Kates Detective and Security Academy Inc

EIN: 452820122 501(c)(3) Education

Chicago, IL

Total Revenue
$879,734
Total Expenses
$829,425
Total Assets
$651,945
Net Assets
$430,762
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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
2014
Legal Domicile
IL
Phone
7734363788
Tax Period
2024-01-01 to 2024-12-31

Kates Detective and Security Academy Inc, founded in 2014, is a small nonprofit in the Education sector that reported $388K in total revenue in fiscal year 2021. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 42% operating margin.

Mission

Kates Detective and Security Academys mission is to provide vocational training and educational assistance

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $879,734
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $879,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $558,876
Fundraising Expenses $0
Program Expenses $614,828
Other Expenses $270,549
TOTAL EXPENSES $829,425

Year-over-Year Comparison

2024 2023 Change
Revenue $879,734 $454,898 +0.9%
Expenses $829,425 $441,267 +0.9%
Net Income $50,309 $13,631 +2.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
5
Volunteers
N/A

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Kates President 40.00
Officer Director
$0 $0 $0
Gladys Kates Vice President 2.00
Director
$0 $0 $0
Leshem Kates Graham Secretary 10.00
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 $879,734 $829,425 $651,945 $50,309
2023 $454,898 $441,267 $258,993 $13,631
2022 $432,524 $343,345 $270,483 $89,179
2021 $387,852 $223,695 $212,627 $164,157
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