NORTHEASTERN ILLINOIS UNIVERSITY F… - Form 990 Financial Data

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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

OLGA CAMARGO

Phone

7734424248

Tax Period

2024-07-01 to 2025-06-30

NORTHEASTERN ILLINOIS UNIVERSITY FOUNDATION, founded in 1969, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $1.9M left a modest 13% surplus.

Mission

THE PRIMARY FUNCTION OF THE FOUNDATION IS TO DEVELOP PRIVATE SUPPORT ON BEHALF OF THE UNIVERSITY, TO PROMOTE THE UNIVERSITY'S MISSION AND TO RECEIVE AND ADMINISTER CONTRIBUTIONS. IN THIS WAY, THE FOUNDATION PLAYS A VITAL ROLE IN ENSURING THAT THE UNIVERSITY REMAINS HIGHLY AFFORDABLE, WHILE RETAINING THE HIGHEST ACADEMIC STANDARDS. PRIVATE CONTRIBUTIONS, WHEN ADDED TO STATE RESOURCES, ADD AN EXTRA DIMENSION OF SUPPORT THAT OTHERWISE WOULD NOT BE POSSIBLE.

Program Service Accomplishments

Program 1

Expenses: $1,790,169 Revenue: $74,032

THE FOUNDATION PROVIDED THE FOLLOWING SUPPORT TO NORTHEASTERN ILLINOIS UNIVERSITY DURING THE FISCAL YEAR ENDED JUNE 30, 2025: 1) THE NEIU FOUNDATION RAISED $1,225,910 IN CONTRIBUTIONS AND GRANTS, OF WHICH$270,910 WERE RESTRICTED TO THE FOUNDATION'S ENDOWMENT TO BENEFIT FUTURE STUDENTS AND UNIVERSITY OPERATIONS, INCLUDING ACADEMIC AND CULTURAL PROGRAMS, COLLEGES, DEPARTMENTS AND OTHER UNITS; 2) THE NEIUFOUNDATION PROVIDED $1,118,786 TO THE UNIVERSITY, WHICH INCLUDED $925,984 FOR THE SUPPORT OF VARIOUS ACADEMIC, GRANT, AND INSITUTIONAL ACTIVITIES. IN ADDITION, THE FOUNDATION PROVIDED $864,185 OF SCHOLARSHIPS TO STUDENTS, SOME OF WHOM WOULD NOT OTHERWISE BE ABLE TO BENEFIT FROM THE EXCELLENT EDUCATION AVAILABLE AT NORTHEASTERN ILLINOIS UNIVERSITY. (CONTINUED ON SCHEDULE O)MOST NORTHEASTERN STUDENTS (72%) RECEIVE FINANCIAL AID OF SOME KIND, AND A CRITICAL PART OF THIS SUPPORT COMES FROM PRIVATE DONATIONS.

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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 $1,201,610

Program Service Revenue $58,973

Investment Income $963,086

Other Revenue $15,059

TOTAL REVENUE $2,238,728

Expense Breakdown

Grants Paid $864,185

Salaries & Benefits $0

Fundraising Expenses $29,069

Program Expenses $1,790,169

Other Expenses $1,074,247

TOTAL EXPENSES $1,938,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,238,728	$3,720,714	-0.4%
Expenses	$1,938,432	$2,091,357	-0.1%
Net Income	$300,296	$1,629,357	-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

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

$140,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLGA CAMARGO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAGANNATH BOBJI	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK SHINE	SECRETARY	1.00	Officer Director	$0	$0	$0
RODRIGO GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
SHARON K HAHS	DIRECTOR	1.00	Director	$0	$0	$0
MARCELLUS H MOORE JRESQ	DIRECTOR	1.00	Director	$0	$0	$0
GREGG FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET LAURINO	DIRECTOR (THRU JAN 2025)	1.00	Director	$0	$0	$0
ANGEL HERRERA JR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA MOTA	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH COLON	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN HEREDIA LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
RAUL DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
JACALYN RAMDIN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LIESL DOWNEY	EXECUTIVE DIRECTOR	20.00	Officer	$0	$22,456	$140,643

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	$2,238,728	$1,938,432	$26,473,745	$300,296
2024	$3,720,714	$2,091,357	$24,494,811	$1,629,357
2023	$2,438,965	$2,645,111	$21,842,970	$-206,146
2022	$3,684,372	$2,196,344	$20,665,349	$1,488,028
2021	$2,776,280	$1,076,448	$22,910,316	$1,699,832
2020	$2,865,650	$1,410,135	$17,227,903	$1,455,515
2019	$2,694,226	$1,805,671	$16,577,684	$888,555
2018	$3,304,971	$1,681,275	$15,391,743	$1,623,696

NORTHEASTERN ILLINOIS UNIVERSITY FOUNDATION