CREATIVE WORLD-MONTESSORI SCHOOL

EIN: 363026757 501(c)(3) Education

LAGRANGE, IL

Total Revenue
$327,364
Total Expenses
$570,074
Total Assets
$112,279
Net Assets
$-621,756
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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
1973
Legal Domicile
IL
Principal Officer
GUDRON OLSON
Phone
7083545255
Tax Period
2023-07-01 to 2024-06-30

CREATIVE WORLD-MONTESSORI SCHOOL, founded in 1973, is a small nonprofit in the Education sector that reported $327K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $570K exceeded revenue, resulting in a 74% operating deficit.

Mission

EDUCATION OF PRESCHOOL CHILDREN

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $324,556
Investment Income $0
Other Revenue $2,808
TOTAL REVENUE $327,364

Expense Breakdown

Grants Paid $0
Salaries & Benefits $391,509
Fundraising Expenses $0
Program Expenses $570,074
Other Expenses $178,565
TOTAL EXPENSES $570,074

Year-over-Year Comparison

2023 2022 Change
Revenue $327,364 $1,415,935 -0.8%
Expenses $570,074 $1,583,291 -0.6%
Net Income $-242,710 $-167,356 +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

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Governance

Voting Members
3
Independent Members
3
Employees
26
Volunteers
N/A

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GUDRON OLSON PRES AND ADM 40.00
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 $327,364 $570,074 $112,279 $-242,710
2022 $1,288,788 $1,247,296 $295,147 $41,492
2021 $915,023 $659,653 $424,116 $255,370
2020 $889,940 $987,307 $242,439 $-97,367
2019 $1,077,637 $1,081,407 $232,574 $-3,770
2018 $1,083,233 $1,112,804 $141,641 $-29,571
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