DEPAUL COLLEGE PREP FOUNDATION

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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

2016

Legal Domicile

Principal Officer

MARY DEMPSEY

Phone

7735393600

Tax Period

2022-07-01 to 2023-06-30

DEPAUL COLLEGE PREP FOUNDATION, founded in 2016, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $4.1M left a modest 8% surplus.

Mission

RAISING FUNDS IN SUPPORT OF DEPAUL COLLEGE PREP, AN ILLINOIS NOT-FOR-PROFIT CORPORATION, HOLDING FUNDS AND ASSETS RAISED, DISBURSING AVAILABLE FUNDS IN SUPPORT OF THE CAPITAL, OPERATING AND OTHER FINANCIAL NEEDS OF DEPAUL COLLEGE PREP OR IN FURTHERANCE OF SUCH PURPOSE.

Program Service Accomplishments

Program 1

Expenses: $3,996,261 Revenue: $4,174,870

PROGRAM SERVICE: EDUCATIONAL RESOURCESDEPAUL COLLEGE PREP FOUNDATION ENTERED INTO A LOAN WITH THE ILLINOIS FINANCE AUTHORITY WHICH ISSUED BONDS ON BEHALF OF THE FOUNDATION. THE PROCEEDS OF THE BONDS WERE MAINLY USED TO REPAY THE DEBT FROM THE PURCHASE OF THE CAMPUS IN 2019 AND TO FINANCE THE COSTS OF BUILDING A NEW ACADEMIC BUILDING ON THE CAMPUS, INCLUDING 19 CLASSROOMS, A NEW DINING HALL, AND 2 SCIENCE LABS. EXPENSES ALSO INCLUDE INTEREST ON THE DEBT THAT WAS REPAID DURING THE YEAR, INTEREST ON THE LOAN WITH THE ILLINOIS FINANCE AUTHORITY, AND DEPRECIATION.

Program 2

Expenses: $3,000 Revenue: $198,798

PROGRAM SERVICE: ENDOWMENT FOR EDUCATIONAL PURPOSECONTRIBUTIONS TO DEPAUL COLLEGE PREP FOUNDATION ARE PARTIALLY TO GROW THE ENDOWMENT TO BE USED FOR EDUCATIONAL PURPOSES. THE ENDOWMENT FUND WILL FUND BOTH SCHOLARSHIPS TO STUDENTS WHO ATTEND DEPAUL COLLEGE PREP AND PROFESSIONAL DEVELOPMENT FOR THE FACULTY AT DEPAUL COLLEGE PREP.

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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 $1,688,681

Program Service Revenue $2,660,926

Investment Income $27,925

Other Revenue $24,061

TOTAL REVENUE $4,401,593

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,999,261

Other Expenses $4,060,286

TOTAL EXPENSES $4,063,286

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,401,593	$4,802,085	-0.1%
Expenses	$4,063,286	$3,168,710	+0.3%
Net Income	$338,307	$1,633,375	-0.8%

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

$51,371

Total Directors