IPPFA REMEMBRANCE FUND

EIN: 134216515 501(c)(3) Philanthropy & Grantmaking

ELGIN, IL

Total Revenue
$226,322
Total Expenses
$32,381
Total Assets
$544,331
Net Assets
$544,331
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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
2002
Legal Domicile
IL
Principal Officer
WILLIAM GALAGAN
Phone
8476665680
Tax Period
2025-01-01 to 2025-12-31

IPPFA REMEMBRANCE FUND, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $226K in total revenue in fiscal year 2025. Revenue surged 729% from the prior year, signaling strong growth momentum. The organization ran a surplus of $194K, a strong 86% operating margin.

Mission

THE IPPFA REMEMBRANCE FUND WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING FINANCIAL SUPPORT TO THE FAMILIES OF ILLINOIS POLICE OFFICERS AND FIREFIGHTERS KILLED IN THE LINE OF DUTY.

Program Service Accomplishments

Program 1
Expenses: $24,000

WE ARE DEDICATED TO HONORING THE MEMORY OF THE BRAVE PUBLIC SAFETY OFFICERS THAT DIED OR WERE INJURED SERVING AND PROTECTING THE RESIDENTS OF ILLINOIS. WE HAVE PROVIDED FINANCIAL SUPPORT TO THE...

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WE ARE DEDICATED TO HONORING THE MEMORY OF THE BRAVE PUBLIC SAFETY OFFICERS THAT DIED OR WERE INJURED SERVING AND PROTECTING THE RESIDENTS OF ILLINOIS. WE HAVE PROVIDED FINANCIAL SUPPORT TO THE FAMILIES OF FALLEN LAW ENFORCEMENT OFFICERS AND FIREFIGHTERS THAT HAVE GONE ABOVE AND BEYOND THE CALL OF DUTY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $49,104
Program Service Revenue $0
Investment Income $127,767
Other Revenue $49,451
TOTAL REVENUE $226,322

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $12,000
Fundraising Expenses $4,000
Program Expenses $24,000
Other Expenses $381
TOTAL EXPENSES $32,381

Year-over-Year Comparison

2025 2024 Change
Revenue $226,322 $27,302 +7.3%
Expenses $32,381 $10,059 +2.2%
Net Income $193,941 $17,243 +10.2%
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
13
Independent Members
13
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
11
$12,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE GUY EXECUTIVE DI 0.00
Officer
$12,000 $0 $12,000
BRANDON BLOUGH BOARD ASST T N/A
Officer Director
$0 $0 $0
MARY BURRESS BOARD ASST S N/A
Officer Director
$0 $0 $0
DAN COLLINS BOARD DIRECT N/A
Director
$0 $0 $0
SHAWN CURRY BOARD VICE P N/A
Officer Director
$0 $0 $0
WILLIAM GALAGAN BOARD PRESID N/A
Officer Director
$0 $0 $0
BILL GALGAN BOARD TREASU N/A
Officer Director
$0 $0 $0
MIKE HERBERT BOARD DIRECT N/A
Director
$0 $0 $0
DAN HOPKINS BOARD VICE P N/A
Officer Director
$0 $0 $0
JIM MALONEY BOARD VICE P N/A
Officer Director
$0 $0 $0
ANTHONY MARTIN BOARD DIRECT N/A
Director
$0 $0 $0
JAMES MCNAMEE BOARD PRESID N/A
Officer Director
$0 $0 $0
MARK POULOS BOARD VICE P N/A
Officer Director
$0 $0 $0
PHIL TRUDEAU BOARD DIRECT N/A
Director
$0 $0 $0
GENE WASHINGTON BOARD SECRET N/A
Officer 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 $226,322 $32,381 $544,331 $193,941
2024 $27,302 $10,059 $451,120 $17,243
2023 $197,884 $10,000 $406,772 $187,884
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