CHICAGO FRIENDS SCHOOL (EIN 800197986) - 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

2008

Legal Domicile

Principal Officer

KAREN CARNEY

Phone

7734422371

Tax Period

2022-07-01 to 2023-06-30

CHICAGO FRIENDS SCHOOL, founded in 2008, is a small nonprofit in the Education sector that reported $442K in total revenue in fiscal year 2017. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $408K left a modest 8% surplus.

Mission

EDUCATION OF CHILDREN IN AN EVOLVING SUPPORTIVE AND DIVERSE COMMUNITY, RESULTING IN ACADEMIC EXCELLENCE AND SPIRITUAL DEPTH. THE SCHOOL IS ROOTED IN THE QUAKER VALUES OF PEACE, EQUALITY, SIMPLICITY, INTEGRITY, COMMUNITY AND SERVICE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $119,299

Program Service Revenue $412,428

Investment Income $1,102

Other Revenue $26,281

TOTAL REVENUE $559,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,049

Fundraising Expenses $10,710

Program Expenses $524,648

Other Expenses $212,192

TOTAL EXPENSES $612,241

Year-over-Year Comparison

	2022	2021	Change
Revenue	$559,110	$800,567	-0.3%
Expenses	$612,241	$701,310	-0.1%
Net Income	$-53,131	$99,257	-1.5%

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

$79,836

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN CARNEY	Executive Dir.	40.00	Officer	$79,836	$0	$79,836
KATHERINE YOUNG	CLERK	1.00	Officer Director	$0	$0	$0
KATE CONNOR	RECORDING CLERK	1.00	Officer Director	$0	$0	$0
REBECCA CONANT	Director	1.00	Director	$0	$0	$0
JASON RICHARDS	Director	1.00	Director	$0	$0	$0
JANE FREMON	Director	1.00	Director	$0	$0	$0
CAROLINE HOKE	Director	1.00	Director	$0	$0	$0
NEIL LICHTMAN	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$559,110	$612,241	$304,432	$-53,131
2023	$590,405	$620,645	$194,717	$-30,240
2022	$800,567	$701,310	$339,963	$99,257
2022	$800,568	$678,153	$357,041	$122,415
2018	$441,553	$407,792	$200,181	$33,761

CHICAGO FRIENDS SCHOOL