EDUCATION FOUNDATION OF DOWNERS GROVE DISTRICT 58 (EIN 300101074) - 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

2002

Legal Domicile

Principal Officer

JANET ALIKPALA

Phone

6308548837

Tax Period

2023-07-01 to 2024-06-30

EDUCATION FOUNDATION OF DOWNERS GROVE DISTRICT 58, founded in 2002, is a small nonprofit in the Education sector that reported $382K in total revenue in fiscal year 2021. Revenue surged 718% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 20% operating margin.

Mission

TO RECEIVE AND DISBURSE FUNDS, PROPERTY AND GIFTS OF ANY KIND, EXCLUSIVELY FOR THE BENEFIT OF STUDENTS ATTENDING PUBLIC SCHOOLS WITHIN DISTRICT 58, DOWNERS GROVE, 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $205,270

Program Service Revenue $0

Investment Income $0

Other Revenue $-137,304

TOTAL REVENUE $67,966

Expense Breakdown

Grants Paid $45,390

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,840

Other Expenses $21,517

TOTAL EXPENSES $66,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,966	$187,958	-0.6%
Expenses	$66,907	$21,673	+2.1%
Net Income	$1,059	$166,285	-1.0%

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

100

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	Role	Reportable Comp	Other Comp	Total
JANET ALIKPALA	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID OLSEN	TREASURER/SE	3.00	Officer Director	$0	$0	$0
KAROLINE KELLAM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MIA CHURMA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ELENA FALCO	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HAYES	DIRECTOR	1.00	Director	$0	$0	$0
TROY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KRAJEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MACCHIA	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH O'TOOLE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE HEALY	DIRECTOR	1.00	Director	$0	$0	$0
DREW NASTAL	DIRECTOR	1.00	Director	$0	$0	$0
BECKY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TOTH	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$67,966	$66,907	$297,737	$1,059
2023	$187,958	$21,673	$296,678	$166,285
2022	$382,254	$306,358	$130,393	$75,896

EDUCATION FOUNDATION OF DOWNERS GROVE DISTRICT 58