NISRA FOUNDATION

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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

1990

Legal Domicile

Principal Officer

JIM WISEMAN

Phone

8154590737

Tax Period

2024-05-01 to 2025-04-30

NISRA FOUNDATION, founded in 1990, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $246K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDATION IS A NONPROFIT ORGANIZATION PROVIDING FUNDING TO THE NORTHERN ILLINOIS SPECIAL RECREATION ASSOCIATION (NISRA). THE FOUNDATION SPONSORS RECREATIONNAL PROGRAMS IN ILLINOIS TO RAISE FUNDS FOR NISRA.

Program Service Accomplishments

Program 1

Expenses: $242,280

PROVIDE FUNDING TO THE NORTHERN ILLINOIS SPECIAL RECREATION ASSOCIATION.

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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 $107,126

Program Service Revenue $0

Investment Income $1,186

Other Revenue $137,542

TOTAL REVENUE $245,854

Expense Breakdown

Grants Paid $242,280

Salaries & Benefits $0

Fundraising Expenses $6,500

Program Expenses $242,280

Other Expenses $13,647

TOTAL EXPENSES $255,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,854	$332,599	-0.3%
Expenses	$255,927	$327,793	-0.2%
Net Income	$-10,073	$4,806	-3.1%

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

148

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
JULIE AMENDT	TREASURER	N/A	Officer Director	$0	$0	$0
ANNETTE HAMMORTREE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHERYL HAYES	MEMBER	N/A	Director	$0	$0	$0
PAT KALLAUS	PRESIDENT	N/A	Officer Director	$0	$0	$0
REGGIE LAYOFF	MEMBER	N/A	Director	$0	$0	$0
JESSICA LOUSTAUNAU	MEMBER	N/A	Director	$0	$0	$0
RANDY SPLITT	MEMBER	N/A	Director	$0	$0	$0
JIM WISEMAN	SECRETARY	N/A	Officer 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	$245,854	$255,927	$96,128	$-10,073
2024	$332,599	$327,793	$106,292	$4,806
2023	$253,306	$250,136	$98,369	$3,170
2022	$179,680	$168,502	$92,689	$11,178
2021	$140,025	$155,025	$81,743	$-15,000
2020	$190,034	$225,734	$95,798	$-35,700
2019	$238,185	$240,423	$131,498	$-2,238