PRAIRIE STATE COLLEGE FOUNDATION

EIN: 363437785 501(c)(3)

CHICAGO HEIGHTS, IL

Total Revenue
$903,583
Total Expenses
$520,887
Total Assets
$3,186,130
Net Assets
$3,005,385
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
IL
Principal Officer
DEBORAH HAVIGHORST
Phone
7087093568
Tax Period
2023-10-01 to 2024-09-30

PRAIRIE STATE COLLEGE FOUNDATION, founded in 1973, is a small nonprofit that reported $904K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $383K, a strong 42% operating margin.

Mission

AS A NON PROFIT ORGANIZATION WE ARE COMMITTED TO EXCELLENCE IN EDUCATION BY PROMOTING PRAIRIE STATE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $96,191
Program Service Revenue $0
Investment Income $516,851
Other Revenue $290,541
TOTAL REVENUE $903,583

Expense Breakdown

Grants Paid $165,379
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $165,379
Other Expenses $355,508
TOTAL EXPENSES $520,887

Year-over-Year Comparison

2023 2022 Change
Revenue $903,583 $622,745 +0.5%
Expenses $520,887 $513,143 +0.0%
Net Income $382,696 $109,602 +2.5%
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
18
Independent Members
11
Employees
N/A
Volunteers
49

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
$0
Total Directors
19
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH HAVIGHORST EXECUTIVE DIRECTOR 40
Director Key Emp
$0 $0 $0
MARILYN KENT TAPAJNA BOARD MEMBER 1
Director
$0 $0 $0
SAM BALARK BOARD MEMBER 1
Director
$0 $0 $0
MARIA M DESMOND BOARD MEMBER 1
Director
$0 $0 $0
BRENT FRANK BOARD MEMBER 1
Director
$0 $0 $0
JOYCE MORGAN MICHAEL BOARD MEMBER 1
Director
$0 $0 $0
SONIA GOMEZ FOUNDATION VICE PRESIDENT 1
Officer Director
$0 $0 $0
THOMAS NICHOLAS BOARD MEMBER 1
Director
$0 $0 $0
PATRICK ORMSBY BOARD MEMBER 1
Director
$0 $0 $0
MICHAEL ANTHONY BOARD MEMBER 1
Director
$0 $0 $0
MARISELA ZAMBRANO BOARD MEMBER 1
Director
$0 $0 $0
CHIDINMA OBIALOR BOARD MEMBER 1
Director
$0 $0 $0
MARIE HANSEL FOUNDATION SECRETARY 1
Officer Director
$0 $0 $0
KYLE KASPEREK BOARD MEMBER 1
Director
$0 $0 $0
ELIGHIE WILSON III BOARD MEMBER 1
Director
$0 $0 $0
JAY READEY BOARD MEMBER 1
Director
$0 $0 $0
REBECCA NAGLE FOUNDATION PRESIDENT 1
Officer Director
$0 $0 $0
CATHY SVETANOFF FOUNDATION TREASURER 1
Officer Director
$0 $0 $0
DEREK SHOUBA DIRECTOR 1
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
2024 $903,583 $520,887 $3,186,130 $382,696
2023 $622,745 $513,143 $2,732,341 $109,602
2022 $529,362 $429,096 $2,617,670 $100,266
2021 $720,944 $436,916 $3,201,355 $284,028
2020 $564,897 $452,601 $3,005,151 $112,296
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