PEORIA PROMISE FOUNDATION

EIN: 134353454 501(c)(3) Education

PEORIA, IL

Total Revenue
$377,235
Total Expenses
$377,380
Total Assets
$638,892
Net Assets
$428,218
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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
2007
Legal Domicile
IL
Principal Officer
ROB BELL
Phone
3096810091
Tax Period
2023-01-01 to 2023-12-31

PEORIA PROMISE FOUNDATION, founded in 2007, is a small nonprofit in the Education sector that reported $377K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE PEORIA PROMISE FOUNDATION HAS AS ITS PURPOSE TO RECEIVE, MANAGE,AND DISTRIBUTE PHILANTHROPIC GIFTS THAT PROVIDE FINANCIAL ASSISTANCE IN THE PAYMENT OF TUITION FOR QUALIFIED STUDENTS ATTENDING ILLINOIS CENTRAL COLLEGE AND THE PAYMENT OF RELATED PROMOTIONAL AND ADMINISTRATIVE EXPENSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $288,411
Program Service Revenue $0
Investment Income $9,500
Other Revenue $79,324
TOTAL REVENUE $377,235

Expense Breakdown

Grants Paid $242,283
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $242,283
Other Expenses $135,097
TOTAL EXPENSES $377,380

Year-over-Year Comparison

2023 2022 Change
Revenue $377,235 $343,784 +0.1%
Expenses $377,380 $301,572 +0.3%
Net Income $-145 $42,212 -1.0%
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
16
Independent Members
16
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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES ARDIS CHAIRMAN OF THE BOARD 0.00
Officer Director
$0 $0 $0
LANE ALSTER BOARD SECRETARY 0.00
Director
$0 $0 $0
PAUL A BEIERSDORF BOARD MEMBER 0.00
Director
$0 $0 $0
NICHOLAS BAKER BOARD MEMBER 0.00
Director
$0 $0 $0
TARA GERSTNER BOARD MEMBER 0.00
Director
$0 $0 $0
MIKE GUDAT BOARD MEMBER 0.00
Director
$0 $0 $0
EVAN THOMAS BOARD MEMBER 0.00
Director
$0 $0 $0
ROB BELL BOARD PRESIDENT 0.00
Officer Director
$0 $0 $0
JIMMY DILLON BOARD VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
SHERI LAMIE BOARD MEMBER 0.00
Director
$0 $0 $0
ARNITRIA SHAW BOARD MEMBER 0.00
Director
$0 $0 $0
RHONDA MILBURN BOARD MEMBER 0.00
Director
$0 $0 $0
GLENN ROSS BOARD MEMBER 0.00
Director
$0 $0 $0
EMILY VALERIO TREASURER 0.00
Officer Director
$0 $0 $0
ANDRE ALLEN BOARD MEMBER 0.00
Director
$0 $0 $0
LAURA SUTTER BOARD MEMBER 0.00
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
2024 No data No data No data No data
2023 $377,235 $377,380 $638,892 $-145
2022 $343,784 $301,572 $555,552 $42,212
2021 $371,453 $309,198 $663,413 $62,255
2020 $369,239 $377,815 $597,268 $-8,576
2020 $426,677 $378,351 $598,268 $48,326
2019 $363,785 $448,192 $464,530 $-84,407
2018 $432,996 $422,335 $524,278 $10,661
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