CREATIVE CHILDREN'S ACADEMY D/B/A QUEST ACADEMY

EIN: 363196542 501(c)(3) Education

PALATINE, IL

Total Revenue
$7,513,272
Total Expenses
$6,642,034
Total Assets
$14,537,730
Net Assets
$8,380,865
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
IL
Principal Officer
PATRICIA WYNN
Phone
8472028035
Tax Period
2024-07-01 to 2025-06-30

CREATIVE CHILDREN'S ACADEMY D/B/A QUEST ACADEMY, founded in 1982, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2018. Expenses of $5.1M left a modest 5% surplus.

Mission

QUEST ACADEMY IS AN INDEPENDENT SCHOOL WHICH PROVIDES AN INTELLECTUALLY RICH ENVIRONMENT OF ACADEMICS AND ART FOR GIFTED STUDENTS AGES 3-14.

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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 (2024)

Revenue Breakdown

Contributions & Grants $475,827
Program Service Revenue $6,909,056
Investment Income $105,165
Other Revenue $23,224
TOTAL REVENUE $7,513,272

Expense Breakdown

Grants Paid $684,170
Salaries & Benefits $4,318,105
Fundraising Expenses $154,079
Program Expenses $5,522,044
Other Expenses $1,639,759
TOTAL EXPENSES $6,642,034

Year-over-Year Comparison

2024 2023 Change
Revenue $7,513,272 $7,011,786 +0.1%
Expenses $6,642,034 $6,382,557 +0.0%
Net Income $871,238 $629,229 +0.4%
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
15
Independent Members
14
Employees
82
Volunteers
74

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
6
$327,047
Total Directors
15
$205,476
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NADER QAIMARI CHAIR 4.00
Officer Director
$0 $0 $0
VALERIE CAMPBELL TRUSTEE 2.00
Director
$0 $0 $0
LUKE PRAXMARER TREASURER 2.00
Officer Director
$0 $0 $0
DON MITCKESS SECRETARY 2.00
Officer Director
$0 $0 $0
SEDHU KRISHNAMURTHY TRUSTEE 2.00
Director
$0 $0 $0
DOMINIQUE KENDRICK TRUSTEE 2.00
Director
$0 $0 $0
BRAD SCHULMAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
JORGE SEOANE TRUSTEE 2.00
Director
$0 $0 $0
SEEMA AWATRAMANI TRUSTEE 2.00
Director
$0 $0 $0
AMY BYRNE TRUSTEE 2.00
Director
$0 $0 $0
DEEPIKA DUGGIRALA TRUSTEE 2.00
Director
$0 $0 $0
VICKI PHELPS HEAD OF SCHOOL 60.00
Officer Director
$204,570 $906 $205,476
JORDAN SADOFF TRUSTEE 2.00
Director
$0 $0 $0
GEORGE REICHL TRUSTEE 2.00
Director
$0 $0 $0
AMJAD SAFVI TRUSTEE 2.00
Director
$0 $0 $0
PATRICIA WYNN DIRECTOR OF FINANCE & OPER 40.00
Officer
$103,662 $17,909 $121,571
AMANDA DAVEY DIRECTOR OF ACADEMICS & STUDENT AFFAIRS 40.00
Highest
$108,292 $15,707 $123,999
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 $7,513,272 $6,642,034 $14,537,730 $871,238
2024 $7,011,786 $6,382,557 $13,480,860 $629,229
2023 $6,583,319 $6,278,533 $13,085,635 $304,786
2022 $6,445,252 $5,975,127 $12,341,159 $470,125
2021 $6,211,595 $5,197,093 $12,368,416 $1,014,502
2020 $5,123,526 $5,206,614 $11,413,469 $-83,088
2019 $5,317,177 $5,066,711 $11,492,887 $250,466
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