ILLINOIS SO FOUNDATION

EIN: 260138534 501(c)(3) Human Services

NORMAL, IL

Total Revenue
$328,089
Total Expenses
$230,929
Total Assets
$5,151,587
Net Assets
$5,127,461
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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
2008
Legal Domicile
IL
Principal Officer
STEPHEN BERGMAN
Phone
3098882551
Tax Period
2024-01-01 to 2024-12-31

ILLINOIS SO FOUNDATION, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2021. Revenue surged 616% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 98% operating margin.

Mission

THE FOUNDATION WAS SET UP TO HELP SUPPORT SPECIAL OLYMPICS OF ILLINOIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $192,105
Program Service Revenue $0
Investment Income $205,445
Other Revenue $-69,461
TOTAL REVENUE $328,089

Expense Breakdown

Grants Paid $199,097
Salaries & Benefits $0
Fundraising Expenses $1,015
Program Expenses $201,018
Other Expenses $31,832
TOTAL EXPENSES $230,929

Year-over-Year Comparison

2024 2023 Change
Revenue $328,089 $324,508 +0.0%
Expenses $230,929 $39,838 +4.8%
Net Income $97,160 $284,670 -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

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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
37

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
5
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETE BEALE-DELVECCHIO PRESIDENT & CEO, SOILL 0.50
Officer Director
$0 $0 $0
STEPHEN BERGMAN CHAIR 0.50
Officer Director
$0 $0 $0
JOE NAGLE VICE CHAIR 0.50
Officer Director
$0 $0 $0
LOUIS MAROSI TREASURER 0.50
Officer Director
$0 $0 $0
ED RAFFERTY SECRETARY 0.50
Officer Director
$0 $0 $0
HUB ARKUSH BOARD MEMBER 0.50
Director
$0 $0 $0
MAC BHAMBRA BOARD MEMBER 0.50
Director
$0 $0 $0
BRIAN CARLSON BOARD MEMBER 0.50
Director
$0 $0 $0
JOE DAVIES BOARD MEMBER 0.50
Director
$0 $0 $0
BOB DIMEO BOARD MEMBER 0.50
Director
$0 $0 $0
CHRISTINE DUFFY BOARD MEMBER 0.50
Director
$0 $0 $0
MARY ANNE EHLERT BOARD MEMBER 0.50
Director
$0 $0 $0
DON GEREAU BOARD MEMBER 0.50
Director
$0 $0 $0
M JULIE GUSTAFSON BOARD MEMBER 0.50
Director
$0 $0 $0
BROOK KLAWITTER BOARD MEMBER 0.50
Director
$0 $0 $0
DAN LANGE BOARD MEMBER 0.50
Director
$0 $0 $0
JEFF MCCLUSKY BOARD MEMBER 0.50
Director
$0 $0 $0
KAYLEE MCLAUGHLIN ATHLETE LEADER/BOARD MEMBER 0.50
Director
$0 $0 $0
RICH PERNA BOARD MEMBER 0.50
Director
$0 $0 $0
KATHLEEN RAFFERTY BOARD MEMBER 0.50
Director
$0 $0 $0
BRIAN SCHELL BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES SCHMADEKE BOARD MEMBER 0.50
Director
$0 $0 $0
KATHY SCHNIEDWIND SOILL BOARD CHAIR 0.50
Director
$0 $0 $0
DAVID SHANE SOILL BOARD CHAIR 0.50
Director
$0 $0 $0
BOB STRANDT SOILL BOARD CHAIR 0.50
Director
$0 $0 $0
TOM THOMPSON SOILL BOARD CHAIR 0.50
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
2024 $328,089 $230,929 $5,151,587 $97,160
2023 $324,508 $39,838 $4,643,345 $284,670
2022 $1,210,156 $45,473 $3,902,151 $1,164,683
2021 $1,222,417 $26,482 $3,318,070 $1,195,935
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