ILLINOIS READING COUNCIL INC (EIN 237026824) - 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

1969

Legal Domicile

Principal Officer

CARRIE SHERIDAN

Phone

3094541341

Tax Period

2024-07-01 to 2025-06-30

ILLINOIS READING COUNCIL INC, founded in 1969, is a small nonprofit in the Education sector that reported $471K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $79K, a strong 17% operating margin.

Mission

PROVIDE SUPPORT AND LEADERSHIP TO EDUCATORS AS THEY PROMOTE AND TEACH LIFELONG LITERACY.

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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 $63,550

Program Service Revenue $355,782

Investment Income $30,011

Other Revenue $22,025

TOTAL REVENUE $471,368

Expense Breakdown

Grants Paid $16,627

Salaries & Benefits $104,005

Fundraising Expenses $0

Program Expenses $342,343

Other Expenses $271,457

TOTAL EXPENSES $392,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$471,368	$513,434	-0.1%
Expenses	$392,089	$380,467	+0.0%
Net Income	$79,279	$132,967	-0.4%

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

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

$82,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA WILKIE	TREASURER	0.00	Director	$0	$0	$0
CINDI KOUDELKA	PRESIDENT	0.00	Director	$0	$0	$0
MELISSA STINNETT	PAST PRESIDENT	0.00	Director	$0	$0	$0
DONNA HERMAN	MEMBERSHIP DIRE	0.00	Director	$0	$0	$0
MELISSA WHEELER	SECRETARY	0.00	Director	$0	$0	$0
DEB AUGSBURGER	PRESIDENT- ELECT	0.00	Director	$0	$0	$0
JENNIFER YOUNG	VICE PRESIDENT	0.00	Director	$0	$0	$0
AMY DAVIS	ILA STATE COORDINATOR	0.00	Director	$0	$0	$0
CARRIE SHERIDAN	EXECUTIVE DIR.	40.00	Officer	$82,000	$0	$82,000

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	$471,368	$392,089	$574,354	$79,279
2024	$513,434	$380,467	$497,452	$132,967
2023	$444,145	$342,653	$364,530	$101,492
2022	$230,435	$376,717	$263,482	$-146,282
2021	$216,701	$230,192	$410,124	$-13,491
2020	$467,394	$533,709	$423,760	$-66,315
2019	$507,529	$592,392	$489,895	$-84,863
2018	$555,661	$632,212	$574,213	$-76,551

ILLINOIS READING COUNCIL INC