CHICAGO CHESS FOUNDATION (EIN 465424330) - 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

2014

Legal Domicile

Principal Officer

Michael Hayes

Phone

7087361711

Tax Period

2024-09-01 to 2025-08-31

CHICAGO CHESS FOUNDATION, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $201K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $221K exceeded revenue, resulting in a 10% operating deficit.

Mission

We provide all Chicago youth with equitable access to chess education empowering them with essential life skills for success on and off the board.

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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 $190,648

Program Service Revenue $12,250

Investment Income $702

Other Revenue $-2,975

TOTAL REVENUE $200,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,080

Fundraising Expenses $47,590

Program Expenses $127,724

Other Expenses $62,965

TOTAL EXPENSES $221,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,625	$145,577	+0.4%
Expenses	$221,045	$147,970	+0.5%
Net Income	$-20,420	$-2,393	+7.5%

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

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
Michael Hayes	Board Trustee	4.00	Officer Director	$0	$0	$0
Michael Bologna	Board Trustee	4.00	Officer Director	$0	$0	$0
Wesley Moran	Board Trustee	4.00	Officer Director	$0	$0	$0
Benjamin Wong	Board Trustee	4.00	Officer Director	$0	$0	$0
Serge Minin	Board Trustee	4.00	Director	$0	$0	$0
Christine Laskero	Board Trustee	4.00	Director	$0	$0	$0
Mariam Danelia	Board Trustee	4.00	Director	$0	$0	$0
Lawrence Manetti	Board Trustee	4.00	Director	$0	$0	$0
Jordan Anderson	Board Trustee	4.00	Director	$0	$0	$0
Jose Garza	Board Trustee	4.00	Director	$0	$0	$0
Edwin Walker	Board Trustee	4.00	Officer Director	$0	$0	$0
Adam Geisler	Board Trustee	4.00	Director	$0	$0	$0
John Deligiannis	Board Trustee	4.00	Director	$0	$0	$0
Alan Furth	Board Trustee	4.00	Director	$0	$0	$0
Cassandra Salgado	Board Trustee	4.00	Director	$0	$0	$0
David Pickens Jr	Board Trustee	4.00	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	$200,625	$221,045	$72,720	$-20,420

CHICAGO CHESS FOUNDATION