CHICAGO SUMMER BUSINESS INSTITUTE INC (EIN 363959272) - 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

1994

Legal Domicile

Principal Officer

CLARENCE BOURNE

Phone

3125457855

Tax Period

2024-01-01 to 2024-12-31

CHICAGO SUMMER BUSINESS INSTITUTE INC, founded in 1994, is a small nonprofit in the Employment sector that reported $168K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $160K left a modest 5% surplus.

Mission

THE CHICAGO SUMMER BUSINESS INSTITUTE WAS FOUNDED IN 1991 TO PROVIDE MEANINGFUL SUMMER JOBS FOR CHICAGO HIGH SCHOOL STUDENTS AND TO INTRODUCE THEM TO THE FINANCIAL SERVICES SECTOR. POSITIONS AT FINANCIAL FIRMS THROUGHOUT CHICAGO ARE AVAILABLE TO STUDENT INTERNS (SEE SCHEDULE O)

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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 $164,610

Program Service Revenue $0

Investment Income $3,501

Other Revenue $0

TOTAL REVENUE $168,111

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $140,363

Fundraising Expenses $0

Program Expenses $155,475

Other Expenses $11,946

TOTAL EXPENSES $159,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,111	$191,167	-0.1%
Expenses	$159,809	$163,069	0.0%
Net Income	$8,302	$28,098	-0.7%

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

N/A

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ELIZABETH COOLIDGE	CO-CHAIRPERSON	Officer Director	$0	$0	$0
ALEXANDER RORKE	CO-CHAIRPERSON	Officer Director	$0	$0	$0
DAVID NAREFSKY	SECRETARY	Officer Director	$0	$0	$0
CLARENCE BOURNE	TREASURER	Officer Director	$0	$0	$0
BRIAN KING	DIRECTOR	Director	$0	$0	$0
LATRICE BAPTISTE	DIRECTOR	Director	$0	$0	$0
JAMES CARTER	DIRECTOR	Director	$0	$0	$0
SAMANTHA COSTANZO	DIRECTOR	Director	$0	$0	$0
JENNIFER FREDERICKS	DIRECTOR	Director	$0	$0	$0
DIANA HAMILTON	DIRECTOR	Director	$0	$0	$0
SHANNON JACOBSON	DIRECTOR	Director	$0	$0	$0
JOHN MATTERN	DIRECTOR	Director	$0	$0	$0
PHOEBE SELDON	DIRECTOR	Director	$0	$0	$0
TODD WALDROP	DIRECTOR	Director	$0	$0	$0
LIBERTY ZIEGAHN	DIRECTOR	Director	$0	$0	$0
OMAR DAGHESTANI	DIRECTOR	Director	$0	$0	$0
MICHELE OBRIEN	DIRECTOR	Director	$0	$0	$0
RAMON ORTEGA	DIRECTOR	Director	$0	$0	$0
LATASHA THOMAS	DIRECTOR	Director	$0	$0	$0
ANTHONY KINSEY	DIRECTOR	Director	$0	$0	$0
ED KURTH	DIRECTOR	Director	$0	$0	$0
MICHELE MARTELLO	DIRECTOR	Director	$0	$0	$0
JONATHAN MCGEE	DIRECTOR	Director	$0	$0	$0
YOLANDA QUINTANA	DIRECTOR	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
2024	$168,111	$159,809	$262,501	$8,302
2023	$191,167	$163,069	$254,199	$28,098
2022	$172,511	$180,711	$226,101	$-8,200
2021	$130,793	$85,669	$234,301	$45,124
2020	$112,580	$94,159	$189,177	$18,421
2019	$176,820	$242,362	$170,756	$-65,542
2018	$257,447	$213,300	$236,298	$44,147

CHICAGO SUMMER BUSINESS INSTITUTE INC