LUMITY (EIN 363547903) - 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

1984

Legal Domicile

Principal Officer

KARA KENNEDY

Phone

3123724872

Tax Period

2023-07-01 to 2024-06-30

LUMITY, founded in 1984, is a community nonprofit in the Science & Technology sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 4% surplus.

Mission

LUMITY AND OUR PARTNERS SEEK TO BREAK DOWN THE BARRIERS BETWEEN STEM-RELATED BUSINESSES, CHICAGOLAND SCHOOLS, AND UNDER-RESOURCED CHICAGOLAND COMMUNITIES. WE WORK WITH OVER 25 CORPORATE PARTNERS AND FIVE HIGH SCHOOLS TO PROVIDE TEENS WITH TRANSFORMATIONAL STEM EXPERIENCES, SO THAT THEY ARE PREPARED FOR AND INSPIRED TO PURSUE STEM CAREERS. WE BRING CORPORATE MENTORS INTO SCHOOLS- AND YOUTH INTO COMPANIES. LUMITY SUCCESSFULLY MATCHES NONPROFIT EMPLOYERS TO JOB SEEKERS THROUGH NPO.NET, A NONPROFIT JOB BOARD CREATED BY LUMITY IN 1995.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,687,324

Program Service Revenue $133,354

Investment Income $25,418

Other Revenue $47,731

TOTAL REVENUE $2,893,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,203,443

Fundraising Expenses $221,006

Program Expenses $2,481,110

Other Expenses $1,567,592

TOTAL EXPENSES $2,771,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,893,827	$2,417,297	+0.2%
Expenses	$2,771,035	$2,487,559	+0.1%
Net Income	$122,792	$-70,262	-2.7%

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

234

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

$158,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY ZECH	CHAIR	2.00	Officer Director	$0	$0	$0
KATHERINE KOHATSU	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KAPIL KALOKHE	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER VILLAGE	SECRETARY	2.00	Officer Director	$0	$0	$0
ALOK DALAL	DIRECTOR	2.00	Director	$0	$0	$0
APARNA MISRA	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS JOHNSTON	DIRECTOR	2.00	Director	$0	$0	$0
CONOR WADDELL	DIRECTOR	2.00	Director	$0	$0	$0
FRED THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
GREG GUIDOTTI	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER TELEK	DIRECTOR	2.00	Director	$0	$0	$0
JEROME NOLASCO	DIRECTOR	2.00	Director	$0	$0	$0
LES MCCOLLUM II	DIRECTOR	2.00	Director	$0	$0	$0
MARK KAUFMANN	DIRECTOR	2.00	Director	$0	$0	$0
ROSHNI JOSHI	DIRECTOR	2.00	Director	$0	$0	$0
SCHEREINA HORTON	DIRECTOR	2.00	Director	$0	$0	$0
JUATISE GATHINGS	DIRECTOR TERMED 6/13/24	2.00	Director	$0	$0	$0
MIA BOOM-IBES	DIRECTOR TERMED 6/13/24	2.00	Director	$0	$0	$0
SCOTT DILLINGHAM	DIRECTOR TERMED 8/8/23	2.00	Director	$0	$0	$0
SREELATHA SURENDRANATHAN	DIRECTOR TERMED 6/13/24	2.00	Director	$0	$0	$0
STEVE BETTS	DIRECTOR TERMED 6/13/24	2.00	Director	$0	$0	$0
KARA KENNEDY	EXECUTIVE DIRECTOR	40.00	Officer	$152,171	$6,535	$158,706

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	No data	No data	No data	No data
2024	$2,893,827	$2,771,035	$1,858,572	$122,792
2023	$2,417,297	$2,487,559	$1,439,810	$-70,262
2022	$2,382,766	$1,715,973	$1,180,986	$666,793
2021	$1,852,521	$1,611,925	$534,562	$240,596
2020	$1,204,400	$1,227,981	$415,207	$-23,581
2019	$1,162,416	$1,137,451	$316,822	$24,965

LUMITY