, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Expenses of $2.0M left a modest 5% surplus.

Mission

To raise funds that will benefit Chicago-area children's charities. The accomplishment of this mission is through an annual conference that raises money by presenting ideas from an elite group of successful investment managers.

Program Service Accomplishments

Program 1

Expenses: $2,008,351

Funds dispersed to the following organizations to further children's welfare by aiding their missions:Funds dispersed from 2023 Conference:Beat the Streets Chicago $200,000Garfield Park Conservatory Alliance $200,000High Jump $200,000Ignite, Org. $200,000Project VISION, Inc. $200,000Providence Englewood Charter School $200,000Noble Network's Summer of a Lifetime $200,000C.H.A.M.P.S. Male Mentoring $100,000Chicago Scholars $ 73,000INCS $ 35,500Chicago Math & Science Academy $ 30,000DePaul University-Division of A&E R $ 20,000Bloc $ 10,000Harris Theater-ATP $ 10,000

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,071,168

Program Service Revenue $0

Investment Income $52,543

Other Revenue $0

TOTAL REVENUE $2,123,711

Expense Breakdown

Grants Paid $1,678,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,008,351

Other Expenses $335,126

TOTAL EXPENSES $2,013,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,123,711	$2,013,591	+0.1%
Expenses	$2,013,626	$2,271,396	-0.1%
Net Income	$110,085	$-257,805	-1.4%

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

N/A

Volunteers

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
Benjamin Kovler	CEO/Tr/Secr.	2.00	Officer Director	$0	$0	$0
Ronald S Levin	President/Dir.	20.00	Officer Director	$0	$0	$0
Brian T Burke	CFO/Director	3.00	Officer 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	No data	No data	No data	No data
2023	$2,123,711	$2,013,626	$701,773	$110,085
2023	$2,123,711	$2,013,626	$701,773	$110,085
2022	$2,013,591	$2,271,396	$591,688	$-257,805
2021	$1,726,967	$1,310,260	$849,493	$416,707
2020	$1,568,409	$1,590,026	$432,786	$-21,617