CHICAGO AREA ALTERNATIVE EDUCATION LEAGUE (EIN 363074599) - 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

1980

Legal Domicile

Principal Officer

SARAH LORENZI

Phone

7087712042

Tax Period

2024-08-01 to 2025-07-31

CHICAGO AREA ALTERNATIVE EDUCATION LEAGUE, founded in 1980, is a small nonprofit that reported $317K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $403K exceeded revenue, resulting in a 27% operating deficit.

Mission

SINCE 1976, THE CHICAGO AREA ALTERNATIVE EDUCATION LEAGUE (CAAEL) HAS ENABLED ALTERNATIVE SCHOOLS TO PROVIDE HIGH QUALITY EXTRACURRICULAR ATHLETIC AND ACADEMIC PROGRAMMING TO A WIDE RANGE OF CHILDREN OF DIFFERENT AGES, ABILITIES, CHALLENGES, AND BACKGROUNDS.

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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 $89,038

Program Service Revenue $233,501

Investment Income $0

Other Revenue $-6,012

TOTAL REVENUE $316,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $307,107

Fundraising Expenses $46,727

Program Expenses $317,990

Other Expenses $95,872

TOTAL EXPENSES $402,979

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,527	$419,688	-0.2%
Expenses	$402,979	$370,994	+0.1%
Net Income	$-86,452	$48,694	-2.8%

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

150

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

$90,390

Total Directors

$90,390

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH LORENZI	PRESIDENT	40.00	Officer Director	$90,390	$0	$90,390
ROB ZAPINSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT VANDERCAR	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN O'CONNELL	DIRECTOR (THROUGH 4/15/2025)	1.00	Director	$0	$0	$0
BRANDON KARPELES	TREASURER (THROUGH 6/2025)	2.00	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
2025	$316,527	$402,979	$105,919	$-86,452
2024	$419,688	$370,994	$188,927	$48,694
2023	$302,052	$299,209	$155,380	$2,843
2022	$289,100	$256,838	$149,008	$32,262
2021	$146,126	$157,334	$153,723	$-11,208
2020	$255,472	$204,522	$164,931	$50,950
2019	$245,598	$241,862	$77,004	$3,736

CHICAGO AREA ALTERNATIVE EDUCATION LEAGUE