THE ILLINOIS FIREFIGHTERS MEMORIAL FOUNDATION (EIN 364107011) - 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

1996

Legal Domicile

Principal Officer

JAMES M GRADY III

Phone

8156935865

Tax Period

2025-01-01 to 2025-12-31

THE ILLINOIS FIREFIGHTERS MEMORIAL FOUNDATION, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $134K in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $126K left a modest 6% surplus.

Mission

TO ASSIST WITH THE COLLEGE EXPENSES OF THE DEPENDENTS OF FIREFIGHTERS WHGO LOST THIER LIVES IN THE LINE OF DUTY AND TO HONOR THEIR MEMORY BY THE CONSTRUCTON AND MAINTENANCE OF THE ILLINOIS FIREFIGHTERS MEMORIAL AT THE STATE CAPITAL AND TO ANNUALLY RECOGNIZE SUCH OFFICERS AT THE STATE CAPITAL

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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 (2025)

Revenue Breakdown

Contributions & Grants $133,133

Program Service Revenue $0

Investment Income $650

Other Revenue $0

TOTAL REVENUE $133,783

Expense Breakdown

Grants Paid $116,675

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,956

Other Expenses $9,281

TOTAL EXPENSES $125,956

Year-over-Year Comparison

	2025	2024	Change
Revenue	$133,783	$169,817	-0.2%
Expenses	$125,956	$153,554	-0.2%
Net Income	$7,827	$16,263	-0.5%

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

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
TERRY FORD	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICHARD WELLE	SECRETARY	N/A	Officer Director	$0	$0	$0
TIM CLEMENS	TRUSTEE	N/A	Director	$0	$0	$0
JAMES C GRADY	TREASURER	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	$133,783	$125,956	$249,416	$7,827
2024	$169,817	$153,554	$241,589	$16,263
2023	$202,668	$346,250	$225,326	$-143,582
2022	$206,273	$233,978	$143,534	$-27,705
2021	$127,803	$187,586	$171,239	$-59,783
2020	$123,846	$136,284	$224,996	$-12,438

THE ILLINOIS FIREFIGHTERS MEMORIAL FOUNDATION