MATH CIRCLES OF CHICAGO

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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

2010

Legal Domicile

Principal Officer

DOUG O'ROARK

Phone

7739683141

Tax Period

2024-07-01 to 2025-06-30

MATH CIRCLES OF CHICAGO, founded in 2010, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

MATH CIRCLES OF CHICAGO CREATES OPPORTUNITIES FOR ALL CHILDREN ACROSS CHICAGO TO DEVELOP A PASSION FOR MATHEMATICS.

Program Service Accomplishments

Program 1

Expenses: $459,393

WE PROVIDE BI-WEEKLY MATH ENRICHMENT PROGRAMS AT 6 HUBS AROUND CHICAGO DURING THE ACADEMIC YEAR, ALONG WITH 43 AFTER SCHOOL PROGRAMS, FROM SEPTEMBER TO MAY, SERVING OVER 1,100 CHILDREN IN GRADES...

WE PROVIDE BI-WEEKLY MATH ENRICHMENT PROGRAMS AT 6 HUBS AROUND CHICAGO DURING THE ACADEMIC YEAR, ALONG WITH 43 AFTER SCHOOL PROGRAMS, FROM SEPTEMBER TO MAY, SERVING OVER 1,100 CHILDREN IN GRADES 3-12. 91% OF PARTICIPATING STUDENTS WERE HIGHLY SATISFIED WITH THESE PROGRAMS

Program 2

Expenses: $157,141

IN JULY 2024 WE SERVED 133 STUDENTS IN TWO-WEEK LONG SUMMER CAMP PROGRAMS

Program 3

Expenses: $97,858

THROUGHOUT THE SCHOOL YEAR WE OFFERED 41 MATH FESTIVALS SERVING OVER 4,400 STUDENTS. TYPICALLY THESE FESTIVALS ARE HELD IN PARTNERSHIP WITH INDIVIDUAL CHICAGO PUBLIC ELEMENTARY SCHOOLS.

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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 $1,044,422

Program Service Revenue $0

Investment Income $4,634

Other Revenue $15,193

TOTAL REVENUE $1,064,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,450

Fundraising Expenses $101,701

Program Expenses $714,392

Other Expenses $498,654

TOTAL EXPENSES $1,044,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,064,249	$854,681	+0.2%
Expenses	$1,044,104	$799,848	+0.3%
Net Income	$20,145	$54,833	-0.6%

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

$136,984

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PJ KARAFIOL	CHAIR	2.00	Officer Director	$0	$0	$0
SENDHIL REVULURI	SECRETARY	2.00	Officer Director	$0	$0	$0
GARY JONES	TREASURER	2.00	Officer Director	$0	$0	$0
LAWRENCE TANZMAN	DIRECTOR	1.00	Director	$0	$0	$0
COREY MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
ARCHANA RANA	DIRECTOR	1.00	Director	$0	$0	$0
JOSE BACA	DIRECTOR	1.00	Director	$0	$0	$0
TROY BOCCELLI	DIRECTOR	1.00	Director	$0	$0	$0
BENITTA JONES	DIRECTOR	1.00	Director	$0	$0	$0
GAIL WARD	DIRECTOR	1.00	Director	$0	$0	$0
JEN TURNER	DIRECTOR	1.00	Director	$0	$0	$0
VISHAL SHAH	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS O'ROARK	EXECUTIVE DIRECTOR	40.00	Officer	$132,944	$4,040	$136,984

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	$1,064,249	$1,044,104	$470,992	$20,145
2024	$854,681	$799,848	$409,924	$54,833
2023	$693,322	$685,830	$355,215	$7,492
2022	$518,881	$404,635	$347,723	$114,246
2021	$378,363	$271,434	$233,477	$106,929