ILLINOIS SCIENCE AND TECHNOLOGY CO… - 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

2008

Legal Domicile

Principal Officer

Bill Payne

Phone

3122390324

Tax Period

2022-07-01 to 2023-06-30

ILLINOIS SCIENCE AND TECHNOLOGY COALITION, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $451K in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum.

Mission

TO ENHANCE AWARENESS AND INCREASE RESOURCES FOR ILLINOIS BASED RESEARCH AND DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $301,500 Revenue: $292,364

RESEARCH AND DEVELOPMENT OUTREACH ADVOCACY AND STRATEGIC PLANNING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $149,372

Program Service Revenue $292,364

Investment Income $9,460

Other Revenue $0

TOTAL REVENUE $451,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,688

Fundraising Expenses $0

Program Expenses $301,500

Other Expenses $168,353

TOTAL EXPENSES $447,041

Year-over-Year Comparison

	2022	2021	Change
Revenue	$451,196	$281,070	+0.6%
Expenses	$447,041	$325,932	+0.4%
Net Income	$4,155	$-44,862	-1.1%

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

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	Role	Reportable Comp	Other Comp	Total
Bill Payne	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
Laura Frerichs	Director	1.00	Director	$0	$0	$0
TJ Augustine	Director	1.00	Director	$0	$0	$0
Jim Bray	Director	1.00	Director	$0	$0	$0
Dr Yvonne Harris	Director	1.00	Director	$0	$0	$0
Rob Patino	Director	1.00	Director	$0	$0	$0
Jess Goode	Director	1.00	Director	$0	$0	$0
Jose Leboreiro Hernandez	Director	1.00	Director	$0	$0	$0
Kumar Natesaiyer	Director	1.00	Director	$0	$0	$0
Bob Greenlee	Director	1.00	Director	$0	$0	$0
Holly Copeland	Director	1.00	Director	$0	$0	$0
Larry Kuhn	Director	1.00	Director	$0	$0	$0
Tope Sadiku	Secretary	1.00	Director	$0	$0	$0
Nicole Presperin	Director	1.00	Director	$0	$0	$0
Vivek Mehta	Director	1.00	Director	$0	$0	$0
Somali Tomczak	Director	1.00	Director	$0	$0	$0
Azurii Collier	Director	1.00	Director	$0	$0	$0
Colleen Wright	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	No data	No data	No data	No data
2023	$451,196	$447,041	$578,853	$4,155
2023	No data	No data	No data	No data
2022	$281,070	$325,932	$619,322	$-44,862
2022	$282,297	$325,933	$628,074	$-43,636
2021	$433,986	$309,812	$752,588	$124,174
2020	$194,804	$265,072	$630,316	$-70,268
2019	$178,599	$368,807	$742,848	$-190,208
2018	$895,496	$506,901	$893,293	$388,595

ILLINOIS SCIENCE AND TECHNOLOGY COALITION