MIDWEST ACADEMY FOR GIFTED EDUCATION NFP

EIN: 824857997 501(c)(3)

Chicago, IL

Total Revenue
$296,975
Total Expenses
$274,956
Total Assets
$22,019
Net Assets
$22,019
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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
2018
Legal Domicile
IL
Principal Officer
Irene Gottlieb
Phone
3126005571
Tax Period
2021-07-01 to 2022-06-30

MIDWEST ACADEMY FOR GIFTED EDUCATION NFP, founded in 2018, is a small nonprofit that reported $297K in total revenue in fiscal year 2021. Revenue decreased 7% compared to the prior year. Expenses of $275K left a modest 7% surplus.

Mission

Elementary and Secondary School

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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 (2021)

Revenue Breakdown

Contributions & Grants $12,241
Program Service Revenue $284,734
Investment Income $0
Other Revenue $0
TOTAL REVENUE $296,975

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,896
Fundraising Expenses $0
Program Expenses $274,956
Other Expenses $109,060
TOTAL EXPENSES $274,956

Year-over-Year Comparison

2021 2020 Change
Revenue $296,975 $319,250 -0.1%
Expenses $274,956 $312,037 -0.1%
Net Income $22,019 $7,213 +2.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
21
Volunteers
7

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
6
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Woo Director 1
Director
$0 $0 $0
Deb Lee VP 1
Officer Director
$0 $0 $0
Jessica Douglas Secretary 1
Officer Director
$0 $0 $0
Heather DeGeorge Treasurer 1
Officer Director
$0 $0 $0
Judy Wahl Director 1
Director
$0 $0 $0
Jodi Neal Director 1
Director
$0 $0 $0
Irene Gottlieb CEO 100
Officer Key Emp
$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
2022 $296,975 $274,956 $22,019 $22,019
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