ILLINOIS RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION INC (EIN 363271510) - 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

1993

Legal Domicile

Principal Officer

DOUG BRADLEY

Phone

3127874000

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION INC, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $517K in total revenue in fiscal year 2024. Expenses of $445K left a modest 14% surplus.

Mission

TO BUILD THE FUTURE HOSPITALITY INDUSTRY THROUGH CAREER EXPLORATION, WORK FORCE DEVELOPMENT AND SCHOLARSHIPS.

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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 $286,137

Program Service Revenue $67,165

Investment Income $41,890

Other Revenue $122,237

TOTAL REVENUE $517,429

Expense Breakdown

Grants Paid $122,100

Salaries & Benefits $211,223

Fundraising Expenses $4,856

Program Expenses $357,470

Other Expenses $111,402

TOTAL EXPENSES $444,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$517,429	$487,658	+0.1%
Expenses	$444,725	$421,927	+0.1%
Net Income	$72,704	$65,731	+0.1%

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

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

$616,201

Total Directors

$489,286

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCHELLE TROTTER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ADAM BARRONS	1ST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SAM TOIA	2ND VICE CHAIRMAN	1.00	Officer Director	$0	$20,836	$489,286
JULI O'FLAHERTY	CORPORATE SECRETARY	1.00	Officer Director	$0	$0	$0
WAYNE HILSTON	TREASURER	1.00	Officer Director	$0	$0	$0
BRYCE BURTON	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
BRAD VANCIL	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
DEVEN RAND	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
DALEESIA UNDERWOOD	TRUSTEE	1.00	Director	$0	$0	$0
DARWIN CLAUDE	TRUSTEE	1.00	Director	$0	$0	$0
VIVIANA RADENBAUGH	TRUSTEE	1.00	Director	$0	$0	$0
RAYVA MILES	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY TERLATO JR	TRUSTEE	1.00	Director	$0	$0	$0
TYLER BRUESEWITZ	TRUSTEE	1.00	Director	$0	$0	$0
MIKE COKER	TRUSTEE	1.00	Director	$0	$0	$0
JOEL REYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
PATTI GREEN	TRUSTEE	1.00	Director	$0	$0	$0
LEIGH UHLIR	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SCHNEIDER	TRUSTEE	1.00	Director	$0	$0	$0
DOUG BRADLEY	TRUSTEE	1.00	Director	$0	$0	$0
BRYON WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN THANAS	TRUSTEE	1.00	Director	$0	$0	$0
DAN RASKIN	TRUSTEE	1.00	Director	$0	$0	$0
RENEE SYKES	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA LAMERS BLOMQUIST	EXECUTIVE DIRECTOR	40.00	Officer	$0	$3,843	$126,915

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	$517,429	$444,725	$1,554,025	$72,704
2023	$487,658	$421,927	$1,439,237	$65,731
2022	$451,897	$398,872	$1,303,289	$53,025
2021	$610,840	$473,788	$1,348,179	$137,052
2020	$846,048	$718,187	$1,159,289	$127,861
2019	$439,920	$478,579	$1,113,128	$-38,659
2018	$439,435	$452,431	$1,005,056	$-12,996

ILLINOIS RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION INC