ILLINOIS HEAD START ASSOCIATION (EIN 363160500) - 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

1978

Legal Domicile

Principal Officer

LAURI MORRISON-FRICHTL

Phone

2172413511

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS HEAD START ASSOCIATION, founded in 1978, is a small nonprofit in the Education sector that reported $831K in total revenue in fiscal year 2018. Expenses of $950K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROMOTING DEVELOPMENT OF CHILDREN, EMPOWERING FAMILIES, AND STRENGTHENING COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $437,062

Program Service Revenue $701,458

Investment Income $18,204

Other Revenue $999

TOTAL REVENUE $1,157,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,610

Fundraising Expenses $0

Program Expenses $1,009,016

Other Expenses $852,591

TOTAL EXPENSES $1,117,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,157,723	$1,089,355	+0.1%
Expenses	$1,117,201	$1,113,334	+0.0%
Net Income	$40,522	$-23,979	-2.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$121,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENE HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
LEA MAUE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE WOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN BUSHUR	DIRECTOR	1.00	Director	$0	$0	$0
VENETA WADLOW	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MYKELA COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
SUE DIERKS	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL DESPAIN	DIRECTOR	1.00	Director	$0	$0	$0
TAMEKIA HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
MERCEDES HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE NINCIC	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
ANITA ANDREWS-HUTCHINSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISDEN MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
TALEIGH SCHOENBORN	DIRECTOR	1.00	Director	$0	$0	$0
TUSSANEE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ROSIE ZBARACKI	DIRECTOR	1.00	Director	$0	$0	$0
LAURI MORRISON-FRICHTL	EXECUTIVE DIRECTOR	40.00	Officer	$121,015	$0	$121,015

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	$1,157,723	$1,117,201	$1,018,525	$40,522
2023	$1,089,355	$1,113,334	$786,570	$-23,979
2022	$1,349,688	$1,320,870	$1,016,848	$28,818
2021	$754,710	$805,099	$822,803	$-50,389
2020	$1,027,554	$961,140	$951,526	$66,414
2019	$914,261	$1,044,910	$772,333	$-130,649
2018	$831,009	$949,740	$894,443	$-118,731

ILLINOIS HEAD START ASSOCIATION