CHICAGO LATVIAN CHILD CARE AND PRESCHOOL (EIN 300236715) - 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

2005

Legal Domicile

Principal Officer

Andarte Phillips

Phone

7733084977

Tax Period

2022-07-01 to 2023-06-30

CHICAGO LATVIAN CHILD CARE AND PRESCHOOL, founded in 2005, is a small nonprofit in the Human Services sector that reported $198K in total revenue in fiscal year 2020. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 22% operating margin.

Mission

The Chicago Latvian Preschool is a scholastic environment structured to develop the social, emotional and physical needs of children, by offering a stimulating program with a strong focus on the family and values that support acceptance and respect of Latvian and other cultures. We provide a preschool curriculum and childcare services to approximately 16 children ranging in age from 2 to 6 years.

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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 (2022)

Revenue Breakdown

Contributions & Grants $28,904

Program Service Revenue $165,514

Investment Income $57

Other Revenue $8,274

TOTAL REVENUE $202,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,759

Fundraising Expenses $0

Program Expenses $194,207

Other Expenses $70,448

TOTAL EXPENSES $194,207

Year-over-Year Comparison

	2022	2021	Change
Revenue	$202,749	$177,259	+0.1%
Expenses	$194,207	$157,606	+0.2%
Net Income	$8,542	$19,653	-0.6%

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

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

$36,645

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andarte Phillips	Director	40	Highest	$50,033	$0	$50,033
Lana Jacobs	Teacher	30	Key Emp	$36,645	$0	$36,645
Rebecca Tupuritis	President	2	Officer	$0	$0	$0
Larisa Jesinskis	Vice President	2	Officer	$0	$0	$0
Andris Trautmanis	Treasurer	2	Officer	$0	$0	$0
Krista Lenss	Secretary	2	Officer	$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
2023	$202,749	$194,207	$151,189	$8,542
2022	$177,259	$157,606	$142,647	$19,653
2021	$197,548	$154,886	$122,994	$42,662

CHICAGO LATVIAN CHILD CARE AND PRESCHOOL