Chicago Free School (EIN 463840833) - 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

2013

Legal Domicile

Principal Officer

Corrigan Nadon-Nichols

Phone

5188679459

Tax Period

2024-07-01 to 2025-06-30

Chicago Free School, founded in 2013, is a small nonprofit in the Education sector that reported $721K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $658K left a modest 9% surplus.

Mission

Chicago Free School provides pre-kindergarten through 8th grade instruction and support activities. The faculty consists of qualified indiviuals with the appropriate education and experiende to provide students with the education that helps achieve the organization mission.

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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 $42,091

Program Service Revenue $651,792

Investment Income $25,985

Other Revenue $903

TOTAL REVENUE $720,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $493,256

Fundraising Expenses $0

Program Expenses $524,713

Other Expenses $164,635

TOTAL EXPENSES $657,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$720,771	$647,499	+0.1%
Expenses	$657,891	$664,763	0.0%
Net Income	$62,880	$-17,264	-4.6%

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

$60,833

Total Directors

$60,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ephran Ramirez	President	1.00	Officer Director	$60,833	$0	$60,833
Corrigan Nadon-Nichols	Treasurer	1.00	Officer Director	$0	$0	$0
Stefanie Mueller	Secretary	1.00	Officer Director	$0	$0	$0
Elizabeth Lazdins	Director	1.00	Director	$0	$0	$0
Tameka Walton	Director	1.00	Director	$0	$0	$0
Erin Haddad-Null	Director	1.00	Director	$0	$0	$0
Margaret Garascia	Director	1.00	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
2025	$720,771	$657,891	$218,102	$62,880
2024	$647,499	$664,763	$91,140	$-17,264
2023	$574,367	$592,862	$88,180	$-18,495
2022	$603,695	$715,672	$69,196	$-111,977
2022	$603,695	$715,672	$69,196	$-111,977
2021	$580,430	$558,316	$167,718	$22,114
2020	$710,887	$607,189	$250,351	$103,698
2019	$528,414	$505,361	$197,773	$23,053

Chicago Free School