CHICAGO CHARTER SCHOOL FOUNDATION

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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

1997

Legal Domicile

Principal Officer

KRIS CHEUNG

Phone

3126515000

Tax Period

2022-07-01 to 2023-06-30

CHICAGO CHARTER SCHOOL FOUNDATION, founded in 1997, is a major nonprofit in the Education sector that reported $123.1M in total revenue in fiscal year 2022.

Mission

OUR VIBRANT NETWORK OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION.

Program Service Accomplishments

Program 1

Expenses: $99,199,975 Revenue: $6,923,385

PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH THROUGH THE OPERATION OF 13 CAMPUS LOCATIONS SERVING 7,127 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE DURING FY JUNE 30, 2023. CICS' VIBRANT HUB OF...

PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH THROUGH THE OPERATION OF 13 CAMPUS LOCATIONS SERVING 7,127 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE DURING FY JUNE 30, 2023. CICS' VIBRANT HUB OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $115,586,281

Program Service Revenue $6,923,385

Investment Income $484,635

Other Revenue $109,057

TOTAL REVENUE $123,103,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,188,960

Fundraising Expenses $25,422

Program Expenses $99,199,975

Other Expenses $42,369,097

TOTAL EXPENSES $121,558,057

Year-over-Year Comparison

	2022	2021	Change
Revenue	$123,103,358	$126,920,103	0.0%
Expenses	$121,558,057	$120,734,031	+0.0%
Net Income	$1,545,301	$6,186,072	-0.8%

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

422

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

$2,076,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BLINDERMAN	PRESIDENT	2.00	Director	$0	$0	$0
DAVID CHIZEWER	DIRECTOR	2.00	Director	$0	$0	$0
TIFFANY N JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
VENKAT MADDILA	DIRECTOR	2.00	Director	$0	$0	$0
MARK MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN NOVELLINE	DIRECTOR	2.00	Director	$0	$0	$0
ILEANA P RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
EVAN SHARP	DIRECTOR	2.00	Director	$0	$0	$0
KRIS CHEUNG	CHIEF EXECUTIVE OFFICER	40.00	Officer	$318,795	$543	$319,338
CHRISTINE LEUNG	PRESIDENT	40.00	Officer	$201,753	$35,296	$237,049
TORRY BENNETT-DAVIS	CEP CHIEF EXECUTIVE OFFICER	40.00	Officer	$177,990	$26,758	$204,748
LAHARI GOUD	CEP PRESIDENT	40.00	Officer	$182,738	$12,928	$195,666
PELIN DENIZ	CHIEF OPERATIONS OFFICER	40.00	Officer	$180,567	$8,705	$189,272
EDWINDRA JOHNSON	CHIEF PEOPLE OFFICER - TERM	40.00	Officer	$164,589	$11,996	$176,585
DERRICK ORR	CEP SCHOOL PRINCIPAL	40.00	Officer	$145,428	$23,213	$168,641
ALLISON HANSEN	CHIEF ACADEMIC OFFICER	40.00	Officer	$161,135	$6,131	$167,266
LINDSEY GIRARD	SCHOOL DIRECTOR	40.00	Officer	$161,230	$0	$161,230
TAQUIA HYLTON	CEP SCHOOL PRINCIPAL	40.00	Officer	$139,405	$6,586	$145,991
PETE PELLEGRINO	CHIEF FINANCIAL OFFICER - TERM	40.00	Officer	$93,933	$17,254	$111,187
YESICA RUFINO-PEREZ	CHIEF GOVERNANCE OFFICER	40.00	Highest	$158,538	$6,933	$165,471
MATSUO MARTI	CHIEF SCHOOLS OFFICER	40.00	Highest	$140,939	$5,351	$146,290
TYSON DANIEL	SCHOOL PRINCIPAL	40.00	Highest	$135,876	$9,056	$144,932
CHRYSTAL FIELDS	MANAGING DIR OF STUDENT AND FAM SUPP	40.00	Highest	$131,048	$0	$131,048
ALAN JACKSON	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$123,536	$5,718	$129,254

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	No data	No data	No data	No data
2023	$123,103,358	$121,558,057	$117,812,382	$1,545,301
2022	$126,920,103	$120,734,031	$120,200,318	$6,186,072
2021	$112,450,747	$109,010,269	$115,297,280	$3,440,478
2020	$109,707,690	$111,546,258	$103,636,981	$-1,838,568
2019	$109,122,218	$109,567,946	$102,521,715	$-445,728
2018	$106,844,535	$104,916,744	$91,167,404	$1,927,791