SCHOLARSHIPS FOR ILLINOIS RESIDENTS INC (EIN 066058216) - 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

1947

Legal Domicile

Principal Officer

EDWARD HUNTLEY

Phone

2176527540

Tax Period

2024-07-01 to 2025-06-30

SCHOLARSHIPS FOR ILLINOIS RESIDENTS INC, founded in 1947, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $630K, a strong 50% operating margin.

Mission

SEE PART III, NUMBER 1

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,251,655

Other Revenue $0

TOTAL REVENUE $1,251,655

Expense Breakdown

Grants Paid $586,981

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $586,981

Other Expenses $34,818

TOTAL EXPENSES $621,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,251,655	$510,483	+1.5%
Expenses	$621,799	$684,462	-0.1%
Net Income	$629,856	$-173,979	-4.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD W HUNTLEY	PRESIDENT	6.00	Officer Director	$0	$0	$0
FREDERICK C PRILLAMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC BEATTY	TREASURER, SECRETARY	3.00	Officer Director	$0	$0	$0
PATRICE BALL-REED	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN ELLWOOD	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	$1,251,655	$621,799	$15,330,056	$629,856
2024	$510,483	$684,462	$14,158,355	$-173,979
2023	$404,976	$637,467	$13,091,272	$-232,491
2022	$908,661	$633,067	$12,085,446	$275,594
2021	$413,128	$514,565	$14,484,089	$-101,437
2020	$423,985	$431,068	$11,396,086	$-7,083
2019	$510,163	$590,515	$11,451,620	$-80,352

SCHOLARSHIPS FOR ILLINOIS RESIDENTS INC