THE ILLINOIS PATRONS OF THE ARTS IN THE VATICAN MUSEUMS (EIN 363906160) - 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

1993

Legal Domicile

Principal Officer

ANNE SHEA

Phone

3125345351

Tax Period

2024-07-01 to 2025-06-30

THE ILLINOIS PATRONS OF THE ARTS IN THE VATICAN MUSEUMS, founded in 1993, is a small nonprofit that reported $174K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $163K left a modest 7% surplus.

Mission

THE ILLINOIS PATRONS OF THE ARTS IN THE VATICAN MUSEUMS RAISES FUNDS FOR THE PRESERVATION, CARE, EXHIBITION, AND RESTORATION OF ART IN THE VATICAN MUSEUMS IN ROME.

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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 $161,223

Program Service Revenue $8,529

Investment Income $3,648

Other Revenue $1,052

TOTAL REVENUE $174,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,523

Fundraising Expenses $0

Program Expenses $148,440

Other Expenses $129,274

TOTAL EXPENSES $162,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,452	$96,375	+0.8%
Expenses	$162,797	$122,634	+0.3%
Net Income	$11,655	$-26,259	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOST REV BLASE CUPICH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
REVEREND GERALS GUNDERSON	CARDINAL'S R	1.00	Officer Director	$0	$0	$0
REV RYAN BRADY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LEN WIATR	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
REV JACK WALL	DIRECTOR	1.00	Director	$0	$0	$0
REV JASON MALAVE	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN GRUNDHOFER PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
PAULA D'ANGELO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN OVERBEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DAVID MOONEY	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY O'REILLY	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY O'BRIEN SCHULZE	DIRECTOR	1.00	Director	$0	$0	$0
HENRY UTSCHIG	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH WEST	DIRECTOR	1.00	Director	$0	$0	$0
OSCAR TATOSIAN	DIRECTOR	1.00	Director	$0	$0	$0
REV LARRY DOWLING	DIRECTOR	1.00	Director	$0	$0	$0
ANNE SHEA	PRESIDENT	30.00	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	$174,452	$162,797	$151,794	$11,655
2023	$120,858	$104,831	$149,997	$16,027
2023	$120,858	$104,831	$149,997	$16,027
2022	$77,396	$94,884	$133,310	$-17,488
2021	$141,898	$234,613	$150,915	$-92,715
2020	$128,983	$94,329	$243,571	$34,654
2019	$135,726	$125,103	$221,762	$10,623

THE ILLINOIS PATRONS OF THE ARTS IN THE VATICAN MUSEUMS