FORRESTVILLE VALLEY SCHOOL FOUNDATION

EIN: 363786734 501(c)(3)

FORRESTON, IL

Total Revenue
$63,194
Total Expenses
$67,040
Total Assets
$704,995
Net Assets
$704,995
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IL
Principal Officer
BARBARA WELLS
Phone
8159382036
Tax Period
2023-07-01 to 2024-06-30

FORRESTVILLE VALLEY SCHOOL FOUNDATION, founded in 1991, is a micro nonprofit that reported $63K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $705K represent 134 months of operating reserves.

Mission

TO SUPPLEMENT EDUCATIONAL, EXTRA- CURRICULAR AND INTERSCHOLASTIC PROGRAMS OF THE FORRESTVILL VALLEY COMMUNITY UNIT SCHOOL DISTRICT AND TO STRENGTHEN THE RELATIONSHIP BETWEEN THE PUBLIC SCHOOLS AND THE FORRESTVILLE VALLEY COMMUNITIES

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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 $200
Program Service Revenue $0
Investment Income $41,339
Other Revenue $21,655
TOTAL REVENUE $63,194

Expense Breakdown

Grants Paid $58,380
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $58,380
Other Expenses $8,660
TOTAL EXPENSES $67,040

Year-over-Year Comparison

2023 2022 Change
Revenue $63,194 $53,534 +0.2%
Expenses $67,040 $65,288 +0.0%
Net Income $-3,846 $-11,754 -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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
N/A

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
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLAS GILL TRUSTEE 0.50
Director
$0 $0 $0
SHERI SMITH SECRETARY 0.50
Officer Director
$0 $0 $0
BRIAN DAWS TRUSTEE 0.50
Director
$0 $0 $0
BARB WELLS PRESIDENT 0.50
Officer Director
$0 $0 $0
DARRELL WINDLE VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
SHAWNA KORF TREASURER 0.50
Officer Director
$0 $0 $0
CHRISTINA BERGIN TRUSTEE 0.50
Director
$0 $0 $0
DON COOK TRUSTEE 0.50
Director
$0 $0 $0
DR ERIC COY TRUSTEE 0.50
Director
$0 $0 $0
SCOTT DRAKE TRUSTEE 0.50
Director
$0 $0 $0
SHAWN NELSON TRUSTEE 0.50
Director
$0 $0 $0
BECKY THIEL TRUSTEE 0.50
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 No data No data No data No data
2024 $63,194 $67,040 $704,995 $-3,846
2023 $53,534 $65,288 $708,841 $-11,754
2022 $168,468 $57,340 $720,595 $111,128
2021 $126,402 $76,348 $609,467 $50,054
2020 $160,268 $75,824 $559,413 $84,444
2019 $43,511 $61,194 $474,969 $-17,683
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