CHESTERTON ACADEMY OF THE IMMACULATE HEART

EIN: 844636253 501(c)(3) Education

Volo, IL

Total Revenue
$623,861
Total Expenses
$574,859
Total Assets
$118,423
Net Assets
$118,423
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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
2020
Legal Domicile
IL
Principal Officer
Steve Wilson
Phone
9723108392
Tax Period
2024-07-01 to 2025-06-30

CHESTERTON ACADEMY OF THE IMMACULATE HEART, founded in 2020, is a small nonprofit in the Education sector that reported $624K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $575K left a modest 8% surplus.

Mission

Chesterton Academy is a Classical High School in the Catholic Tradition. Using the integrated curriculum provided by the Chesterton Schools Network, our school forms and educates High School Students in Grades 9-12. We form our students in Intellect, Character and Spirituality. Our curriculum combines the humanities, the sciences, mathematics and fine arts into an integrated whole taught through the lens of the Catholic Faith. Unique to our area, our school utilizes the Socratic Seminar format to develop a student's intellect and their ability to reason effectively and communicate persuasively.

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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 $153,002
Program Service Revenue $418,180
Investment Income $0
Other Revenue $52,679
TOTAL REVENUE $623,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $445,182
Fundraising Expenses $0
Program Expenses $574,859
Other Expenses $129,677
TOTAL EXPENSES $574,859

Year-over-Year Comparison

2024 2023 Change
Revenue $623,861 $436,623 +0.4%
Expenses $574,859 $441,596 +0.3%
Net Income $49,002 $-4,973 -10.9%
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

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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
5
Independent Members
5
Employees
13
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Laseki Board Member 4
Director
$0 $0 $0
Frank Brannon Board Member 4
Director
$0 $0 $0
Laurale Ysteboe Treasurer 12
Officer
$0 $0 $0
Brandon Ysteboe Vice Chairman 4
Officer
$0 $0 $0
Steve Wilson Board Chairman 12
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 $623,861 $574,859 $118,423 $49,002
2024 $436,623 $441,596 $69,421 $-4,973
2023 $436,526 $420,223 $74,394 $16,303
2022 $271,347 $277,010 $58,091 $-5,663
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