CHICAGOLAND LUTHERAN EDUCATIONAL FOUNDATION (EIN 363922804) - 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

1993

Legal Domicile

Principal Officer

CARL HIBBEN

Phone

6305959310

Tax Period

2024-07-01 to 2025-06-30

CHICAGOLAND LUTHERAN EDUCATIONAL FOUNDATION, founded in 1993, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024. Expenses of $4.6M left a modest 5% surplus.

Mission

THE MISSION OF CHICAGOLAND LUTHERAN EDUCATIONAL FOUNDATION IS TO EMPOWER URBAN LUTHERAN SCHOOLS TO DELIVER INNOVATIVE, QUALITY EDUCATION IN A CHRISTIAN 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,623,479

Program Service Revenue $147,811

Investment Income $157,102

Other Revenue $-62,378

TOTAL REVENUE $4,866,014

Expense Breakdown

Grants Paid $2,041,520

Salaries & Benefits $1,010,417

Fundraising Expenses $373,897

Program Expenses $3,993,094

Other Expenses $1,553,383

TOTAL EXPENSES $4,605,320

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,866,014	$5,026,954	0.0%
Expenses	$4,605,320	$5,022,890	-0.1%
Net Income	$260,694	$4,064	+63.1%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

$286,900

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET KLOTZ	EXECUTIVE DI	40.00	Key Emp	$251,708	$35,192	$286,900
JEFFREY L BLACKMAN	DIRECTOR	0.25	Director	$0	$0	$0
JAY CHRISTOPHER	CHAIRMAN	0.25	Officer Director	$0	$0	$0
CARL HIBBEN	TREASURER	2.00	Officer Director	$0	$0	$0
EUNICE MATTES	DIRECTOR	0.25	Director	$0	$0	$0
TERRY E PFORTMILLER	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
ANN RUNDIO	DIRECTOR	0.50	Officer Director	$0	$0	$0
MARILYN SCHAWK	DIRECTOR	0.25	Director	$0	$0	$0
RICHARD SCHUBKEGEL	DIRECTOR	0.25	Director	$0	$0	$0
PAUL D SODERHOLM	SECRETARY	0.25	Director	$0	$0	$0
MICHAEL WELCH	PRESIDENT	15.00	Officer Director	$0	$0	$0
STEVE WILD	DIRECTOR	0.25	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	$4,866,014	$4,605,320	$6,106,718	$260,694
2024	$5,026,954	$5,022,890	$5,797,910	$4,064
2023	$4,708,065	$4,768,620	$5,428,366	$-60,555
2022	$4,186,376	$4,403,247	$5,278,143	$-216,871
2021	$5,074,453	$4,642,791	$5,762,621	$431,662
2019	$4,674,830	$4,396,724	$4,813,765	$278,106
2018	$5,284,799	$4,447,211	$4,628,719	$837,588

CHICAGOLAND LUTHERAN EDUCATIONAL FOUNDATION