INSTITUTE ON RELIGIOUS LIFE INC

EIN: 363797840 501(c)(3)

Libertyville, IL

Total Revenue
$478,243
Total Expenses
$476,953
Total Assets
$496,877
Net Assets
$496,877
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
IL
Principal Officer
Jeffrey Karls
Phone
8475738975
Tax Period
2024-07-01 to 2025-06-30

INSTITUTE ON RELIGIOUS LIFE INC, founded in 1974, is a small nonprofit that reported $478K in total revenue in fiscal year 2024.

Mission

To foster and support vocations to the consecrated life in the Catholic Church, by means of publishing books and Religious Life magazine; national and regional events; the Vita Consecrata Institute; audio/video production; and a preeminent presence on the Internet.

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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 (2024)

Revenue Breakdown

Contributions & Grants $367,399
Program Service Revenue $96,655
Investment Income $12,752
Other Revenue $1,437
TOTAL REVENUE $478,243

Expense Breakdown

Grants Paid $51,500
Salaries & Benefits $158,198
Fundraising Expenses $55,958
Program Expenses $381,022
Other Expenses $242,814
TOTAL EXPENSES $476,953

Year-over-Year Comparison

2024 2023 Change
Revenue $478,243 $466,197 +0.0%
Expenses $476,953 $446,711 +0.1%
Net Income $1,290 $19,486 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
5
Volunteers
6

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
6
$72,019
Total Directors
16
$21,198
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeffrey J Karls Executive Director 40
Officer
$72,019 $0 $72,019
Anne F Tschanz Director 25.00
Director
$21,198 $0 $21,198
Most Rev Donald J Hying Director/President 1.0
Officer Director
$0 $0 $0
Most Rev Bob Lombardo CFR Director/Vice President 1.0
Officer Director
$0 $0 $0
Corey Huber Director/Treasurer 1.0
Officer Director
$0 $0 $0
Bonnie Quirke Director/Secretary 1.0
Officer Director
$0 $0 $0
Sr Natalie Binversie OSF Director 1.0
Director
$0 $0 $0
Rev John Burns Director 0.25
Director
$0 $0 $0
Sr Mary Clare Eichman OSF Director 0.25
Director
$0 $0 $0
Sr Regina Marie Gorman OCD Director 0.25
Director
$0 $0 $0
Rev Boniface Hicks OSB Director 0.25
Director
$0 $0 $0
Rev James McCurry OFM Conv Director 0.25
Director
$0 $0 $0
Rev Robert McDermott Director until 9/2024 0.25
Director
$0 $0 $0
Abbot Austin G Murphy OSB Director 1.0
Director
$0 $0 $0
Mother Maria-Michael Newe OSB Director until 3/2025 0.25
Director
$0 $0 $0
Patricia Sanders Director 0.25
Director
$0 $0 $0
Jesse Weiler Director 0.25
Director
$0 $0 $0
Rev Thomas Nelson OPraem National Director 8.0
Officer
$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 $478,243 $476,953 $496,877 $1,290
2024 $466,197 $446,711 $495,586 $19,486
2023 $433,725 $418,974 $476,068 $14,751
2022 $305,165 $335,230 $446,889 $-30,065
2021 $291,960 $297,424 $530,307 $-5,464
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