ILLINOIS HOSPITAL RESEARCH & EDUCATIONAL FOUNDATION (EIN 237421930) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

ARTHUR J WILHELMI

Phone

6302765400

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS HOSPITAL RESEARCH & EDUCATIONAL FOUNDATION, founded in 1974, is a micro nonprofit in the Health Care sector that reported $45K in total revenue in fiscal year 2024. The organization ran a surplus of $36K, a strong 81% operating margin.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES AND GRANTS DESIGNED TO FOSTER AND ENCOURAGE THE PROVISION OF THE HIGHEST STANDARD OF PATIENT CARE BY HOSPITALS IN ILLINOIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,925

Investment Income $41,688

Other Revenue $0

TOTAL REVENUE $44,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,322

Other Expenses $8,381

TOTAL EXPENSES $8,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,613	$46,611	0.0%
Expenses	$8,381	$10,599	-0.2%
Net Income	$36,232	$36,012	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$2,885,801

Total Directors

$2,567,516

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR J WILHELMI	CHAIRMAN/PRESIDENT	1.00	Officer Director	$0	$268,550	$1,617,058
TERRI L ALLEN	TREASURER/DIRECTOR	1.00	Officer Director	$0	$46,801	$451,753
KAREN HARRIS	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$45,228	$498,705
JEAN KIRKEL	ASSISTANT TREASURER	1.00	Officer	$0	$38,776	$318,285
JOHN BOMHER	FORMER DIRECTOR	0.00		$0	$42,899	$364,100

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	$44,613	$8,381	$893,396	$36,232
2023	$46,611	$10,599	$856,852	$36,012
2022	$26,103	$29,429	$822,640	$-3,326
2021	$7,383	$26,740	$817,461	$-19,357
2020	$28,389	$40,161	$836,813	$-11,772
2019	$46,252	$38,949	$2,857,465	$7,303
2018	$18,682,647	$18,673,389	$2,637,771	$9,258

ILLINOIS HOSPITAL RESEARCH & EDUCATIONAL FOUNDATION