THE CHICAGO SCHOLARS FOUNDATION (EIN 364117530) - 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

1996

Legal Domicile

Phone

3127843300

Tax Period

2024-07-01 to 2025-06-30

THE CHICAGO SCHOLARS FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $7.6M exceeded revenue, resulting in a 52% operating deficit.

Mission

CHICAGO SCHOLARS IS TRANSFORMING THE LEADERSHIP LANDSCAPE OF OUR CITY BY RESOLVING THE FUNDAMENTAL BARRIERS TO SUCCESS FOR ACADEMICALLY DRIVEN, FIRST GENERATION COLLEGE STUDENTS FROM UNDER-RESOURCED COMMUNITIES.

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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 $4,587,055

Program Service Revenue $301,576

Investment Income $143,361

Other Revenue $-35,516

TOTAL REVENUE $4,996,476

Expense Breakdown

Grants Paid $213,017

Salaries & Benefits $4,894,441

Fundraising Expenses $950,102

Program Expenses $5,267,179

Other Expenses $2,464,590

TOTAL EXPENSES $7,572,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,996,476	$6,512,762	-0.2%
Expenses	$7,572,048	$7,570,054	+0.0%
Net Income	$-2,575,572	$-1,057,292	+1.4%

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

119

Volunteers

950

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

$256,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY BECKHAM JR	CEO	28.00	Officer	$246,897	$9,950	$256,847
RACHAEL CARBONE	CDOO	40.00		$179,589	$2,817	$182,406
TAMARA POPE	CSO	40.00		$136,272	$16,954	$153,226
MICHELLE M PATTERSON	MG. DIR OF DEV	40.00		$101,109	$7,416	$108,525
PAULETTE GRAHAM	Director	1.00	Director	$0	$0	$0
OLIVER BEVAN	Director	1.00	Director	$0	$0	$0
RAJ BHATIA	Director	1.00	Director	$0	$0	$0
NYERERE BILLUPS	Director	1.00	Director	$0	$0	$0
GARY CAPLAN	Director	1.00	Director	$0	$0	$0
KRIS CAREY	Director	1.00	Director	$0	$0	$0
MARK CASSATA	VICE CHAIR	3.00	Officer Director	$0	$0	$0
PAULA DANILIUC	Director	1.00	Director	$0	$0	$0
WENDY FRIEDMAN	Director	1.00	Director	$0	$0	$0
KOURTNEY GIBSON	Director	1.00	Director	$0	$0	$0
DANA GORDON	Director	1.00	Director	$0	$0	$0
REGINALD HILL	Director	1.00	Director	$0	$0	$0
DAN HOFFENKAMP	Director	1.00	Director	$0	$0	$0
SUZY KAHN WEINBERG	Director	1.00	Director	$0	$0	$0
GIRISH KASHYAP	Director	1.00	Director	$0	$0	$0
GREG KRANIAS	Director	1.00	Director	$0	$0	$0
JOSEPH LANSING	Treasurer	3.00	Officer Director	$0	$0	$0
MARIA LIN	Director	1.00	Director	$0	$0	$0
KATHERINE MANN	Director	1.00	Director	$0	$0	$0
NISAINI REXACH	Director	1.00	Director	$0	$0	$0
WILL RITCHIE	Director	1.00	Director	$0	$0	$0
BRIAN SANCHEZ	Director	1.00	Director	$0	$0	$0
MANNY SANCHEZ	Director	1.00	Director	$0	$0	$0
TIM SCHWERTFEGER	Director	3.00	Director	$0	$0	$0
DANIELLE SCOTT-DUKE	Director	1.00	Director	$0	$0	$0
REX SESSIONS	Director	1.00	Director	$0	$0	$0
SUZANNE SHIER	Secretary	3.00	Officer Director	$0	$0	$0
BRIAN SIMS	Director	1.00	Director	$0	$0	$0
JESSE SLOVENEC	Director	1.00	Director	$0	$0	$0
CARL TANNENBAUM	Director	1.00	Director	$0	$0	$0
KATHRYN THOMAS	Director	1.00	Director	$0	$0	$0
NATE ULERY	Chairman	3.00	Officer Director	$0	$0	$0
DV WILLIAMS	Director	1.00	Director	$0	$0	$0
KRISTIN WOLF	Director	1.00	Director	$0	$0	$0
ISAIAH MOORE	Director	1.00	Director	$0	$0	$0
AARON OLSON	Director	1.00	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	$4,996,476	$7,572,048	$9,700,454	$-2,575,572
2024	No data	No data	No data	No data
2023	$6,857,221	$7,844,062	$10,424,336	$-986,841
2022	$7,151,418	$5,735,285	$10,050,328	$1,416,133
2021	$6,079,355	$5,260,299	$9,876,556	$819,056
2020	$4,139,913	$6,234,647	$8,056,002	$-2,094,734
2019	$4,119,937	$5,333,808	$9,623,893	$-1,213,871

THE CHICAGO SCHOLARS FOUNDATION