ILLINOIS INSTITUTE OF INDEPENDENT COLLEGES AND UNIVERSITIES (EIN 200174619) - 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

MABLENE KRUEGER

Phone

2175228655

Tax Period

2020-01-01 to 2020-12-31

ILLINOIS INSTITUTE OF INDEPENDENT COLLEGES AND UNIVERSITIES, founded in 2003, is a micro nonprofit in the Education sector that reported $8 in total revenue in fiscal year 2020. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $993 exceeded revenue, resulting in a 12312% operating deficit.

Mission

THE PURPOSE OF THE INSTITUTE IS TO BE ONE OF THE PRIMARY KNOWLEDGEABLE, AUTHORITATIVE AND RESPONSIBLE AGENCIES IN THE STATE OF ILLINOIS IN MATTERS CONCERNING POST-SECONDARY EDUCATIONAL GOALS AND NEEDS, PARTICULARLY AS THESE ARE SERVED BY THE PRIVATE (NON-PUBLIC, INDEPENDENT) TWO-YEAR AND FOUR-YEAR INSTITUTIONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $8

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $993

Other Expenses $993

TOTAL EXPENSES $993

Year-over-Year Comparison

	2020	2019	Change
Revenue	$8	$19	-0.6%
Expenses	$993	$4,220	-0.8%
Net Income	$-985	$-4,201	-0.8%

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
DONNA CARROLL	DIRECTOR	N/A	Director	$0	$0	$0
BARBARA FARLEY	DIRECTOR	N/A	Director	$0	$0	$0
PHIL HALE	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE LAYTON	DIRECTOR	N/A	Director	$0	$0	$0
NIVINE MEGAHED	DIRECTOR	N/A	Director	$0	$0	$0
VICKIE MOSELEY	DIRECTOR	N/A	Director	$0	$0	$0
DAVID TRETTER	DIRECTOR	N/A	Director	$0	$0	$0
RAYMOND E CROSSMAN	SECRETARY/TR	N/A	Officer	$0	$0	$0
DONALD E FOUTS	PRESIDENT	N/A	Officer	$0	$0	$0
MABLENE KRUEGER	CHAIRMAN	N/A	Officer	$0	$0	$0
THERESA SCANLON	VICE-CHAIRMA	N/A	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
2020	$8	$993	$6,543	$-985
2019	$19	$4,220	$7,528	$-4,201
2018	$51,074	$52,953	$11,729	$-1,879

ILLINOIS INSTITUTE OF INDEPENDENT COLLEGES AND UNIVERSITIES