ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION (EIN 237289227) - 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

1970

Legal Domicile

Principal Officer

CATHY MADAUS

Phone

2175292600

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION, founded in 1970, is a small nonprofit in the Education sector that reported $160K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 39% operating margin.

Mission

PROVIDE CONTINUING EDUCATION AND TRAINING TO REAL ESTATE PROFESSIONALS AND GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING AN EDUCATION OR CAREER IN REAL ESTATE.

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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 $79,289

Program Service Revenue $0

Investment Income $67,243

Other Revenue $13,937

TOTAL REVENUE $160,469

Expense Breakdown

Grants Paid $36,914

Salaries & Benefits $10,000

Fundraising Expenses $4,000

Program Expenses $76,182

Other Expenses $50,890

TOTAL EXPENSES $97,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,469	$113,195	+0.4%
Expenses	$97,804	$76,621	+0.3%
Net Income	$62,665	$36,574	+0.7%

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

$339,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON SHAFFER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES SIM	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDREA GREENWALT	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HEILMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER TENGGREN	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIC CAMPO	DIRECTOR	1.00	Director	$0	$0	$0
GINGER SREENAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNI ROW	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
KIM MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIE TINDALL	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
MARK MASSEY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW PERSICKETTI	DIRECTOR	1.00	Director	$0	$0	$0
MEENU BHASKAR	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WARE	DIRECTOR	1.00	Director	$0	$0	$0
TERESA CAMARATO	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY RYAN	DIRECTOR	1.00	Director	$0	$0	$0
CATHY MADAUS	TREASURER	1.00	Officer	$0	$22,200	$214,861
LAURIE CLAYTON	FOUNDATION MANAGER	23.00	Officer	$0	$28,205	$124,739

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
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