Lane Tech 2nd Century Foundation c/o Erwin Law Firm

EIN: 475625668 501(c)(3)

Chicago, IL

Total Revenue
N/A
Total Expenses
$865
Total Assets
$37,851
Net Assets
$37,851
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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
2015
Legal Domicile
IL
Principal Officer
James Erwin
Phone
7735250153
Tax Period
2020-01-01 to 2020-12-31

Mission

To provide support to the students of Lane Tech High School for educational purposes

Program Service Accomplishments

Program 1

To provide support to the students of Lane Tech High School for educational purposes

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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 (2020)

Revenue Breakdown

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

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $865
TOTAL EXPENSES $865

Year-over-Year Comparison

2020 2019 Change
Revenue N/A $45,254 -1.0%
Expenses $865 $141,470 -1.0%
Net Income N/A $-96,216 N/A
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
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Tennison Ex-Officio 0.00
Director
$0 $0 $0
Quinton Baily Director 0.40
Director
$0 $0 $0
Susan Newman Director 0.40
Director
$0 $0 $0
Aferdita Merkel Director 1.00
Director
$0 $0 $0
Paul Rosenfeld Director 0.40
Director
$0 $0 $0
Brian Telles Director 1.00
Director
$0 $0 $0
Stelios Valvanis Director 0.40
Director
$0 $0 $0
Max DeZara President 0.40
Officer
$0 $0 $0
Peter Kozura Secretary 0.40
Officer
$0 $0 $0
James Erwin Treasurer 0.40
Officer
$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
2020 No data $865 $37,851 No data
2019 $45,254 $141,470 $38,716 $-96,216
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