ILLINOIS REAL ESTATE EDUCATIONAL 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

1970

Legal Domicile

Principal Officer

CATHY MADAUS

Phone

2175292600

Tax Period

2025-01-01 to 2025-12-31

ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION, founded in 1970, is a small nonprofit in the Education sector that reported $249K in total revenue in fiscal year 2025. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 45% operating margin.

Mission

PROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $115,433

SCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE.

Program 2

BROKER CONTINUING EDUCATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $164,973

Program Service Revenue $0

Investment Income $71,940

Other Revenue $11,688

TOTAL REVENUE $248,601

Expense Breakdown

Grants Paid $60,056

Salaries & Benefits $10,000

Fundraising Expenses $4,000

Program Expenses $115,433

Other Expenses $66,383

TOTAL EXPENSES $136,439

Year-over-Year Comparison

	2025	2024	Change
Revenue	$248,601	$160,469	+0.5%
Expenses	$136,439	$97,804	+0.4%
Net Income	$112,162	$62,665	+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

$354,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SIM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SARAH WARE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAULA ARPASI	DIRECTOR	1.00	Director	$0	$0	$0
TERESA CAMARATO	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIC CAMPO	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN FORGETTE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA GREENWALT	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HEILMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEAN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
MARK MASSEY	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
TRACY PATKUNAS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW PERSICKETTI	DIRECTOR	1.00	Director	$0	$0	$0
JOEL RAYNES	DIRECTOR	1.00	Director	$0	$0	$0
KAREN ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY RYAN	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON SHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIE TINDALL	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIA WESSELINK	DIRECTOR	1.00	Director	$0	$0	$0
CATHY MADAUS	TREASURER	1.00	Officer	$0	$23,400	$224,812
LAURIE CLAYTON	FOUNDATION MANAGER	23.00	Officer	$0	$28,595	$130,167

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	$248,601	$136,439	$2,196,777	$112,162
2024	$160,469	$97,804	$2,004,965	$62,665
2023	$113,195	$76,621	$1,960,692	$36,574
2022	$250,026	$82,356	$1,799,026	$167,670
2021	$164,822	$101,728	$1,718,406	$63,094
2020	$208,797	$118,743	$1,702,419	$90,054
2019	$240,553	$111,100	$1,601,391	$129,453
2018	$335,302	$364,553	$1,428,666	$-29,251

ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION