VETERANS FOUNDATION OF ILLINOIS INC (EIN 113698763) - 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

2003

Legal Domicile

Principal Officer

JOSEPH SCOTT SWINFORD

Phone

2175296688

Tax Period

2023-07-01 to 2024-06-30

VETERANS FOUNDATION OF ILLINOIS INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $247K in total revenue in fiscal year 2023. The organization ran a surplus of $182K, a strong 73% operating margin.

Mission

THE MISSION OF THE VETERANS FOUNDATION OF ILLINOIS, INC IS TO SUPPORT PROGRAMS AND SERVICES THAT SECURE, MANAGE, AND DISTRIBUTE RESOURCES TO IMPROVE THE LIVES OF VETERANS, MILITARY SERVICE PERSONNEL, THEIR FAMILIES, AND COMMUNITIES WHERE THEY LIVE THROUGHOUT ILLINOIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $236,370

Program Service Revenue $0

Investment Income $10,825

Other Revenue $0

TOTAL REVENUE $247,195

Expense Breakdown

Grants Paid $65,009

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,009

Other Expenses $620

TOTAL EXPENSES $65,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,195	N/A	N/A
Expenses	$65,629	N/A	N/A
Net Income	$181,566	$0	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

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

$56,298

Total Directors

$56,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE STOUT	PRESIDENT	20.00	Officer Director	$0	$0	$0
TODD LATHAM	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
JOE BARTLEY	TREASURER	20.00	Officer Director	$0	$0	$56,298
BARBARA WILSON	SECRETARY	20.00	Officer Director	$0	$0	$0
MAURICE BRIDGES SR	DIRECTOR	20.00	Director	$0	$0	$0
EUGENE BLACKWELL	DIRECTOR	20.00	Director	$0	$0	$0
ROB BAILEY	DIRECTOR	20.00	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	No data	No data	No data	No data
2024	$247,195	$65,629	$377,328	$181,566

VETERANS FOUNDATION OF ILLINOIS INC