KANELAND FOUNDATION (EIN 363531954) - 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

1987

Legal Domicile

Principal Officer

Jackie Bogan

Phone

6303654125

Tax Period

2023-07-01 to 2024-06-30

KANELAND FOUNDATION, founded in 1987, is a micro nonprofit that reported $78K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $191K exceeded revenue, resulting in a 146% operating deficit.

Mission

To assist in the maintenance & development of the facilities and services of the Kaneland CUSD 302 for broader educational opportunities and services to its' students, staff, faculty, alumni and community. To award scholarships and grants to the students, faculty and staff of all Kaneland CUSD 302.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,791

Program Service Revenue $10,939

Investment Income $6,847

Other Revenue $48,365

TOTAL REVENUE $77,942

Expense Breakdown

Grants Paid $16,972

Salaries & Benefits $132,407

Fundraising Expenses $6,728

Program Expenses $34,831

Other Expenses $42,009

TOTAL EXPENSES $191,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,942	$116,056	-0.3%
Expenses	$191,388	$173,409	+0.1%
Net Income	$-113,446	$-57,353	+1.0%

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

$132,407

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rebecca Greenlee	Executive Director	40	Key Emp Highest	$132,407	$0	$132,407
Stacey Puett	Director	1	Director	$0	$0	$0
Michele Simms	Director	10	Director	$0	$0	$0
Katie Wood	Director	1	Director	$0	$0	$0
Vanessa Wiskerchen	Director	1	Director	$0	$0	$0
Todd Leden	Ex Officio	1	Director	$0	$0	$0
Judy Van Bogaert	Secretary	2	Officer	$0	$0	$0
Jackie Bogan	Treasurer	1	Officer	$0	$0	$0
Stephanie Butler	President	1	Officer	$0	$0	$0
Jamie Faiza	Vice President	1	Officer	$0	$0	$0
Grant Mackall	Secretary	1		$0	$0	$0
Julie-Ann Fuchs	Treasurer	1		$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	No data	No data	No data	No data
2024	$77,942	$191,388	$111,556	$-113,446
2023	$116,056	$173,409	$225,002	$-57,353
2022	$45,541	$138,349	$282,355	$-92,808
2021	$100,554	$87,875	$375,163	$12,679

KANELAND FOUNDATION