KIPP CHICAGO SCHOOLS

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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

2003

Legal Domicile

Principal Officer

BENJAMIN CHERESKIN

Phone

3127338108

Tax Period

2024-07-01 to 2025-06-30

KIPP CHICAGO SCHOOLS, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $56.8M in total revenue in fiscal year 2024.

Mission

THE TEAM AT KIPP CHICAGO SCHOOLS IS GUIDED BY A SIMPLE, YET POWERFUL MISSION: TO CREATE A NETWORK OF EXCELLENT SCHOOLS IN CHICAGO THAT TEACH OUR STUDENTS THE CHARACTER AND ACADEMIC SKILLS NECESSARY TO SUCCEED IN COLLEGE AND BEYOND, AND TO INSTILL IN THEM A DESIRE TO HELP CHANGE THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $51,442,105 Revenue: $149,215

KIPP CHICAGO SCHOOLS IS A NETWORK OF FREE, OPEN-ENROLLMENT PUBLIC CHARTER SCHOOLS OFFERING A COLLEGE PREPARATORY EDUCATION TO STUDENTS FROM CHICAGO'S MOST UNDERSERVED COMMUNITIES. TODAY, KIPP CHICAGO SCHOOLS SERVES APPROXIMATELY 3,500 STUDENTS AT FOUR PRIMARY AND FOUR MIDDLE SCHOOLS IN THE AUSTIN, ENGLEWOOD, HUMBOLDT PARK, AND NORTH LAWNDALE COMMUNITIES. KIPP CHICAGO SCHOOLS ALSO SUPPORTS OVER 2,500 KIPP ALUMNI THROUGH ITS KIPP FORWARD PROGRAM. FAR SURPASSING LOCAL NORMS, 89% OF ALUMNI HAVE COMPLETED HIGH SCHOOL AND 66% HAVE MATRICULATED TO COLLEGE. KIPP ASPIRES TO GROW ITS IMPACT IN CHICAGO.

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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 $56,157,834

Program Service Revenue $149,215

Investment Income $466,056

Other Revenue $31,968

TOTAL REVENUE $56,805,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,853,999

Fundraising Expenses $856,629

Program Expenses $51,442,105

Other Expenses $16,319,120

TOTAL EXPENSES $57,173,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,805,073	$55,266,270	+0.0%
Expenses	$57,173,119	$53,375,996	+0.1%
Net Income	$-368,046	$1,890,274	-1.2%

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

537

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

$722,349

Total Directors

$287,161

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL MONTGOMERY GOBLE	EXECUTIVE DIRECTOR - TERM	40.00	Officer Director	$273,198	$13,963	$287,161
BENJAMIN CHERESKIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
ZAID ALSIKAFI	TREASURER	2.00	Officer Director	$0	$0	$0
MARIA ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
BERNETTA CANNON	DIRECTOR	2.00	Director	$0	$0	$0
PARIS CLARK	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG HUFFMAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SALMONOWICZ	VP OF OPERATIONS	40.00	Officer	$191,845	$26,208	$218,053
RASHID L BELL	HEAD OF SCHOOLS & EXECUTIVE DIRECTOR	40.00	Officer	$202,208	$14,927	$217,135
AMY POUBA	SUPERINTENDENT	40.00	Highest	$217,919	$26,271	$244,190
MILTON RODRIGUEZ	VP OF GROWTH STRATEGY & DEVELOPMENT	40.00	Highest	$213,865	$11,291	$225,156
ELLEN SALE	HEAD OF TALENT	40.00	Highest	$191,670	$17,107	$208,777
TESSA CATLETT	SCHOOL LEADER	40.00	Highest	$167,372	$15,219	$182,591
CORY WASHINGTON	HEAD OF SCHOOLS	40.00	Highest	$172,644	$12,194	$184,838

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	$56,805,073	$57,173,119	$12,441,795	$-368,046
2024	No data	No data	No data	No data
2023	$48,879,989	$48,836,708	$9,368,984	$43,281
2022	$46,386,197	$46,586,022	$9,199,366	$-199,825
2021	$40,280,655	$39,259,945	$13,709,561	$1,020,710
2020	$34,565,121	$34,311,527	$10,822,138	$253,594
2019	$29,134,256	$29,101,855	$6,405,802	$32,401
2018	$23,925,517	$22,816,168	$7,845,427	$1,109,349