Illinois Art Education Association

EIN: 362896999 501(c)(3) Education

Prospect Heights, IL

Total Revenue
$163,992
Total Expenses
$247,633
Total Assets
$217,063
Net Assets
$217,063
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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
1985
Legal Domicile
IL
Principal Officer
Eryn Blazer
Phone
3128350665
Tax Period
2025-01-01 to 2025-12-31

Illinois Art Education Association, founded in 1985, is a small nonprofit in the Education sector that reported $164K in total revenue in fiscal year 2025. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $248K exceeded revenue, resulting in a 51% operating deficit.

Mission

To Improve and Advance Art Education

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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 (2025)

Revenue Breakdown

Contributions & Grants $27,338
Program Service Revenue $136,638
Investment Income $16
Other Revenue $0
TOTAL REVENUE $163,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $210,091
Other Expenses $247,633
TOTAL EXPENSES $247,633

Year-over-Year Comparison

2025 2024 Change
Revenue $163,992 $222,725 -0.3%
Expenses $247,633 $128,377 +0.9%
Net Income $-83,641 $94,348 -1.9%
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

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Governance

Voting Members
50
Independent Members
50
Employees
N/A
Volunteers
50

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
4
$4,000
Total Directors
11
$16,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nick Hostert Grant Writer 5.00
Director
$6,000 $0 $6,000
Joanna Angelopoulos Business Manager 5.00
Officer
$4,000 $0 $4,000
Luke Jenner Website Electronic Editor 5.00
Director
$2,500 $0 $2,500
Jennifer Fitzpatrick Membership 5.00
Director
$2,000 $0 $2,000
Sherri Kushner Conference Coordinator 5.00
Director
$1,500 $0 $1,500
Sarah Felgenhaur Conference Coordinator 5.00
Director
$1,500 $0 $1,500
Britney Machetta Webinars 5.00
Director
$1,500 $0 $1,500
Tim Jones Conference Proposals 5.00
Director
$1,000 $0 $1,000
Michael Skura Advocacy Advisor 2.00
Director
$0 $0 $0
Deborah Filbin Secretary 5.00
Director
$0 $0 $0
Ailysh Cooper Youth Art Month Coordinator 5.00
Director
$0 $0 $0
Joan Mills Professional Development 5.00
Director
$0 $0 $0
Eryn Blazer Vice President 5.00
Officer
$0 $0 $0
Kerry Parrish President 5.00
Officer
$0 $0 $0
Karen Popovich Past President 10.00
Officer
$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 $163,992 $247,633 $217,063 $-83,641
2024 $222,725 $128,377 $300,704 $94,348
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