Lycee Francais de Chicago Inc

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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

1995

Legal Domicile

Principal Officer

Eric Veteau

Phone

7736650066

Tax Period

2023-07-01 to 2024-06-30

Lycee Francais de Chicago Inc, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $23.3M in total revenue in fiscal year 2023. Expenses of $22.4M left a modest 4% surplus.

Mission

The Lycee Francais de Chicago, driven by our core values of respect, responsibility and the joy of learning, empowers students to grow into active global citizens.

Program Service Accomplishments

Program 1

Expenses: $19,211,995 Revenue: $21,408,871

Lycee Francais de Chicago is a private, not-for-profit, coeducational day school serving 776 students from pre-kindergarten through 12th grade. The Lycee Francais de Chicago prepares students to be responsible global citizens by providing a dynamic dual language, bicultural education that focuses on excellence through the French National Curriculum complemented by a strong English Language Arts and American Studies program. Our multicultural, dual-language curriculum brings together the best of the French and American education systems. It not only enhances our students' interpersonal, communication, and academic skills, it also helps them distinguish themselves in an increasingly competitive world. The Lycee belongs to the renowned worldwide French school system, which ensures the consistency and cohesiveness of its curriculum.LFC*daycare offers children 24-month and up an inviting space to play, learn and grow in a warm, bilingual environment. It is a year long program open Monday-Friday from 7am to 6pm.

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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 $1,111,100

Program Service Revenue $21,408,871

Investment Income $574,677

Other Revenue $228,590

TOTAL REVENUE $23,323,238

Expense Breakdown

Grants Paid $1,900,457

Salaries & Benefits $15,353,694

Fundraising Expenses $466,403

Program Expenses $19,211,995

Other Expenses $5,178,901

TOTAL EXPENSES $22,433,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,323,238	$21,935,792	+0.1%
Expenses	$22,433,052	$20,333,142	+0.1%
Net Income	$890,186	$1,602,650	-0.4%

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

289

Volunteers

315

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

$619,913

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brigitte Ozzello	Chair	5.00	Officer Director	$0	$0	$0
Aurelie Richard	Treasurer until 6/30/24	5.00	Officer Director	$0	$0	$0
Randy Bridgeman	Secretary	5.00	Officer Director	$0	$0	$0
Virginie Ott-Bono	Past Chair	1.00	Director	$0	$0	$0
Pierre-Andre Balson	Trustee	1.00	Director	$0	$0	$0
Joanne Barry-Bobule	Trustee	1.00	Director	$0	$0	$0
Tatiana Bonuma	Trustee	1.00	Director	$0	$0	$0
Keith Brennan	Trustee	1.00	Director	$0	$0	$0
Kelsey Burr	Trustee	1.00	Director	$0	$0	$0
Marissa Ingley	Trustee	1.00	Director	$0	$0	$0
Eric Jensen	Trustee	1.00	Director	$0	$0	$0
Angelina Joiner	Trustee until 6/30/24	1.00	Director	$0	$0	$0
Kish Khemani	Trustee until 6/30/24	1.00	Director	$0	$0	$0
Eileen Kirkwood	Trustee until 6/30/24	1.00	Director	$0	$0	$0
Jenn Lajano	Trustee	1.00	Director	$0	$0	$0
Xavier Laurens	Trustee	1.00	Director	$0	$0	$0
Jennifer Lee	Trustee	1.00	Director	$0	$0	$0
Philippe Lunardelli	Trustee until 6/30/24	1.00	Director	$0	$0	$0
Christophe Ridet	Trustee until 6/30/24	1.00	Director	$0	$0	$0
Eric Veteau	President	40.00	Officer	$344,489	$21,072	$365,561
Mike Yager	CFO	40.00	Officer	$215,741	$38,611	$254,352
Sarah Galer	CCMO	40.00	Highest	$143,246	$29,057	$172,303
Philippe Audasso	Director of Athletics	40.00	Highest	$130,086	$10,458	$140,544
Irina Lobo-Ziemann	Director of Information Technology	40.00	Highest	$127,298	$20,957	$148,255
Pascal Leon	Director of Primary School	40.00	Highest	$110,247	$7,936	$118,183
Delphine Geannopulos	Director of Middle School	40.00	Highest	$106,104	$23,278	$129,382

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	$23,323,238	$22,433,052	$52,146,659	$890,186
2023	$21,935,792	$20,333,142	$50,728,444	$1,602,650
2022	$20,956,507	$18,803,292	$48,935,654	$2,153,215
2021	$20,322,112	$17,817,585	$48,724,560	$2,504,527
2020	$22,168,746	$19,151,036	$46,369,926	$3,017,710
2019	$19,189,151	$18,265,868	$42,395,473	$923,283
2018	$18,147,598	$17,899,402	$41,792,211	$248,196