Distinctive Schools of Illinois

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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

2011

Legal Domicile

Principal Officer

Scott Frauenheim

Phone

3123324998

Tax Period

2023-07-01 to 2024-06-30

Distinctive Schools of Illinois, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $55.2M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

The mission of Distinctive Schools is to serve children and families in urban communities by managing high-performing charter schools that accelerate achievement, performance, and college preparedness through skilled operating management and intensive support.

Program Service Accomplishments

Program 1

Expenses: $53,996,681 Revenue: $54,680,162

Provide educational opportunities for youth through management of charter schools serving kindergarten through eleventh grade students during the fiscal year June 30, 2024.

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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 $225,324

Program Service Revenue $54,680,162

Investment Income $15,645

Other Revenue $270,873

TOTAL REVENUE $55,192,004

Expense Breakdown

Grants Paid $881,135

Salaries & Benefits $50,763,876

Fundraising Expenses $0

Program Expenses $53,996,681

Other Expenses $3,267,004

TOTAL EXPENSES $54,912,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,192,004	$41,725,709	+0.3%
Expenses	$54,912,015	$41,535,943	+0.3%
Net Income	$279,989	$189,766	+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

Governance

Voting Members

Independent Members

Employees

1100

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

$678,916

Total Directors

$366,977

Key Employees

$1,553,211

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Wise	Chairman, Strategy Advisor	20.00	Officer Director	$150,695	$6,792	$157,487
David Sundstrom	Chief Administrative Officer	40.00	Officer Director	$143,917	$13,295	$157,212
Kenneth Wong	Trustee	2.00	Director	$27,864	$0	$27,864
Jim Flavin	Trustee	2.00	Director	$24,414	$0	$24,414
Denise Davis-Cotton	Trustee	2.00	Director	$0	$0	$0
Chaula Gupta	Trustee	2.00	Director	$0	$0	$0
Eric Smith	Trustee	2.00	Director	$0	$0	$0
Sara Ray Stoelinga	Trustee	2.00	Director	$0	$0	$0
Scott Frauenheim	Chief Executive Officer	40.00	Officer	$345,989	$18,228	$364,217
Katherine O'Connor	Chief Education Officer	40.00	Key Emp	$240,987	$71,781	$312,768
Erin Lanoue	Chief Operating Officer	40.00	Key Emp	$226,526	$5,301	$231,827
Monique N Langston	Chief of Staff	40.00	Key Emp	$203,429	$168	$203,597
Samantha Baugh	Chief Talent Officer	40.00	Key Emp	$200,437	$10,673	$211,110
Elizabeth Winke	Chief Financial Officer	40.00	Key Emp	$198,789	$4,277	$203,066
Jessica Paulsen	Vice President & Chief Strategy Officer	40.00	Key Emp	$193,943	$2,836	$196,779
Michael J McCarthy	Chief of Schools	40.00	Key Emp	$189,716	$4,348	$194,064
Matthew L Pitucco	Deputy Chief of Engagement	40.00	Highest	$159,740	$9,636	$169,376
Stephanie R Barraza	Executive Director of Strategy	40.00	Highest	$138,249	$53,357	$191,606
Kara May	Director of Partnerships & Creative Development	40.00	Highest	$133,250	$43,521	$176,771
Whitney A Rosetti	Executive Director of Talent	40.00	Highest	$130,225	$13,318	$143,543
Roberto Vargas	Managing Director of IT and Data Systems	40.00	Highest	$121,366	$11,200	$132,566

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	No data	No data	No data	No data
2024	$55,192,004	$54,912,015	$4,369,546	$279,989
2023	$41,725,709	$41,535,943	$3,843,430	$189,766
2022	$37,265,340	$36,686,223	$3,046,722	$579,117
2021	$38,553,382	$34,797,226	$2,734,668	$3,756,156
2020	$3,858,303	$2,959,276	$5,145,494	$899,027
2019	$3,185,916	$3,576,431	$2,643,951	$-390,515