CHILDREN'S SCHOOL OF OAK PARK

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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

2004

Legal Domicile

Principal Officer

DAVID NOVAK

Phone

7084848033

Tax Period

2024-08-01 to 2025-07-31

CHILDREN'S SCHOOL OF OAK PARK, founded in 2004, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 25% operating deficit.

Mission

OUR MISSION IS TO NURTURE STUDENTS' INNATE CURIOSITY AND LOVE OF LEARNING THROUGH DEMOCRATIC PRACTICE, EMERGENT CURRICULUM AND HANDS-ON PROJECTS, HELPING STUDENTS BECOME LIFELONG PROBLEM-SOLVERS AND ENGAGED CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $1,657,471 Revenue: $1,386,391

THE SCHOOL PROVIDED EDUCATION FOR APPROXIMATELY 130 CHILDREN IN GRADES K-8.

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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 $81,718

Program Service Revenue $1,386,391

Investment Income $35,230

Other Revenue $-3,020

TOTAL REVENUE $1,500,319

Expense Breakdown

Grants Paid $141,180

Salaries & Benefits $1,240,861

Fundraising Expenses $0

Program Expenses $1,657,471

Other Expenses $499,729

TOTAL EXPENSES $1,881,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,500,319	$1,545,086	0.0%
Expenses	$1,881,770	$1,877,324	+0.0%
Net Income	$-381,451	$-332,238	+0.1%

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

N/A

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
DAVID NOVAK	PRESIDENT	3.00	Officer Director	$0	$0	$0
TOM HAFNER	TREASURER	3.00	Officer Director	$0	$0	$0
BETH MARSHALL-BERGMAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
AMY CARSON	SECRETARY	3.00	Officer Director	$0	$0	$0
ALLISON MALONEY	DIRECTOR	2.00	Director	$0	$0	$0
SUNIL PEDDAKOTLA	DIRECTOR	2.00	Director	$0	$0	$0
GLORIA MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
ASMA ALI	DIRECTOR	2.00	Director	$0	$0	$0
LISA FRIEDMAN	DIRECTOR	2.00	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	$1,500,319	$1,881,770	$1,876,517	$-381,451
2024	$1,545,086	$1,877,324	$2,394,103	$-332,238
2023	$1,945,491	$1,942,654	$1,295,431	$2,837
2022	$1,612,207	$1,472,085	$1,288,803	$140,122
2021	$1,723,217	$1,256,183	$1,184,130	$467,034
2020	$1,370,663	$1,317,350	$873,728	$53,313
2019	$1,167,254	$1,212,499	$637,080	$-45,245