CHICAGO SPORTS SUMMIT 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

2017

Legal Domicile

Phone

7082362632

Tax Period

2024-01-01 to 2024-12-31

CHICAGO SPORTS SUMMIT FOUNDATION, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $195K in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 31% operating margin.

Mission

THE CHICAGO SPORTS SUMMIT FOUNDATION WAS CREATED TO SUPPORT THE PHYSICAL AND EDUCATIONAL DEVELOPMENT OF CHICAGO AREA YOUTH THROUGH PARTNERSHIPS WITH LOCAL CHARITIES SHARING THE SAME VISION.

Program Service Accomplishments

Program 1

Expenses: $125,000

THIS YEAR, THE CHICAGO SPORTS SUMMIT FOUNDATION (CSSF) WAS PROUD TO CONTRIBUTE TO SPORTS MEDICINE RESEARCH AND EDUCATION AT RUSH UNIVERSITY. THEY ARE FOCUSED ON PROMOTING HEALTH AND ASSISTING THE...

THIS YEAR, THE CHICAGO SPORTS SUMMIT FOUNDATION (CSSF) WAS PROUD TO CONTRIBUTE TO SPORTS MEDICINE RESEARCH AND EDUCATION AT RUSH UNIVERSITY. THEY ARE FOCUSED ON PROMOTING HEALTH AND ASSISTING THE HIGH-RISK YOUTH IN THE CHICAGO AREA. THEY ARE WELL ESTABLISHED AND HAVE A GREAT HISTORY OF MAKING AN IMPACT ON THE LIVES OF THOUSANDS OF TEENAGERS.

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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 $220,720

Program Service Revenue $0

Investment Income $0

Other Revenue $-25,239

TOTAL REVENUE $195,481

Expense Breakdown

Grants Paid $125,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,000

Other Expenses $9,694

TOTAL EXPENSES $134,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,481	$97,685	+1.0%
Expenses	$134,694	$100,514	+0.3%
Net Income	$60,787	$-2,829	-22.5%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN COLE	PRESIDENT	1.0	Officer Director	$0	$0	$0
NIK VERMA	SECRETARY	1.0	Officer Director	$0	$0	$0
RANDAL JOHNSON	TREASURER	1.0	Officer 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	$195,481	$134,694	$81,411	$60,787
2019	$103,756	$113,029	$62,696	$-9,273