SCIENCE AND ARTS ACADEMY

EIN: 363838771 501(c)(3)

DES PLAINES, IL

Total Revenue
$8,371,994
Total Expenses
$8,920,030
Total Assets
$12,963,097
Net Assets
$3,305,714
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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
1992
Legal Domicile
IL
Principal Officer
RITESH SHAH
Phone
8478277880
Tax Period
2024-07-01 to 2025-06-30

SCIENCE AND ARTS ACADEMY, founded in 1992, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2024.

Mission

TO EDUCATE GIFTED CHILDREN IN AN ACADEMICALLY DIFFERENTIATED AND ENRICHED ENVIRONMENT.

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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 $314,934
Program Service Revenue $8,012,952
Investment Income $30,991
Other Revenue $13,117
TOTAL REVENUE $8,371,994

Expense Breakdown

Grants Paid $1,605,425
Salaries & Benefits $5,277,868
Fundraising Expenses $46,504
Program Expenses $7,052,967
Other Expenses $2,036,737
TOTAL EXPENSES $8,920,030

Year-over-Year Comparison

2024 2023 Change
Revenue $8,371,994 $8,351,701 +0.0%
Expenses $8,920,030 $8,994,918 0.0%
Net Income $-548,036 $-643,217 -0.1%
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
13
Independent Members
13
Employees
108
Volunteers
65

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
$178,733
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRSTEN BEDWAY CHAIR 1.00
Officer Director
$0 $0 $0
BERT GUTIERREZ-WYNNE VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEVE EIKENBERRY FINANCE SECRETARY 1.00
Officer Director
$0 $0 $0
MARK ANDERSON RECORDING SECRETARY 1.00
Officer Director
$0 $0 $0
TED ARTHUR TRUSTEE 1.00
Director
$0 $0 $0
ELLEN APLEY TRUSTEE 1.00
Director
$0 $0 $0
SARAH BRIGHT TRUSTEE 1.00
Director
$0 $0 $0
ERIK FORD TRUSTEE 1.00
Director
$0 $0 $0
HILLARI JACOBS TRUSTEE 1.00
Director
$0 $0 $0
KATHERINE OOSTERBAAN TRUSTEE 1.00
Director
$0 $0 $0
RITESH SHAH TRUSTEE 1.00
Director
$0 $0 $0
KERBIE NEAL TRUSTEE 1.00
Director
$0 $0 $0
ANDREW SIMNICK TRUSTEE 1.00
Director
$0 $0 $0
JAMES RADERMACHER EXIT 6302025 BUSINESS MANAGER 32.00
Officer
$75,608 $0 $75,608
CONRAD WILDSMITH HEAD OF SCHOOL 40.00
Officer
$103,125 $0 $103,125
ERIKA F MALIWANAG 4TH & 5TH GRADE SCIENCE, SCIENCE COORDINATOR 40.00
Highest
$105,796 $0 $105,796
MELINDA J HILDEBRANDT DIRECTOR OF ENROLLMENT MANAGEMENT 40.00
Highest
$103,053 $0 $103,053
AMA R THOMPSON DIRECTOR OF ASSESSMENT 40.00
Highest
$127,367 $0 $127,367
EDWARD HOLLINGER EXIT 6302024 FORMER INTERIM HEAD OF SCHOOL 40.00
$136,195 $0 $136,195
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 $8,371,994 $8,920,030 $12,963,097 $-548,036
2024 $8,351,701 $8,994,918 $14,075,627 $-643,217
2023 $7,976,823 $8,174,965 $14,651,238 $-198,142
2022 $8,495,124 $7,512,399 $14,489,626 $982,725
2021 $7,060,010 $6,660,539 $13,723,413 $399,471
2020 $6,420,638 $6,596,146 $13,440,785 $-175,508
2019 $6,517,296 $6,476,279 $13,345,889 $41,017
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