IMSA FUND FOR ADVANCEMENT OF EDUCATION (EIN 363422778) - 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

1986

Legal Domicile

Principal Officer

KIMBERLY SIMON

Phone

6309075681

Tax Period

2024-07-01 to 2025-06-30

IMSA FUND FOR ADVANCEMENT OF EDUCATION, founded in 1986, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 73% operating margin.

Mission

TO FURTHER EDUCATION THROUGH SUPPORT OF PROGRAMS OF THE ILLINOIS MATHEMATICS AND SCIENCE ACADEMY.

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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 $2,057,550

Program Service Revenue $0

Investment Income $609,661

Other Revenue $0

TOTAL REVENUE $2,667,211

Expense Breakdown

Grants Paid $521,728

Salaries & Benefits $0

Fundraising Expenses $28,814

Program Expenses $596,612

Other Expenses $208,008

TOTAL EXPENSES $729,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,667,211	$6,264,097	-0.6%
Expenses	$729,736	$624,819	+0.2%
Net Income	$1,937,475	$5,639,278	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB PLUMMER	PRESIDENT (THRU 4/28/25)	1.00	Officer Director	$0	$0	$0
KIMBERLY SIMON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT MADDOX	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN BROOKINS	SECRETARY (THRU 4/28/25)	1.00	Officer Director	$0	$0	$0
DAN MUETH	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL FOUNTAIN	DIRECTOR	1.00	Director	$0	$0	$0
HECTOR CORREA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD TUNG	DIRECTOR	1.00	Director	$0	$0	$0
SAM YAGAN	DIRECTOR	1.00	Director	$0	$0	$0
SHARON ZENG	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	$2,667,211	$729,736	$21,884,714	$1,937,475
2024	$6,264,097	$624,819	$18,618,033	$5,639,278
2023	$1,171,905	$752,098	$12,082,978	$419,807
2022	$1,161,298	$662,197	$10,937,420	$499,101
2021	$1,275,055	$653,292	$12,564,523	$621,763
2020	$1,999,548	$882,818	$10,006,134	$1,116,730
2019	$1,989,442	$1,950,242	$8,801,523	$39,200
2018	$1,203,970	$2,229,335	$8,600,102	$-1,025,365

IMSA FUND FOR ADVANCEMENT OF EDUCATION