THE WONG CENTER FOR EDUCATION

EIN: 811146406 501(c)(3) Education

Naperville, IL

Total Revenue
$699,280
Total Expenses
$606,718
Total Assets
$109,302
Net Assets
$98,674
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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
William Wong
Tax Period
2024-04-01 to 2025-03-31

THE WONG CENTER FOR EDUCATION, founded in 2015, is a small nonprofit in the Education sector that reported $699K in total revenue in fiscal year 2024. Expenses of $607K left a modest 13% surplus.

Mission

To strengthen, enhance and enrich students interest in Science, Technology, Engineering, and Math (STEM) educational programs for elementary, middle and high school students in the Chicagoland area and assist eligible students in the opportunity to compete in STEM competitions.

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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 (2024)

Revenue Breakdown

Contributions & Grants $699,280
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $699,280

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,175
Fundraising Expenses $0
Program Expenses $606,718
Other Expenses $531,543
TOTAL EXPENSES $606,718

Year-over-Year Comparison

2024 2023 Change
Revenue $699,280 N/A N/A
Expenses $606,718 N/A N/A
Net Income $92,562 N/A 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
3
Independent Members
3
Employees
1
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
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sarah Slater Executive Director 0.00
Highest
$40,000 $0 $40,000
William Wong President 0.00
Officer
$0 $0 $0
John Slater Board Member 0.00
Officer
$0 $0 $0
John Martinez Board Member 0.00
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
2025 $699,280 $606,718 $109,302 $92,562
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