THE AURORA CATHOLIC EDUCATION FOUNDATION

EIN: 237288039 501(c)(3) Religion

AURORA, IL

Total Revenue
$-51,806
Total Expenses
$118,620
Total Assets
$571,764
Net Assets
$571,764
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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
1972
Legal Domicile
IL
Principal Officer
JOHN BONK
Phone
6308982998
Tax Period
2023-06-01 to 2024-05-31

THE AURORA CATHOLIC EDUCATION FOUNDATION, founded in 1972, is a micro nonprofit in the Religion sector that reported $43K in total revenue in fiscal year 2018. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $127K exceeded revenue, resulting in a 198% operating deficit.

Mission

To furnish financial support for Catholic education provided by parishes, high schools, grade schools and other programs in the greater Aurora, Illinois area.

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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 $60,286
Program Service Revenue $0
Investment Income $-112,092
Other Revenue $0
TOTAL REVENUE $-51,806

Expense Breakdown

Grants Paid $105,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,000
Other Expenses $13,620
TOTAL EXPENSES $118,620

Year-over-Year Comparison

2023 2022 Change
Revenue $-51,806 $-154,841 -0.7%
Expenses $118,620 $107,039 +0.1%
Net Income $-170,426 $-261,880 -0.3%
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
11
Independent Members
11
Employees
N/A
Volunteers
10

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID VERDEYEN Director 2.00
Director
$0 $0 $0
Rev Patrick Gillmeyer Director 1.00
Director
$0 $0 $0
REV GODWIN ASUQUO Director 1.00
Director
$0 $0 $0
ALAN SCHULER Treasurer 2.00
Officer Director
$0 $0 $0
TERESA DROESKE Director 1.00
Director
$0 $0 $0
PETER HETTINGER Vice President 1.00
Officer Director
$0 $0 $0
TONYA FORBES Director 1.00
Director
$0 $0 $0
Betty Chandler Secretary 1.00
Officer Director
$0 $0 $0
LISA ROSCOE Director 1.00
Director
$0 $0 $0
JOHN BONK President 2.00
Officer Director
$0 $0 $0
Fr Matthew McMorrow Director 1.00
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
2025 No data No data No data No data
2024 $-51,806 $118,620 $571,764 $-170,426
2023 $-154,841 $107,039 $528,504 $-261,880
2022 $-37,347 $135,677 $677,962 $-173,024
2021 $213,051 $124,362 $1,003,173 $88,689
2020 $10,724 $129,255 $830,824 $-118,531
2019 $42,775 $127,299 $904,002 $-84,524
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