The Einstein Academy

EIN: 611413612 501(c)(3) Education

Elgin, IL

Total Revenue
$51,819
Total Expenses
$162,111
Total Assets
$1,483,801
Net Assets
$-1,816,265
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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
2002
Legal Domicile
IL
Principal Officer
Cathryn Ilani
Phone
8473431260
Tax Period
2023-07-01 to 2024-06-30

The Einstein Academy, founded in 2002, is a micro nonprofit in the Education sector that reported $52K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $162K exceeded revenue, resulting in a 213% operating deficit.

Mission

To implement an individualize and nurturing program that provides gifted and talented students with skills and knowledge necessary to become productive members of society and lifelong learners.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,815
Investment Income $12,596
Other Revenue $28,408
TOTAL REVENUE $51,819

Expense Breakdown

Grants Paid $360
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $162,111
Other Expenses $161,751
TOTAL EXPENSES $162,111

Year-over-Year Comparison

2023 2022 Change
Revenue $51,819 $155,390 -0.7%
Expenses $162,111 $308,245 -0.5%
Net Income $-110,292 $-152,855 -0.3%
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
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cathryn Ilani President 0.50
Officer Director
$0 $0 $0
Brad Bolerjack Secretary 0.10
Officer Director
$0 $0 $0
Al Neil Treasurer 0.10
Officer Director
$0 $0 $0
Ezra Ilani Vice President 0.10
Officer 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 $51,819 $162,111 $1,483,801 $-110,292
2023 $155,390 $308,245 $1,947,920 $-152,855
2022 $735,439 $718,724 $2,152,197 $16,715
2021 $667,822 $802,113 $1,787,191 $-134,291
2021 $667,822 $802,113 $1,787,191 $-134,291
2020 $924,268 $898,078 $1,907,763 $26,190
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