LEARN SCUBA CHICAGO INC (EIN 364811222) - 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

2015

Legal Domicile

Principal Officer

TIM WEDRYK

Phone

7735993483

Tax Period

2023-01-01 to 2023-12-31

LEARN SCUBA CHICAGO INC, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $148K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $272K exceeded revenue, resulting in a 84% operating deficit.

Mission

LEARN SCUBA CHICAGO (LSC) SEEKS TO PROVIDE SCUBA DIVING ACCESS AND EDUCATION TO THE GENERAL PUBLIC, TO OFFER SCUBA EDUCATION PROGRAMS AND OPPORTUNITIES TAILORED TO BENEFIT INDIVIDUALS AND COMMUNITIES WITH SPECIFIC NEEDS, AND TO PROMOTE EDUCATION AND CONSERVATION OF UNDERWATER ECOSYSTEMS.

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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 $3,793

Program Service Revenue $150,551

Investment Income $-2,896

Other Revenue $-3,600

TOTAL REVENUE $147,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,814

Fundraising Expenses $0

Program Expenses $184,815

Other Expenses $183,629

TOTAL EXPENSES $272,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,848	$183,347	-0.2%
Expenses	$272,443	$206,405	+0.3%
Net Income	$-124,595	$-23,058	+4.4%

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

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

$3,159

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM WEDRYK	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALEX SURMACH	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GOSIA BARNAS	SECRETARY	5.00	Officer Director	$0	$0	$0
ROBERT HUFF	TREASURER	5.00	Officer Director	$0	$0	$0
AMY ANDERSON	DIRECTOR	5.00	Director	$3,159	$0	$3,159
JASON CONGER	DIRECTOR	5.00	Director	$0	$0	$0
SUSAN HUFF	DIRECTOR	5.00	Director	$0	$0	$0
JOSE TIRADO	DIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$147,848	$272,443	$304,396	$-124,595
2022	$183,347	$206,405	$414,486	$-23,058
2021	$177,709	$190,820	$490,553	$-13,111
2020	$86,651	$152,361	$164,126	$-65,710
2019	$226,547	$237,640	$105,741	$-11,093
2018	$257,298	$240,859	$143,688	$16,439
2017	$198,263	$191,973	$160,744	$6,290

LEARN SCUBA CHICAGO INC