Chicago Foundation for Education (EIN 363429023) - 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

1985

Legal Domicile

Principal Officer

Sarah Hoppe-Knight

Phone

3123050029

Tax Period

2022-07-01 to 2023-06-30

Chicago Foundation for Education, founded in 1985, is a micro nonprofit that reported $100K in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $463K exceeded revenue, resulting in a 366% operating deficit.

Mission

To improve & enhance educational experiences provided in Chicago's public elementary schools.

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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 $95,513

Program Service Revenue $0

Investment Income $3,985

Other Revenue $2

TOTAL REVENUE $99,500

Expense Breakdown

Grants Paid $269,864

Salaries & Benefits $130,372

Fundraising Expenses $76,791

Program Expenses $361,874

Other Expenses $62,954

TOTAL EXPENSES $463,190

Year-over-Year Comparison

	2022	2021	Change
Revenue	$99,500	$176,072	-0.4%
Expenses	$463,190	$461,055	+0.0%
Net Income	$-363,690	$-284,983	+0.3%

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

$141,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Patock	Chairperson	2.00	Officer Director	$0	$0	$0
Talbott Baldwin	Vice Chairperson	2.00	Officer Director	$0	$0	$0
Rebecca Watts	Secretary	1.00	Officer Director	$0	$0	$0
Chris Smith	Treasurer	1.00	Officer Director	$0	$0	$0
Mary Beth Canfield	Director	1.00	Director	$0	$0	$0
Brian Duwe	Director	1.00	Director	$0	$0	$0
Tricia Hagenah	Director	2.00	Director	$0	$0	$0
Tony Hoban	Director	1.00	Director	$0	$0	$0
Alex Kmickewycz	Director	1.00	Director	$0	$0	$0
Jen Kobayashi	Director	1.00	Director	$0	$0	$0
Chris Santiago	Director	1.00	Director	$0	$0	$0
Sarah H Knight	Co-Executive Director	40.00	Officer	$111,419	$258	$111,677
Kristin M Hardy	Co-Executive Director	40.00	Officer	$29,405	$0	$29,405

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	$99,500	$463,190	$115,642	$-363,690
2022	$176,072	$461,055	$487,494	$-284,983
2021	$598,885	$645,132	$817,585	$-46,247
2020	$436,649	$586,883	$849,106	$-150,234
2019	$535,275	$748,259	$936,001	$-212,984
2018	$612,670	$752,554	$1,167,022	$-139,884

Chicago Foundation for Education