BLOOMINGTON PUBLIC SCHOOLS DISTRIC… - 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

2007

Legal Domicile

Principal Officer

MICHAEL CORNALE

Phone

3098276031

Tax Period

2023-01-01 to 2023-12-31

BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC, founded in 2007, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 37% operating margin.

Mission

TO MAKE SCHOLARSHIP DISTRIBUTIONS FOR THE BENEFIT OF THE BLOOMINGTON PUBLIC SCHOOLS DISRICT 87 AND ITS STUDENTS IN MCLEAN COUNTY, ILLINOIS

Program Service Accomplishments

Program 1

Expenses: $59,248 Revenue: $0

SCHOLARSHIPS TO SENIORS GRADUATING FROM BLOOMINGTON PUBLIC SCHOOL DISTRICT 87

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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 (2023)

Revenue Breakdown

Contributions & Grants $29,837

Program Service Revenue $0

Investment Income $64,120

Other Revenue $0

TOTAL REVENUE $93,957

Expense Breakdown

Grants Paid $47,079

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,248

Other Expenses $12,169

TOTAL EXPENSES $59,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,957	$369,537	-0.7%
Expenses	$59,248	$71,435	-0.2%
Net Income	$34,709	$298,102	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Reportable Comp	Other Comp	Total
CATHY LUST	BOARD MEMBER	1.00	$0	$0	$0
ELIZABETH FOX ANVICK	PRESIDENT	1.00	$0	$0	$0
BRIGETTE GIBSON	BOARD MEMBER	1.00	$0	$0	$0
VELEDA HARVEY	BOARD MEMBER	1.00	$0	$0	$0
CHARLES IRWIN	VICE PRESIDENT	1.00	$0	$0	$0
COURTNEY TURNBULL	BOARD MEMBER	1.00	$0	$0	$0
MARK WYLIE	BOARD MEMBER	1.00	$0	$0	$0
MICHAEL	ADMINISTRATOR	1.00	$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	No data	No data	No data	No data
2023	$93,957	$59,248	$2,454,022	$34,709
2022	$369,537	$71,435	$2,154,628	$298,102
2021	$201,555	$66,149	$2,257,768	$135,406
2020	$88,097	$29,419	$1,991,482	$58,678
2019	$100,104	$33,913	$1,687,990	$66,191
2018	$73,518	$27,968	$1,425,246	$45,550

BLOOMINGTON PUBLIC SCHOOLS DISTRICT 87 FOUNDATION INC